Market Overview
Home Prices in Leonard, TX
The median home value in Leonard, TX is $380,244 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.2% compared to a year ago and down 0.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Leonard are priced7% below average. Leonard is part of the Bonham, TX metro area.
Over the past five years, Leonard home values have risen by approximately28.4%, reflecting strong long-term appreciation in this market.
Price History
Leonard Home Price Trend
City Comparison
Leonard vs. National Median
At $380,244, homes in Leonard cost 7% below the national median of $410,000. This makes Leonard a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Leonard?
20% Down Payment
$76,049
on $380,244
Monthly P&I
$1,983/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,518/mo
incl. taxes & insurance
Income Needed
$100,720
gross annual (30% rule)
10% Down Option
$38,024
+ PMI applies
Loan Amount (20% dn)
$304,195
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 Leonard, TX?
The median home value in Leonard is $380,244 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.2% year-over-year.
How much have home prices changed in Leonard?
Over the past year, home values in Leonard have decreased by 0.2%. Over five years, prices have risen approximately 28.4%.
How much do I need to earn to buy a home in Leonard?
To comfortably afford the median home price of $380,244 with a 20% down payment ($76,049) at today's rates (6.8%), you'd need a gross annual income of approximately $100,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Leonard compare to the national average home price?
The national median home value is approximately $410,000. At $380,244, homes in Leonard are 7% below the national average.
What metro area is Leonard part of?
Leonard is part of the Bonham, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.