The housing market in Bonham, TX is flourishing. The median value of a house in this town is currently $195,900 which is significantly lower than the US median value of $338,100. In addition, the house appreciation rate over the past year has been much higher in Bonham than the national average of 8.27%, with an impressive 21.41% increase in value. This indicates that Bonham's housing market is thriving and now may be a good time to purchase a home in this area.
The median home cost in Bonham is $195,900. Home appreciation the last 10 years has been 144.0%. Home Appreciation in Bonham is up 23.0%.
Average Age of Homes
- The median age of Bonham real estate is 43 years old
The Rental Market in Bonham
- Renters make up 37.3% of the Bonham population
- 0.0% of houses and apartments in Bonham, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.