Market Overview
Home Prices in Savoy, TX
The median home value in Savoy, TX is $317,596 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.9% compared to a year ago and up 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Savoy are priced23% below average. Savoy is part of the Bonham, TX metro area.
Over the past five years, Savoy home values have risen by approximately24.2%, reflecting strong long-term appreciation in this market.
Price History
Savoy Home Price Trend
2020
$214,631
$215K
—
2021
$255,740
$256K
+19.2%
2022
$308,062
$308K
+20.5%
2023
$295,619
$296K
-4.0%
2024
$315,884
$316K
+6.9%
2025
$320,555
$321K
+1.5%
2026
$317,596
$318K
-0.9%
City Comparison
Savoy vs. National Median
🏠 Savoy
$317,596
National Median
$410,000
At $317,596, homes in Savoy cost 23% below the national median of $410,000. This makes Savoy a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Savoy?
20% Down Payment
$63,519
on $317,596
Monthly P&I
$1,656/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,103/mo
incl. taxes & insurance
Income Needed
$84,120
gross annual (30% rule)
10% Down Option
$31,760
+ PMI applies
Loan Amount (20% dn)
$254,077
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 Savoy, TX?
The median home value in Savoy is $317,596 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.9% year-over-year.
How much have home prices changed in Savoy?
Over the past year, home values in Savoy have decreased by 0.9%. Over five years, prices have risen approximately 24.2%.
How much do I need to earn to buy a home in Savoy?
To comfortably afford the median home price of $317,596 with a 20% down payment ($63,519) at today's rates (6.8%), you'd need a gross annual income of approximately $84,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Savoy compare to the national average home price?
The national median home value is approximately $410,000. At $317,596, homes in Savoy are 23% below the national average.
What metro area is Savoy part of?
Savoy is part of the Bonham, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.