The Colony, TX—75056
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — The Colony, TX
As of Oct '25, the median home price in The Colony, TX is $490,000, with a year-over-year change of -3.8%. This indicates that home prices in The Colony, TX are decreasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $490,000 | -3.8% |
| Single Family | $492,000 | -4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $322,000 | -5.0% |
3 Bed | $368,000 | -5.2% |
4 Bed | $628,000 | -3.2% |
| 5 Bed | $849,000 | -2.5% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — The Colony, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in The Colony, TX is 57. This is a increase of 35.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $614,000 | 11.0% |
Listing Count | 277 | -5.0% |
| Listings as % of Homes | 0.6% | -5.0% |
Days on Market | 57 | 35.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — The Colony, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $490,000 |
| Median Household Income | $117,000 |