Market Overview
Home Prices in Bonifay, FL
The median home value in Bonifay, FL is $147,520 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 6.8% compared to a year ago and down 1.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bonifay are priced64% below average.
Over the past five years, Bonifay home values have risen by approximately13.1%, reflecting steady appreciation in this market.
Price History
Bonifay Home Price Trend
2020
$110,436
$110K
—
2021
$130,482
$130K
+18.2%
2022
$156,918
$157K
+20.3%
2023
$158,959
$159K
+1.3%
2024
$160,522
$161K
+1.0%
2025
$158,206
$158K
-1.4%
2026
$147,520
$148K
-6.8%
City Comparison
Bonifay vs. National Median
🏠 Bonifay
$147,520
National Median
$410,000
At $147,520, homes in Bonifay cost 64% below the national median of $410,000. This makes Bonifay a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Bonifay?
20% Down Payment
$29,504
on $147,520
Monthly P&I
$769/mo
30-yr @ 6.8%
Total Monthly Est.
~$977/mo
incl. taxes & insurance
Income Needed
$39,080
gross annual (30% rule)
10% Down Option
$14,752
+ PMI applies
Loan Amount (20% dn)
$118,016
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Bonifay, FL?
The median home value in Bonifay is $147,520 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 6.8% year-over-year.
How much have home prices changed in Bonifay?
Over the past year, home values in Bonifay have decreased by 6.8%. Over five years, prices have risen approximately 13.1%.
How much do I need to earn to buy a home in Bonifay?
To comfortably afford the median home price of $147,520 with a 20% down payment ($29,504) at today's rates (6.8%), you'd need a gross annual income of approximately $39,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Bonifay compare to the national average home price?
The national median home value is approximately $410,000. At $147,520, homes in Bonifay are 64% below the national average.