In Bonham, a typical home is worth $201,800 and typical rent is $1,073 a month. Compared with all of Fannin County, typical household income is 20% lower, the typical home value is 14% lower, and the share of households that own their home is 15 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $203,039 to $224,874.
Typical rent
$1,535a month
Typical rent from Zillow, March 2026 to September 2026: from $1,478 to $1,535.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Bonham is in Fannin County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Fannin County. See the county
What this place has that others do not, from public data, most unusual first.
1
64% of households in Bonham own their home, against 79% in Fannin County.
2
Nearby, in Commerce, the typical home value is $161,600: 20% less than in Bonham ($201,800).
3
Nearby, in Commerce, the typical rent is $909: 15% less than in Bonham ($1,073).
4
The typical household income in Bonham is $57,681,20% less than in Fannin County as a whole ($72,295).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Bonham
What homes there are in Bonham, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Bonham
Fannin County
Texas
United States
Kind of home: Bonham and its comparisons
Measure
Bonham
Fannin County
Texas
United States
Detached house
76%
78%
64%
61%
Attached house
Unreliable estimate
Unreliable estimate
3%
6%
Building of 2 to 4
Unreliable estimate
4%
5%
8%
Apartments (5 or more)
Unreliable estimate
Unreliable estimate
21%
19%
Mobile home
Unreliable estimate
13%
6%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
As in Fannin County, most homes in Bonham are detached houses (76%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Bonham
Fannin County
Texas
United States
Year built: Bonham and its comparisons
Measure
Bonham
Fannin County
Texas
United States
Before 1960
29%
20%
12%
26%
1960–1979
31%
21%
21%
24%
1980–1999
23%
28%
28%
25%
2000–2009
Unreliable estimate
17%
18%
14%
2010 or later
12%
14%
21%
11%
In Bonham, half of the homes were built before 1975; in Fannin County, before 1987.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K29%
$100K–$200K21%
$200K–$300K32%
$300K–$500K16%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Bonham and its comparisons
Measure
Bonham
Under $100K
29%
$100K–$200K
21%
$200K–$300K
32%
$300K–$500K
16%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
The FHA limit for Fannin County is high ($541,287): at least 97% of owner-occupied homes in Bonham are worth less than $500,000.
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99932%
$1,000–$1,49953%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Bonham and its comparisons
Measure
Bonham
Under $500
Unreliable estimate
$500–$999
32%
$1,000–$1,499
53%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,763 a month
Fannin County: $1,734 a month
Without a mortgage
$560 a month
Fannin County: $607 a month
Owners with a mortgage
43%
Fannin County: 46%
Owning costs about the same in Bonham as in Fannin County: with a mortgage, $1,763 a month; without one, $560.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Bonham+138%
Fannin County+90%
Texas+65%
United States+53%
Typical rent
Bonham+38%
Fannin County+31%
Texas+34%
United States+33%
Typical household income
Bonham+32%
Fannin County+32%
Texas+27%
United States+29%
Change since 2015–2019: Bonham and its comparisons
Measure
Bonham
Fannin County
Texas
United States
Typical home value
+138%
+90%
+65%
+53%
Typical rent
+38%
+31%
+34%
+33%
Typical household income
+32%
+32%
+27%
+29%
The typical home value in Bonham rose 138% since 2015–2019, more than in Fannin County (90%).
The typical rent in Bonham rose 38% over the same time; in Fannin County, it rose 31%.
The typical household income in Bonham rose 32%: less than home values (+138%) and rent (+38%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Bonham and its comparisons
Measure
Bonham
Fannin County
Texas
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
7.7%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
1.1%
0.9%
More than one person per room
Unreliable estimate
3.7%
4.8%
3.4%
People per household
2.72
2.69
2.69
2.53
Drive alone
62%
73%
71%
69%
Carpool
23%
11%
10%
9%
Public transit
0%
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
2%
2%
3%
Work from home
10%
14%
14%
15%
Other means
Unreliable estimate
1%
2%
2%
Typical commute
Unreliable estimate
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
Much as in Fannin County, a household in Bonham has 2.72 people on average.
In Bonham, 23% of workers share a car to get to work; in Fannin County, 11%.
Do the math
What would you pay each month for a home in Bonham?
A typical home is tight for the typical income
We start with a typical home in Bonham, worth $201,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 35% of the typical household income in Bonham, which is $57,681 a year. For that payment to be 28% of income, a household would need to earn about $72,812 a year.
The calculator's FHA and conventional loan limits are those of all of Fannin County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Bonham. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $7,063 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,699
at 7.18% · 30 years
Loan amount
$198,145
Total interest
$285,084
Paid off in
November 2056
Includes $3,408 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,346 a month
Tight
$1,346 to $1,730 a month
Your payment · 35%
Hard
more than $1,730 a month
Compared with the typical household income in Bonham ($57,681 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,342
Property tax
$183
Home insurance
$84
FHA mortgage insurance (MIP)
$89
You need at least $7,063 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,699; principal and interest $1,342.
The city and its county
Bonham and Fannin County
Bonham is in Fannin County, Texas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Bonham
Map of Fannin County, Texas, with Bonham marked. Around it, the neighboring counties.
