The Colony, TX Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

The Colony, TX Housing Market Trends

With 44,534 people, 16,391 houses or apartments, and a median cost of homes of $282,431, The Colony real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in The Colony, accounting for 71.56% of the city's housing units. Other types of housing that are prevalent in The Colony include large apartment complexes or high rise apartments ( 22.86%), row houses and other attached homes ( 4.14%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.24%).

The most prevalent building size and type in The Colony are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.75% owning and 38.25% renting.

There is a lot of housing in The Colony built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in The Colony built between 2000 and later ( 43.72%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.08%).

The Colony Home Appreciation Rates

In the last 10 years, The Colony has experienced some of the highest home appreciation rates of any community in the nation. The Colony real estate appreciated 126.91% over the last ten years, which is an average annual home appreciation rate of 8.54%, putting The Colony in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, The Colony definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, The Colony's appreciation rate, at 14.51%, has been at or slightly above the national average. In the latest quarter, The Colony's appreciation rate has been 6.60%, which annualizes to a rate of 29.11%.

Importantly, this makes The Colony one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Texas, our data show that The Colony's latest annual appreciation rate is higher than 60% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within The Colony differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in The Colony - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best The Colony real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$282,431

The Colony, TX HOME PRICES

> $1,368,000
0.7%
0.7%
$1,025,001 - $1,368,000
0.9%
0.9%
$684,001 - $1,025,000
2.1%
2.1%
$547,001 - $684,000
4.3%
4.3%
$410,001 - $547,000
14.6%
14.6%
$274,001 - $410,000
36.7%
36.7%
$136,001 - $274,000
35.8%
35.8%
$68,001 - $136,000
3.1%
3.1%
$0 - $68,000
1.9%
1.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
16,391

The Colony Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2021 Q2 - 2021 Q3
Last 12 Months:
2020 Q3 - 2021 Q3
Last 2 Years:
2019 Q3 - 2021 Q3
Last 5 Years:
2016 Q3 - 2021 Q3
Last 10 Years:
2011 Q3 - 2021 Q3
Since 2000:
2000 Q1 - 2021 Q3
158.58% 4.46%
8
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,243 / per month

Homeownership Rate

Owners
61.7%
61.7%
Renters
38.3%
38.3%
Vacant
5.4%
5.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
43.7%
43.7%
1970 - 1999
52.9%
52.9%
1940 - 1969
3.1%
3.1%
1939 or Older
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
71.6%
71.6%
Townhomes
4.1%
4.1%
Small Apt. Buildings
1.2%
1.2%
Apt. Complexes
22.9%
22.9%
Mobile Homes
0.1%
0.1%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.8%
1.8%
1 Bedroom
14.2%
14.2%
2 Bedrooms
13.0%
13.0%
3 Bedrooms
44.3%
44.3%
4 Bedrooms
21.8%
21.8%
5 or more bedrooms
4.9%
4.9%
0.0% 100.0%
% OF HOMES