Foreclosure Homes in Bonham, TX 75418

Current Market Conditions in Bonham, TX

The Bonham real estate market is experiencing a steady increase in prices over the past year, with demand driven by its affordable living costs compared to larger metropolitan areas. The area has drawn attention from first-time homebuyers and retirees looking for a quieter lifestyle, while also appealing to investors interested in rental properties.

Current trends indicate a limited housing inventory, which is putting upward pressure on home prices. The demand for properties has remained robust, making it a competitive market for buyers who may need to act quickly to secure their ideal home.

Rent Prices In Bonham, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bonham, TX, is on a rollercoaster ride. The average rent price in Bonham, TX, is $1,215.00. Indeed, when looking to rent in Bonham, TX, you can expect to pay as little as $550.00 or as much as $3,120.00, with the average rent median estimated to be $1,170.00. The good news is that finding an affordable and desirable property to rent in Bonham, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.