The Colony at a Glance

The Colony is a North Texas city in Denton County located along the eastern shore of Lewisville Lake. It has developed from a planned residential community into a major mixed-use destination with residential neighborhoods, corporate campuses, shopping, restaurants, sports, entertainment and lake recreation.

The city’s official tourism resource highlights its location in the heart of North Texas, Lewisville Lake, and Grandscape as major attractions. The official Visit The Colony guide is a useful starting point for visitors.

Population figures: U.S. Census Bureau QuickFacts.

Location & Regional Access

The Colony sits in the northern portion of the Dallas-Fort Worth metroplex, with convenient access to major North Texas employment and entertainment centers. Its location near the Dallas North Tollway, Sam Rayburn Tollway and Lewisville Lake places it within the larger North DFW growth corridor.

For official municipal information, planning documents, public notices and city services, visit the City of The Colony.

A Brief History of The Colony

The Colony’s name and early development are tied to the area’s settlement history and the planned community established in the late 1970s. The city grew alongside the development of North Texas and the creation and expansion of Lewisville Lake as a major regional recreation resource.

The modern city has increasingly shifted from simply adding new residential subdivisions toward redevelopment, mixed-use activity and infill. That transition is important for anyone studying The Colony as a long-term real-estate market.

Historical and visitor information is available through Visit The Colony’s official About The Colony page.

Population & Demographics

The U.S. Census Bureau estimated The Colony’s population at 46,196 in 2025, compared with 44,534 in the 2020 Census. That represents roughly 3.7% growth over the five-year period.

The city’s household-income profile is also relevant to real-estate professionals. Census QuickFacts reports median household income of $114,511 for the latest available period shown in its current profile.

Always check the current Census QuickFacts profile for the latest estimates and definitions because Census measures are updated on different schedules.

Things to Do in The Colony

The Colony is especially well suited to visitors who want a mix of shopping, restaurants, entertainment, sports and outdoor recreation without leaving the North DFW area.

For attractions, events, restaurants, retail and visitor information, use the official Visit The Colony tourism site.

Grandscape: A Major Economic & Lifestyle Anchor

Grandscape is one of the most important mixed-use developments in The Colony. It combines restaurants, shopping, entertainment and large destination attractions and has helped change how the city is perceived across North Texas.

The city identifies Grandscape and major first-to-market attractions as important components of its development strategy. The city’s planning department specifically highlights projects and tenants including Nebraska Furniture Mart, SCHEELS, Andretti, Galaxy Theatres, Cosm, PopStroke, Gas Monkey Garage, WorldSprings and Fritz’s Adventure.

See the City of The Colony Planning and Development Department for current planning information.

Lewisville Lake & Outdoor Recreation

Lewisville Lake is one of The Colony’s most important geographic features. The lake provides opportunities for boating, fishing, parks and outdoor recreation and gives the city a lifestyle component that is difficult to replicate in purely inland suburban neighborhoods.

Visit The Colony provides current visitor information about the lake and area attractions through its official tourism resources.

Why lake access matters to home buyers

• Outdoor recreation can be a major lifestyle consideration.
• Water-adjacent and golf-course communities can have very different pricing from nearby conventional subdivisions.
• Views, proximity, access and actual water frontage should be evaluated separately.
• Floodplain, drainage, HOA and maintenance considerations can matter for individual properties.

Shopping, Dining & Entertainment

The Colony has an unusually broad concentration of destination retail and entertainment for a city of its size. Grandscape is the best-known example, but the broader area includes restaurants, specialty retail, grocery stores, sporting attractions and family entertainment.

Notable destination-oriented developments and attractions identified by the city include Nebraska Furniture Mart, SCHEELS, Andretti, Galaxy Theatres, Cosm, PopStroke, Gas Monkey Garage, WorldSprings and Fritz’s Adventure.

Current development information is available from the City of The Colony Planning Department, while visitor-focused information is available through Visit The Colony.

Hotels & Staying in The Colony

The Colony has lodging options positioned around its entertainment districts, business areas and regional transportation network. Visitors choosing the city as a base can combine Grandscape and Lewisville Lake activities with easy access to Frisco, Plano, Carrollton, Lewisville and the wider DFW area.

Because hotel inventory, rates and availability change frequently, visitors should check current properties and rates rather than relying on a static city guide.

The official tourism website is a useful starting point for visitor planning.

Schools & Education

School assignments in The Colony can vary by location, so buyers should verify the exact attendance boundary for a specific property rather than relying on a citywide assumption.

When evaluating a home, check the property’s current school assignment, enrollment information, transportation options, academic programs and boundary changes directly with the applicable school district.

Transportation & Connectivity

The Colony benefits from its location within the North DFW transportation network. The Dallas North Tollway and Sam Rayburn Tollway are especially important for regional travel, while nearby communities provide access to additional employment and commercial centers.

Practical commute considerations

• Travel times vary substantially by time of day.
• Access to toll roads can be an important consideration for commuters.
• New development can change traffic patterns even when a property itself is unchanged.
• Buyers should test actual commute routes during their normal work hours.

For current city projects affecting streets and infrastructure, consult the City of The Colony Construction Project Updates.

2026 The Colony Real Estate Market

The Colony’s 2026 housing data shows a market with more choice than the extremely tight conditions seen during the peak pandemic-era housing cycle. However, different real-estate platforms report different figures because they use different datasets, geographic definitions and update schedules.

