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EconPulse

Local economy signal dashboard

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PLACEThriving

Honey Grove, TX

Thriving overall. GDP / Output is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score75out of 100
Compare
100
84
0
79
100

Population

1,824

Data freshness

Unknown

GDP / Output

+8.8% YoY

100

$1.5B

Output changed +8.8% in 2024.

Vintage date unknown

State growth5.0%
U.S. growth5.3%

Jobs

Unemployment rate

84

2.8%

Unemployment is 2.8% for Latest available.

Vintage date unknown

State avg5.3%
U.S. avg5.2%

Population

-10.0% 5-year

0

1,824

Population moved -10.0% over the latest ACS window.

Vintage date unknown

State population30,188,424
U.S. population334,922,499

Housing

Rent share of income

79

14.9%

Median rent consumes 14.9% of median household income: Affordable.

Vintage date unknown

State rent$1.4K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$8.3K per resident

100

$295.8M

$295.8M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$311.4B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$295.8M

$8.3K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$191.8M
2. Department of Veterans Affairs$73.7M
3. Department of Transportation$14.1M

Top recipients

Dollars
1. TEXAS GENERAL LAND OFFICE$17.3M
2. TEXAS DEPARTMENT OF TRANSPORTATION$14.1M
3. REDACTED DUE TO PII$8.1M

Affordable

Housing Affordability

14.9%

of median income

1BR estimate$476
2BR estimate$627
Median income$46,713
Median home value$152,000

ACS context

Quick Facts

Population

1,824

Median age

42.6

Bachelor's degree+

15.1%

Poverty rate

13.1%

Labor force participation

56.9%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-31

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-2.1%

GDP CAGR

+8.6%

Federal flow

5 years

Population (5 years)
20202,026
20212,128
20221,950
20231,886
20241,824
GDP (5 years)
2020$1.0B
2021$1.1B
2022$1.3B
2023$1.4B
2024$1.5B

2-year linear forecast

Predictive Outlook

Population forecast

20241,824
20251,769 *
20261,704 *

R² = 73.7% · * projected

GDP forecast

2024$1.5B
2025$1.7B *
2026$1.8B *

R² = 99.8% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$46,713/yr
Median rent$581/mo
Rent share of income14.9%
Est. mortgage (30yr, 6.5%)$9,223/yr
Mortgage share of income19.7%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate2.8%
State avg5.3%
U.S. avg5.2%
Labor force participation56.9%
Poverty rate13.1%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$152,000
Median monthly rent$581
Price-to-rent ratio21.8x

High price-to-rent ratio — renting may be more economical than buying in this market.

composite score

Investment Climate

Investment climateStrong
Composite score70/100
Economic growth100/100
Labor market84/100
Population momentum0/100
Overall stability75/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Honey Grove city, Texas

City/Town

Part of

Bonham, TX

Nearby locations

Windom, TXPetty, TXDodd City, TXPecan Gap, TXRoxton, TX