Market Overview
Home Prices in Honey Grove, TX
The median home value in Honey Grove, TX is $253,402 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.3% compared to a year ago and down 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Honey Grove are priced38% below average. Honey Grove is part of the Bonham, TX metro area.
Over the past five years, Honey Grove home values have risen by approximately21.0%, reflecting strong long-term appreciation in this market.
Price History
Honey Grove Home Price Trend
City Comparison
Honey Grove vs. National Median
At $253,402, homes in Honey Grove cost 38% below the national median of $410,000. This makes Honey Grove a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Honey Grove?
20% Down Payment
$50,680
on $253,402
Monthly P&I
$1,322/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,679/mo
incl. taxes & insurance
Income Needed
$67,160
gross annual (30% rule)
10% Down Option
$25,340
+ PMI applies
Loan Amount (20% dn)
$202,722
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 Honey Grove, TX?
The median home value in Honey Grove is $253,402 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.3% year-over-year.
How much have home prices changed in Honey Grove?
Over the past year, home values in Honey Grove have increased by 0.3%. Over five years, prices have risen approximately 21.0%.
How much do I need to earn to buy a home in Honey Grove?
To comfortably afford the median home price of $253,402 with a 20% down payment ($50,680) at today's rates (6.8%), you'd need a gross annual income of approximately $67,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Honey Grove compare to the national average home price?
The national median home value is approximately $410,000. At $253,402, homes in Honey Grove are 38% below the national average.
What metro area is Honey Grove part of?
Honey Grove is part of the Bonham, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.