The Colony, TX 75056 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

The Colony, TX—75056

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$491,000

4.6% YoY Growth

Household Income

$117,000

32.8% YoY Growth

Days on Market

8.0% Longer YoY

Home Price Forecast

-1.6%

Median Rent

$1,790

1.5% YoY Growth

1-Bed Rent

$1,480

1.3% YoY Growth

2-Bed Rent

$1,920

1.0% YoY Growth

3-Bed Rent

$2,400

2.3% YoY Growth

Home Price Trends — The Colony, TX

As of May '26, the median home price in The Colony, TX is $491,000, with a year-over-year change of -4.6%. This indicates that home prices in The Colony, TX are decreasing. According to Zillow, the 1-year price projection is -1.6%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$491,000	-4.6%
Single Family	$493,000	-4.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — The Colony, TX

As of July '25, Rentcast reports the average rent in The Colony, TX is $1,980, with a year-over-year rent change of -1.5%. Per bedroom, the median rent as of July '25 in The Colony, TX is studios: $1,380, 1-bedrooms: $1,500, 2-bedrooms: $2,000, 3-bedrooms: $2,540, 4-bedrooms: $3,290. The most common rental property sizes in The Colony, TX are 1-bedroom and 2-bedroom, accounting for 43.6% and 25.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,790	$1,980
Studio Rent	$1,380	$1,380
1 Bed Rent	$1,480	$1,500
2 Bed Rent	$1,920	$2,000
3 Bed Rent	$2,400	$2,540
4 Bed Rent	$3,100	$3,290

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% of Rental Stock

Studio

6.4%

1 Bedroom

43.6%

2 Bedrooms

25.4%

3 Bedrooms

19.3%

4 Bedrooms

5.1%

5+ Bedrooms

0.2%

Property Listings — The Colony, TX

As of May '26, Realtor.com reports that the median days on market for a home in The Colony, TX is 36. This is a increase of 8.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 37.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$599,000	-8.0%
Listing Count	283	-11.0%
Listings as % of Homes	0.6%	-11.0%
Days on Market	36	8.0%

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Demographics — The Colony, TX

As of the latest ACS Survey released in 2023, The Colony, TX has a population of 68,000, which has increased by 14.8% over the past 5 years. The Colony, TX is a moderately popular place for families, as children make up 21.1% of the population. The area has a highly educated workforce, with 53.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	68,000	14.8%
% Under 18	21.1%	-14.2%
% Seniors	9.5%	41.8%
% WFH	23.9%	256.7%
% w/ College Degree	53.5%	20.8%

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As of the latest ACS Survey released in 2023, The Colony, TX is a predominantly white area, with 48.7% of the population identifying as white. The white population has shrunk by 12.3% in the last 5 years. The second most common race or ethnicity in The Colony, TX is hispanic, making up 18.0% of the population. Foreign-born residents account for 18.7% of the population in The Colony, TX, and this percentage has increased by 6.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	48.7%	-12.3%
% Black	10.1%	14.8%
% Hispanic	18.0%	-12.2%
% Asian	16.9%	31.0%
% Foreign Born	18.7%	6.2%

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Mortgage and Risk — The Colony, TX

According to HUD data as of 2023, there were 243 mortgage originations in The Colony, TX, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in The Colony, TX. Investor activity is low, as 5.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	243
% Conventional Loans	78.0%
% Government Loans	22.0%
% Investor Loans	5.0%
% Second Loans	0.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — The Colony, TX

As of 2024, the percent of homes in The Colony, TX under the Section 8 program is 1.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In The Colony, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	184
Total Units Section 8	184
% Rentals under Section 8	1.8%
% Occupied Section 8	75.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$340	$1,480	$1,820
2 Bedroom	$210	$1,920	$2,130
3 Bedroom	$270	$2,400	$2,670
4 Bedroom	$330	$3,100	$3,430

The Colony, TX—75056

Key Metrics at a Glance

Home Price Trends — The Colony, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — The Colony, TX

% of Rental Stock

Property Listings — The Colony, TX

Demographics — The Colony, TX

Race and Ethnicity

Mortgage and Risk — The Colony, TX

Mortgages

Rentals and Section 8 — The Colony, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — The Colony, TX

Home Price to Income Ratio

The Colony, TX — ZIP Code Boundary Map

Nearby ZIP Codes

Carrollton, TX

Frisco, TX

Carrollton, TX

Lewisville, TX

Frisco, TX

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.3
Median Home Price	$491,000
Median Household Income	$117,000

The Colony, TX—75056

Key Metrics at a Glance

Home Price Trends — The Colony, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — The Colony, TX

% of Rental Stock

Property Listings — The Colony, TX

Demographics — The Colony, TX

Race and Ethnicity

Mortgage and Risk — The Colony, TX

Mortgages

Rentals and Section 8 — The Colony, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — The Colony, TX

Home Price to Income Ratio

The Colony, TX — ZIP Code Boundary Map

Nearby ZIP Codes

Carrollton, TX

Frisco, TX

Carrollton, TX

Lewisville, TX

Frisco, TX

Frequently Asked Questions

What is the average home price in The Colony, TX 75056?

How have home prices in The Colony, TX 75056 changed over the past year?

What is the home price projection for The Colony, TX 75056?

What are the demographics of The Colony, TX 75056?

How long does it take homes to sell in The Colony, TX 75056?

What is the average rent price in The Colony, TX 75056?