Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Bonanza area can be challenging. Home prices in Bonanza are now at a median cost of $306,679, higher than the Texas average of $235,268.
The average cost of rent is $882/mo in Bonanza, primarily driven by the current value of real estate in the Bonanza area. While nearly 43.86% of residents own their homes outright in Bonanza, 4.06% rent.
Housing affordability isn’t just about home prices, though. The average household income in Bonanza is $5,871 per month. Households that rent pay about 15.03% of their income on rent here. Bonanza's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
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