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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Bonham, TX Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bonham, TX Housing Market Trends

With 10,746 people, 3,073 houses or apartments, and a median cost of homes of $244,264, Bonham real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Bonham, accounting for 75.42% of the city's housing units. Other types of housing that are prevalent in Bonham include duplexes, homes converted to apartments or other small apartment buildings ( 11.40%), large apartment complexes or high rise apartments ( 8.70%), and a few mobile homes or trailers ( 2.67%).

The most prevalent building size and type in Bonham are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 43.47% owning and 56.53% renting.

There is a lot of housing in Bonham built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bonham built between 1940-1969 ( 28.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.40%). There's also some housing in Bonham built before 1939 ( 10.75%).

Vacant housing appears to be an issue in Bonham. Fully 12.87% of the housing stock is classified as vacant. Left unchecked, vacant Bonham homes and apartments can be a drag on the real estate market, holding Bonham real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Bonham Home Appreciation Rates

In the last 10 years, Bonham has experienced some of the highest home appreciation rates of any community in the nation. Bonham real estate appreciated 111.42% over the last ten years, which is an average annual home appreciation rate of 7.77%, putting Bonham in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bonham definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Bonham appreciation rates have trailed the rest of the nation. In the last twelve months, Bonham's appreciation rate has been 4.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bonham were at 1.44%, which equates to an annual appreciation rate of 5.89%.

Relative to Texas, our data show that Bonham's latest annual appreciation rate is higher than 50% of the other cities and towns in Texas.

Average Home Values

Median Home Value

$244,264

Bonham, TX Home Prices
> $1,476,000
$1,108,001 - $1,476,000
$738,001 - $1,108,000
$591,001 - $738,000
$443,001 - $591,000
$295,001 - $443,000
$148,001 - $295,000
$74,001 - $148,000
$0 - $74,000
0.3%
0.3%
0.0%
0.0%
3.5%
3.5%
1.0%
1.0%
5.6%
5.6%
21.6%
21.6%
30.7%
30.7%
30.3%
30.3%
7.0%
7.0%
0% 100.0%
% of Homes
Average

for Texas

Average

for nation

Number of Homes And Apartments:

3,073

Bonham Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,774 / per month

Homeownership Rate

Owners
Renters
43.5%
43.5%
56.5%
56.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
12.9%
12.9%
87.1%
87.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.4%
15.4%
45.8%
45.8%
28.0%
28.0%
10.7%
10.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
75.4%
75.4%
1.8%
1.8%
11.4%
11.4%
8.7%
8.7%
2.7%
2.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
10.8%
10.8%
31.7%
31.7%
41.4%
41.4%
13.8%
13.8%
0.5%
0.5%
0% 100.0%
% of Homes

Popular Neighborhoods in Bonham

Zip Codes in Bonham, TX