The Colony is a Denton County city of roughly 45,500 people wedged between Lewisville Lake and the Frisco line, on the Sam Rayburn Tollway. Its median sale price is about $454K against Frisco’s $688K next door, which is most of its appeal - and unlike a lot of value plays, it is not a slow market: homes here average three offers and sell in about 40 days, faster than Frisco does. Two things a buyer must understand. It is in Denton County, not Collin. And its schools are split by address between Lewisville ISD and Little Elm ISD, so the city name tells you nothing about the campus.
The Colony is a Denton County city of roughly 45,500 people wedged between Lewisville Lake and the Frisco line, on the Sam Rayburn Tollway. Its median sale price is about $454K against Frisco’s $688K next door, which is most of its appeal - and unlike a lot of value plays, it is not a slow market: homes here average three offers and sell in about 40 days, faster than Frisco does. Two things a buyer must understand. It is in Denton County, not Collin. And its schools are split by address between Lewisville ISD and Little Elm ISD, so the city name tells you nothing about the campus.
Match your wish list-from walkable districts to gated communities-with these buyer favorites. Mali can share recent closings, HOA nuances, and off-market conversations for each pocket.
A lakeside master-planned golf community on a Lewisville Lake peninsula - zoned to Little Elm ISD, not Lewisville ISD.
An established lakeside neighborhood with its own golf course and Lewisville Lake trails.
A newer, amenity-rich enclave in the Austin Ranch area near the Dallas North Tollway; a mix of attached and single-family homes with resort-style amenities.
A Del Webb 55+ active-adult community with a The Colony lake address - gated, golf-oriented, and age-restricted, a different buyer than the rest of the city.
Understanding The Colony's community composition helps buyers match lifestyle preferences with neighborhood character. The figures below reference recent American Community Survey estimates and city planning reports.
Total Population
45,454
US Census ACS 2024 5-year estimate. A worldpopulationreview 2026 projection puts it near 46,500 - a steadily growing but no longer frontier city.
Population Density
≈3,245 per sq mi
US Census ACS 2024 5-year, on roughly 14 square miles of land - conventional suburban density, with about 13% of the city’s area under water.
Median Household Income
$114,511
US Census ACS 2024 5-year estimate, margin of error ±$6,433. Well below neighboring Frisco, which is much of the affordability story.
Homeownership Rate
59.8%
ACS 2024 - lower than the built-out Collin County suburbs, reflecting The Colony’s larger share of townhomes, attached product and rental communities like Austin Ranch.
Median Age
37.8 years
US Census ACS 2024 5-year estimate (±1.6).
School zones significantly impact home values and buyer decisions. The list below highlights top-performing campuses-Mali can map specific attendance boundaries for your shortlist properties.
High
Lewisville ISD. The city’s comprehensive high school, on Blair Oaks Dr. north of SH-121. Serves most of the city.
Middle
Lewisville ISD, serving The Colony addresses.
Middle
Lewisville ISD, serving The Colony addresses.
Elementary
Lewisville ISD.
Elementary
Lewisville ISD.
Elementary
Lewisville ISD.
Elementary
Lewisville ISD.
Elementary
Lewisville ISD.
Elementary
Lewisville ISD, a STEM-focused campus serving The Colony.
All
Little Elm ISD, K-8. Zones the northwest lake peninsula - The Tribute - which is Little Elm ISD, not Lewisville ISD.
Middle
Little Elm ISD, serving the Tribute peninsula section of the city.
Moving to The Colony means lining up the right vendor team, understanding seasonal weather shifts, and comparing neighborhoods before touring. Mali guides you through scouting trips, remote video tours, and negotiation strategy so your The Colony plan comes together smoothly.
Get a free comparative market analysis to discover what your home is worth in today's The Colony market.
Every North Texas suburb brings unique advantages. Whether you're weighing school ratings, commute times, or neighborhood character, Mali will map your priorities against current market inventory.
Answers to common questions about living, buying, and relocating to The Colony, Texas.
For buyers who want to be next to Frisco without paying Frisco prices, it is one of the strongest answers in the metro. The median sale price is about $454K against Frisco’s $688K, and The Colony sits on the same Sam Rayburn Tollway. The market is genuinely competitive rather than a leftover - homes average three offers and sell in around 40 days, which is faster than Frisco. Median household income is $114,511 (ACS 2024) across roughly 45,500 residents.
Two of them, split by address: Lewisville ISD and Little Elm ISD. Western neighborhoods generally feed Lewisville schools and eastern sections tend to land in Little Elm boundaries, which earns an A rating from the Texas Education Agency. The city name does not tell you the district, so run the exact address through the district’s boundary lookup before you write an offer.
No - The Colony is in Denton County, which surprises buyers who have been shopping the Frisco corridor and thinking in Collin County terms. It changes your appraisal district and tax jurisdictions, so confirm it before you build a budget from comps you gathered elsewhere.
About $454K at the median (Redfin, three months ending May 2026), down 1.9% year over year, at roughly $224 per square foot - which is actually up 2.3% year over year. Those two figures move in opposite directions because the mix of what sold shifted, not because homes got cheaper per foot. It is a competitive market: three offers on average and about 40 days to sell.
Grandscape is a large shopping, dining, and entertainment destination in The Colony that draws visitors from across the metro. It is the city’s regional anchor and a genuine amenity - the kind of thing a suburb of 45,500 would not normally have on its own.
Have more questions about The Colony? Contact Mali at yourealtordfw@gmail.com or call (972) 408-6939.