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 cheapest way to live next to Frisco, on the same tollway, with the lake on the other side.
Median sale price ≈$454K (Redfin, three months ending May 2026), down 1.9% year over year, at ≈$224/sq ft - which is up 2.3% YoY. Those move in opposite directions because the mix shifted, not because homes got cheaper per foot. Homes average 3 offers and ~40 days on market. Approximate; ask for current comps by neighborhood with an as-of month.
The Sam Rayburn Tollway (SH-121) is the spine, running 26 miles from near the Dallas/Denton county line at Lewisville Lake northeast to US-75 in Collin County, with a five-level stack interchange at the Dallas North Tollway. That combination is the city's real asset: the Frisco and Legacy employment corridors are a short hop east on the tollway, and the SRT is also the link to DFW International Airport. The trade-offs are the usual ones for this part of the metro - the routes are tolled, and there is no rail.
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