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City Report · TX

Bonham

Pop. 10,697·190th most expensive in Texas·Rental market data updated monthly for Bonham, TX
Median rent (all units)
$1,492/mo
Year-over-Year
Stable
Month-over-Month
-0.9%
vs US Median
-$470
Falling (Monthly)
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Most AffordableMost Expensive
Bonham · $1,492
More affordable than 76% of US cities · National median $1,962/mo
Affordability
31% of income
MODERATE
0%30% benchmark60%+

At $1,492/mo, rent takes about 31% of the local median household income, slightly above the 30% benchmark.

Income to afford
$60,000/yr
Local median income
$57,681/yr
Based on the 30%-of-income rule using Bonham's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$710
1 BR
$710
2 BR
$930
3 BR
$1,310
4 BR+
$1,580
Fair Market Rent (HUD)
$930/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,492 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$17,904/yr
At $1,492/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.0% YoY, -0.9% MoM), not inventory.
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Demographics

Who lives here

Bonham, TX is majority owner-occupied, has a median income below the national average, 15.2% of residents hold a bachelor's degree or higher.

Population
10,697
Median income
$57,681
Median age
36.7
Renters
36.4%
Age distribution
17.8%
28.2%
30.2%
14.7%
Under 1817.8%
18–3428.2%
35–5430.2%
55–649.1%
65+14.7%
Gender
61.5%
38.5%
Male61.5%
Female38.5%
Race & ethnicity
70.4%
12.9%
21.9%
White70.4%
Black12.9%
Hispanic21.9%
Asian0.7%
Education (25+)
17.3%
41.5%
26%
15.2%
No HS diploma17.3%
HS diploma41.5%
Some college26%
Bachelor's+15.2%
Housing tenure
63.6%
36.4%
Owner63.6%
Renter36.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Bonham, TX has changed in 5 years

Income
$43,736 → $57,681
up 31.9%
Population
10,295 → 10,697
up 3.9%
Renter share
42.8% → 36.4%
-6.4 pts
Bachelor's+
14.4% → 15.2%
+0.8 pts

On the earnings side, the typical household in Bonham, TX now reports about $57,681, up from $43,736 in 2021. The population has grown by 3.9% since 2021, moving from about 10,295 residents to roughly 10,697. Renters now make up 36.4% of households, compared with 42.8% five years ago.

Community

Discussions about Bonham

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View Bonham rent history (2015–2026) →
Salary vs rent

Can you afford rent in Bonham on your salary?

At $1,492/mo, how Bonham rent compares to typical pay (30% rule).

By apartment size

Bonham rent by bedroom count

Median rent for each apartment size in Bonham. Click any size for full breakdown.

Local insights

Tips for renters in Bonham

About renting in Bonham, TX

Last updated: August 17, 2026

The median rent in Bonham is $1,492/mo as of August 2026. A studio apartment averages $710/mo while a 2-bedroom runs $930/mo. One-bedroom apartments average $710/mo and 3-bedroom units go for $1,310/mo.

At 31% of local median household income ($57,681/yr), Bonham ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Bonham an affordable city for renters?

Bonham is considered moderate for renters. At $1,492/mo, rent takes approximately 31% of the local median household income ($57,681/yr). The standard benchmark is 30%. Bonham slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Bonham?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (~$29/hour full-time) to afford the median rent of $1,492/mo in Bonham. The local median household income is $57,681/yr, meaning the typical Bonham household falls short of that threshold.

Is rent going up or down in Bonham?

Rent in Bonham has been relatively stable over the past year, with a 0.0% change year over year as of August 2026.

How does Bonham rent compare to other cities in Texas?

Bonham is one of the more affordable cities in Texas for rent, ranking #190 out of 267 tracked cities at $1,492/mo.

Which nearby cities are cheaper to rent in than Bonham?

Several nearby cities have lower median rents than Bonham ($1,492/mo): Commerce ($1,173/mo), Denison ($1,439/mo), Farmersville ($1,479/mo).

What percentage of Bonham residents rent vs. own?

According to Census data, approximately 36.4% of Bonham households are renters, while 63.6% are owner-occupied. Bonham leans toward homeownership, which can mean a smaller rental inventory.

How does Bonham rent compare to the national average?

Bonham's median rent of $1,492/mo is $470 (24%) below the US national median of $1,962/mo. Within Texas, it ranks #190 out of 267 tracked cities.
Income Affordability
31%
MODERATE

At $1,492/mo, rent takes ~31% of Bonham's median household income ($57,681/yr). The standard benchmark is 30%.

Bonham 31%Benchmark 30%
State income taxNone
Run the Bonham affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Bonham, TX

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