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Housing Affordability in Bonham, TX
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 29.8%
- Texas 33.1%
- Renters paying 30%+
- 46.1%
- Texas 51.7%
- Homeowners paying 30%+
- 21.4%
- Texas 22.6%
- Owner costs with a mortgage
- $1,763/mo
- Texas $2,106/mo
Housing costs compared with income
- Renters paying 30% or more42846.1%
- Homeowners paying 30% or more39021.4%
- Renters paying 50% or more28130.3%
- Median rent as a share of income: 26.2%
- Median owner costs as a share of income, with a mortgage: 25.2%
- Median owner costs without a mortgage: $560/mo
- Median home value divided by median household income: 3.5
How it compares
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| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Bonham, TX | 29.8% | 46.1% | 21.4% | 26.2% |
| Fannin County | 25.7% | 41.8% | 22.1% | 25.9% |
| Texas | 33.1% | 51.7% | 22.6% | 30.9% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Bonham, TX?
- In Bonham, TX, 29.8% of households spend 30% or more of their income on housing costs.
- How does Bonham compare with Texas?
- The households paying 30%+ for housing in Bonham is 29.8%, compared with 33.1% for Texas as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates