Bonham, TX Housing Market
AI-powered market intelligence for the Bonham, TX metro area.
PropertyIQ Scores
Bonham, TX Market Analysis
Market Overview
Bonham, TX presents a weak housing market, as reflected in a PropertyIQ Score of 13 out of 100. The top score drivers are a median days on market of 85 days and a 27.2% share of listings with a price cut. These indicators point to a market where listings are moving slowly and sellers are adjusting prices to attract buyers. Against state benchmarks, Bonham’s median home value is $271,500, below the state average of $299,367 by $27,867. The rent index is $1,513, above the state average of $1,339 by $174. The unemployment rate is 4.5%, matching the state average.
The affordability picture is mixed. Median household income is $68,377, below the state average of $76,292 by $7,915. While lower home values may help buyers, the income gap can limit purchasing power. The rent index is above the state average even though home values are lower, which may reflect relatively elevated local rents. There are 280 homes for sale, and the reported year-over-year home value change is -$3, indicating essentially flat price movement. Population growth data is not available.
Key Trends
The first trend is slow sales velocity and seller discounting. Median days on market is 85 days, and 27.2% of listings have had a price cut; these are top score drivers and show that homes are not clearing quickly without price adjustments. The second trend is flat pricing below the state average. Bonham’s median home value of $271,500 is below the state average of $299,367, and the reported year-over-year home value change of -$3 suggests little to no near-term appreciation.
Another trend is the combination of above-state rents and below-state home values. The rent index of $1,513 is $174 above the state average of $1,339, while the median home value is lower than the state average. This may point to relatively stronger rental costs compared with the for-sale market. A fourth trend is affordability pressure from income. Median household income is $68,377, below the state average of $76,292 by $7,915. With 280 homes for sale and no population growth data available, the market’s ability to absorb inventory remains unclear.
Who Is This Market For
Given the weak PropertyIQ score and soft sale indicators, Bonham is likely best suited for patient buyers and long-term investors rather than flippers or sellers needing a quick transaction. The median home value of $271,500 below the state average may appeal to first-time buyers, but the median household income of $68,377 and rent index of $1,513 mean affordability is not as strong as lower home prices alone would suggest. Buyers can benefit from negotiation leverage because of the 85-day median days on market and a 27.2% share of listings with price cuts.
For investors, the above-state rent index is the most supportive signal. A rent index of $1,513 compared with the state average of $1,339 may attract buy-and-hold landlords focused on cash flow, especially since home values are lower than the state average. However, the high days on market and price cut share suggest resale could be slow. This market is less suited to short-term investors because the year-over-year home value change of -$3 does not indicate near-term appreciation. Move-up buyers may face challenges selling in a market with 85 days on market and frequent price cuts. The 4.5% unemployment rate matches the state average, but population growth data is not available to assess demand growth.
Outlook
The near-term outlook for Bonham is cautious. With median days on market at 85 days and 27.2% of listings showing price cuts, seller competition is likely to remain. Median home value of $271,500 is below the state average of $299,367, and the year-over-year home value change of -$3 suggests no meaningful upward price momentum. Inventory of 280 homes for sale adds supply, and without population growth data, a demand-side catalyst is not visible in the provided metrics.
The rent index of $1,513 above the state average of $1,339 may continue to draw interest from long-term rental investors, but that does not offset weak for-sale conditions. Median household income of $68,377 is below the state average of $76,292, which may keep purchase demand sensitive. Overall, the data points to a market favoring patient, value-conscious buyers and long-term holders over those expecting quick turnover or appreciation.
AI-generated analysis based on current market data. Last updated September 25, 2026.
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Bonham, TX market data
Bonham, TX Housing Market Overview
Bonham, TX's median home value is $214K. Homes here sell in a median 85 days. Its PropertyIQ Score of 13 sits below the state average of 50, marking a market positioned to lag its state over the next three years.
The Bonham, TX metro area is one of 900+ US metropolitan markets that PropertyIQ scores each month. A single PropertyIQ Score blends Zillow price momentum with Realtor.com market-flow signals to estimate 3-year excess appreciation versus the market's state — showing not just where prices stand today, but how the market is positioned relative to its peers.
South Central housing markets are propelled by energy sector economics, corporate relocations, and rapid population growth. Texas metros in particular have seen explosive expansion, though affordability pressures are emerging in the fastest-growing areas. Within the South Central, Bonham, TX's PropertyIQ Score of 13 runs below the South Central norm.
Texas continues to be one of America's top relocation destinations, with no state income tax and a business-friendly regulatory environment driving corporate headquarters relocations and population growth.
For the Bonham, TX market, PropertyIQ calculates a single score each month from four inputs: twelve-month Zillow home-value momentum, three-month Zillow home-value momentum, median days on market from Realtor.com, and the Realtor.com price-reduced share. The score is computed nationally across all metros and calibrated so 50 equals the state average. Across the validation history, metro markets in the top score band have outperformed their state by roughly 1.7 percentage points more per year than bottom-band markets.
Use PropertyIQ's interactive analytics to compare Bonham, TX against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.
Counties in the Bonham, TX metro area
ZIP codes in the Bonham, TX metro area
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Market data through August 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Bonham, TX a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Bonham, TX currently scores 13, a very weak-momentum reading that leaves it positioned to lag its state over the next three years. For buyers, cooling demand usually brings more inventory, longer sale times, and real leverage to negotiate on price. Backing that up, the median home value here is $214K. So whether Bonham, TX is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Bonham, TX?
Bonham, TX's PropertyIQ Score is 13, indicating very weak momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 13 places Bonham, TX below its state benchmark.
How quickly do homes sell in Bonham, TX?
In Bonham, TX, homes sell in a median of 85 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 27% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Bonham, TX market data is refreshed on a monthly cycle, with the latest figures current through August 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.