Bonham
Fannin County
Other cities with a page
Bonham's own numbers
Typical home value
$201,800
Typical monthly rent
$1,073
Typical yearly household income
$57,681
Households that own their home
64%
Effective property tax rate
1.09%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Fannin County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,093
Price change over 5 years (FHFA)
+56%
Homes in a high flood-risk zone
3.8%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Fannin County.
A typical home in Bonham is worth $201,800: 14% below the county and 29% below Texas. With the typical household income in Bonham ($57,681 a year), a typical home costs 3.5 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Bonham3.5 years
Fannin3.2 years
Texas3.6 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Fannin County
According to FHFA’s house price index, home prices in Fannin County rose 130% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Fannin County.
Yearly change in FHFA’s price index in Fannin County, 2016 to 2025
2016: +12.3% +12.3% 2016
2017: +8.9% +8.9% 2017
2018: +9.5% +9.5% 2018
2019: +6.7% +6.7% 2019
2020: +2.9% +2.9% 2020
2021: +12.2% +12.2% 2021
2022: +23.5% +23.5% 2022
2023: +5.7% +5.7% 2023
2024: +5.6% +5.6% 2024
2025: +0.9% +0.9% 2025
Change in FHFA’s price index in Fannin County, Texas and the United States
Period
County
Texas
U.S.
Last year (2025)
+0.9%
+0.8%
+2.9%
5 years (2020–2025)
+56%
+44%
+47%
10 years (2015–2025)
+130%
+88%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Bonham next to Fannin County, Texas and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Bonham$201,800
Fannin$233,700
Texas$283,800
United States$332,700
Typical monthly rent
Bonham$1,073
Fannin$1,035
Texas$1,403
United States$1,413
Typical yearly household income
Bonham$57,681
Fannin$72,295
Texas$78,476
United States$80,734
See the full table
Bonham next to Fannin County and Texas
Measure
Bonham
Fannin County
Texas
U.S.
Typical home value
$201,800 ▼14% below the county
$233,700
$283,800
$332,700
Typical monthly rent
$1,073 ▲4% above the county
$1,035
$1,403
$1,413
Typical yearly household income
$57,681 ▼20% below the county
$72,295
$78,476
$80,734
Households that own their home
64% ▼15 points below the county
79%
63%
65%
Typical yearly property tax
$2,194 ▼13% below the county
$2,529
$4,232
$3,119
Effective property tax rate
1.09% ▲0.01 points above the county
1.08%
1.49%
0.94%
Renters with high rent for their income
46% ▲4 points above the county
42%
52%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Fannin County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Bonham
For a typical $201,800 home in Bonham, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Bonham's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,699a month
Least cash to close
Down payment
$7,063
Cash to close
$13,117
Rate
7.18%
Mortgage insurance
FHA MIP · $89
Conventional, 5% down$1,662a month
Down payment
$10,090
Cash to close
$16,144
Rate
7.18%
Mortgage insurance
PMI · $96
Conventional, 20% down, no PMI$1,361a month
Down payment
$40,360
Cash to close
$46,414
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,548a month
Down payment
$30,270
Cash to close
$36,324
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Bonham
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,699
$7,063
$198,145
7.18%
FHA MIP · $89
$13,117
580
Conventional, 5% down
$1,662
$10,090
$191,710
7.18%
PMI · $96
$16,144
620*
Conventional, 20% down, no PMI
$1,361
$40,360
$161,440
7.18%
None
$46,414
620*
ITIN, 15% down (example)
$1,548
$30,270
$171,530
8.18%
None
$36,324
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Bonham is $1,073 a month: 4% above the county. In Bonham, 46% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Fannin County, by unit size. To pay the 2-bedroom one ($1,093 a month) without spending more than 30% of your income, you would need to earn $21.02 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Fannin County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$761
$14.63
$30,440
1 bedroom
$836
$16.08
$33,440
2 bedrooms
$1,093
$21.02
$43,720
3 bedrooms
$1,511
$29.06
$60,440
4 bedrooms
$1,827
$35.13
$73,080
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Bonham
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Bonham is in ZIP code 75418.
For 2 bedrooms it is $1,090: $3 less than the fair market rent for Fannin County ($1,093).
Fair market rent by ZIP code and size in Bonham, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
75418
$760
$830
$1,090
$1,510
$1,820
ZIP code2 bd3 bd
75418 $1,090$1,510
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Bonham when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Fannin County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Bonham or Fannin County. The ones below are statewide in Texas: they work in Bonham the same as in the rest of the state.
Texas state program for first-time buyers: a 30-year mortgage with down payment assistance.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state program with down payment assistance for any buyer, not only first-time buyers.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state certificate that turns part of your mortgage interest into a credit on your federal tax return.Offered by Texas Department of Housing and Community Affairs (TDHCA).
No legal help resource on our list is for Bonham or Fannin County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Bonham and all of Fannin County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Bonham?
The typical home value in Bonham is $201,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Fannin County it is $233,700.
How much does it cost to rent in Bonham?
Typical rent in Bonham is $1,073 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Fannin County is $1,093.
What is the FHA loan limit in Bonham?
Bonham uses the FHA limit for all of Fannin County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Bonham?
The typical homeowner in Bonham pays $2,194 a year, according to the U.S. Census Bureau. That is 1.09% of the home’s value; in Fannin County, the rate is 1.08%.
Where can I find free help to buy or rent in Bonham?
We found no HUD-approved counseling agencies with an office in Fannin County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
