Pros of Home Ownership in Bonham, Texas:
- Affordability: The cost of living and home prices in Bonham are relatively affordable compared to many other cities in Texas.
- Peaceful Living: With a small town atmosphere, Bonham is a peaceful place to live and raise a family.
- Strong Community: The city has a strong sense of community, with many events and festivals throughout the year as well as great schools and local organizations.
- Employment Opportunities: There are job opportunities in the medical industry, education, manufacturing as well as a variety of service industries. The city can be an ideal place for those seeking employment that are willing to commute.
- Natural Beauty: Bonham is located near Lake Bonham, a 1,000 acre reservoir and recreational area, which provides residents with access to fishing, boating, hiking, and camping.

Cons of Home Ownership in Bonham, Texas:
- Limited Job Opportunities: While there are job opportunities in the city, the choices are limited compared to larger metro areas.
- Climate: Summers can be hot and humid, while winters can be cold and dry, which means some residents might find the climate not to their liking.
- Limited Entertainment: While the city has enough attractions to keep residents entertained, those who crave a vibrant nightlife or a variety of entertainment options may not find what they're looking for in the city.
- Distance from Major Cities: Bonham is geographically isolated from the major cities in Texas with the nearest major cities being several hours away. This may be a problem for some residents who would like to visit or work in big cities.