Market Overview
Home Prices in Bonham, TX
The median home value in Bonham, TX is $230,235 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.7% compared to a year ago and down 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bonham are priced44% below average. Bonham is part of the Bonham, TX metro area.
Over the past five years, Bonham home values have risen by approximately19.5%, reflecting steady appreciation in this market.
Price History
Bonham Home Price Trend
2020
$161,757
$162K
—
2021
$192,657
$193K
+19.1%
2022
$239,622
$240K
+24.4%
2023
$232,642
$233K
-2.9%
2024
$237,187
$237K
+2.0%
2025
$236,547
$237K
-0.3%
2026
$230,235
$230K
-2.7%
City Comparison
Bonham vs. National Median
🏠 Bonham
$230,235
National Median
$410,000
At $230,235, homes in Bonham cost 44% below the national median of $410,000. This makes Bonham a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Bonham?
20% Down Payment
$46,047
on $230,235
Monthly P&I
$1,201/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,525/mo
incl. taxes & insurance
Income Needed
$61,000
gross annual (30% rule)
10% Down Option
$23,024
+ PMI applies
Loan Amount (20% dn)
$184,188
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 Bonham, TX?
The median home value in Bonham is $230,235 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.7% year-over-year.
How much have home prices changed in Bonham?
Over the past year, home values in Bonham have decreased by 2.7%. Over five years, prices have risen approximately 19.5%.
How much do I need to earn to buy a home in Bonham?
To comfortably afford the median home price of $230,235 with a 20% down payment ($46,047) at today's rates (6.8%), you'd need a gross annual income of approximately $61,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Bonham compare to the national average home price?
The national median home value is approximately $410,000. At $230,235, homes in Bonham are 44% below the national average.
What metro area is Bonham part of?
Bonham is part of the Bonham, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.