Bonham, TX
Population 10,594 · Texas
About Bonham, TX
Bonham is a mid-sized city located in Texas with a population of 10,594 residents according to the latest US Census Bureau American Community Survey data. The median household income is $53,232 per year, which is 29% below the national median of $75,149. The median age of 37.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Bonham features a median home value of $183,600, which is 25% below the national median of $244,900. This positions Bonham in a moderately priced market relative to the rest of the country. Median monthly rent is $1,029, 12% below the national average of $1,163/month. Of the 3,563 total housing units, 56% are owner-occupied (1,744 units) and 44% are renter-occupied (1,373 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Bonham shows an unemployment rate of 8.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 23.3%, above the national average of 12.4%. Workers in Bonham have an average one-way commute time of 25.7 minutes.
Education & Demographics
15.8% of Bonham residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 19.8% White, 3.5% Hispanic or Latino, 0.1% Black or African American, and 1.5% Asian residents, with 9.4% of the population being foreign-born.
Cost of Living in Bonham, TX
Compared to national averages, Bonham has a median household income of $53,232 (29% below the national median of $75,149). Home values average $183,600, which is 25% below the national median. Monthly rent at $1,029 is 12% below the US average of $1,163. Within Texas, Bonham's income is 27% below the state average of $72,726, and home values are 13% below the state median of $211,769.
Why Live in Bonham, TX?
Bonham offers affordable housing with a median home value of $183,600, below the US average of $244,900, and rent that’s lower than the national average at $1,029/month.
Potential considerations include median household income ($53,232) that falls below the national average. However, Bonham’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Bonham has a population of 10,594 with a median age of 37.4 years. Compare Bonham with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Bonham
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fairview | 10,570 | $107,308 | $544,800 | Compare |
| Fair Oaks Ranch | 10,630 | $168,309 | $612,700 | Compare |
| Bellmead | 10,550 | $54,048 | $117,600 | Compare |
| Freeport | 10,639 | $53,606 | $118,900 | Compare |
| Clute | 10,650 | $66,224 | $251,100 | Compare |
| Galena Park | 10,527 | $54,167 | $116,400 | Compare |
| Bastrop | 10,484 | $70,625 | $308,300 | Compare |
| Sweetwater | 10,484 | $45,720 | $84,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Bonham With Other Cities
Frequently Asked Questions about Bonham
What is the population of Bonham, TX?
The population of Bonham, TX is 10,594 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Texas.
What is the median household income in Bonham?
The median household income in Bonham, TX is $53,232 per year, which is 29% below the national median of $75,149.
What is the median home value in Bonham?
The median home value in Bonham, TX is $183,600, which is 25% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Bonham?
The median monthly rent in Bonham, TX is $1,029, which is 12% below the national average of $1,163/month.
What is the unemployment rate in Bonham?
The unemployment rate in Bonham, TX is 8.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Bonham, TX a good place to live?
Bonham offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 10,594 and a median age of 37.4, the city appeals to a broad range of residents.
How educated is Bonham, TX?
15.8% of residents in Bonham aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Bonham?
Key cost-of-living indicators for Bonham, TX: median home value is $183,600 (25% below national), median rent is $1,029/month, and median household income is $53,232. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Bonham?
The poverty rate in Bonham, TX is 23.3%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Bonham, TX?
Bonham's population is 19.8% White, 3.5% Hispanic or Latino, 0.1% Black or African American, 1.5% Asian, and 13.3% two or more races. 9.4% of residents are foreign-born.