Market sources: Zillow, Redfin and Realtor.com. Figures can differ because each platform uses a different methodology and update cycle.

What the numbers suggest

• Inventory and available listings provide buyers with more opportunities to compare properties.
• Median prices vary considerably depending on the dataset and whether the measure is sale price, list price or estimated home value.
• Not every neighborhood is moving in the same direction.
• Pricing strategy, condition, photography, presentation, location and property-specific features can have a significant impact on days on market and final sale price.

What The Colony Home Buyers Should Know

Buyers should evaluate The Colony at the neighborhood and property level rather than relying only on the citywide median.

Key questions for buyers

• How close is the property to Grandscape, Lewisville Lake, toll roads and major employment centers?
• What is the home’s actual condition and how much updating is required?
• What are the HOA fees, restrictions and amenities?
• Does the property have lake, golf-course or other location premiums?
• What are the current property taxes and insurance costs?
• Has the home experienced previous flooding, drainage issues or insurance claims?
• Are nearby road, drainage or development projects planned?
• What comparable homes have actually sold recently?

Neighborhood-level pricing matters

Zillow’s current neighborhood estimates demonstrate how wide the range can be inside The Colony. Examples include Garza Lake Estate at about $319,511, Northpointe at about $388,930, Ridgepointe at about $468,956, Stewart Peninsula at about $498,336, The Legends at about $460,593, Heritage Lakes at about $640,601, Tribute at about $750,517 and Wynnwood Haven Estates at about $808,538.

These are neighborhood-level Zillow estimates, not appraisals or guaranteed sale prices. Review the current Zillow The Colony housing market page before using the figures.

What The Colony Home Sellers Should Know

The 2026 data makes accurate pricing and presentation particularly important. Redfin reported a 98.0% median sale-to-list ratio in August 2026, while Zillow reported that 68.9% of sales were below list price in its latest available period.

Presentation is part of the marketing strategy

• Professional HDR photography helps accurately show rooms, finishes and natural light.
• Aerial photography can explain lot size, location, neighborhood context and nearby amenities.
• Video gives prospective buyers a better sense of flow and lifestyle.
• 360-degree tours allow buyers to explore remotely before scheduling a showing.
• Floor plans can help buyers understand room relationships and usable space.

For sellers and agents, these tools are especially useful when a listing competes against dozens or hundreds of other available properties.

Neighborhoods & Housing Areas

The Colony contains a wide mix of housing, from established neighborhoods to newer and higher-priced communities. The market can vary sharply by subdivision, lot, construction era, amenities and proximity to the lake or major attractions.

Neighborhood estimates are illustrative Zillow ZHVI figures and can change. See the current Zillow market page for updated values.

New & Planned Development

The Colony is moving through an important development phase. The city’s planning department describes a community that has become a major DFW destination while continuing to manage long-range planning, redevelopment and gateway areas.

Costco at Grandscape

A new Costco warehouse is coming to The Colony at 6060 Grandscape Blvd. Costco’s official location page lists an opening date of October 16, 2026 and identifies the facility as a warehouse coming soon.

View the official Costco The Colony page.

Jefferson Grandscape II

JPI announced Jefferson Grandscape II, a 277-unit Class A+ multifamily development in The Colony. JPI reported that construction broke ground in April 2026 and anticipated opening in January 2028.

Read JPI’s official Jefferson Grandscape II announcement.

City planning and redevelopment

The city’s planning department highlights long-range planning, the Comprehensive Plan and Gateway Overlay District guidelines. These tools are important because The Colony is increasingly dealing with redevelopment, infill and mixed-use opportunities rather than only greenfield residential expansion.

See the City Planning Department and Comprehensive Plan.

Coming Years: What to Watch

The most useful way to think about The Colony’s future is through identifiable development and planning activity rather than unsupported home-price predictions.

The city’s Comprehensive Plan describes a community transitioning toward redevelopment and infill, with goals involving mixed-use centers, housing diversity, business centers, parks, trails and lakeside development.

Infrastructure & City Construction Projects

Infrastructure is one of the less visible factors that can affect a property’s marketability. The Colony publishes construction updates covering street, drainage, erosion and utility work.

Current city construction information includes projects affecting roads and drainage, with some work extending into 2027. Because schedules can change, use the city’s current project page for the latest information.

View City of The Colony Construction Project Updates.

Why infrastructure matters to buyers and sellers

• Road work can temporarily affect access and traffic.
• Drainage projects can be important when evaluating flood and stormwater conditions.
• New utilities can support future development.
• Construction activity can change neighborhood noise, views and traffic patterns.

Why The Colony Matters to DFW Real Estate Professionals

For a real estate agent or broker, The Colony is more than another North Texas suburb. It combines established housing, higher-end golf and lake communities, large-scale commercial destinations, multifamily development, major transportation routes and ongoing redevelopment.

Listing strategy

Listings in The Colony should make location understandable. A strong marketing package can show the property itself while also explaining proximity to Lewisville Lake, Grandscape, golf, restaurants, toll roads and other relevant amenities.

Buyer education

Buyers often benefit from neighborhood-specific comparisons rather than a single citywide median. Agents can use recent comparable sales, active inventory, days on market, property condition and subdivision-level information to explain pricing.

Investment analysis

Investors should examine acquisition price, taxes, insurance, HOA costs, rent, maintenance, vacancy, financing and local rental competition. Realtor.com currently reports a median rent of $1,878 per month for The Colony, but individual properties can differ substantially.

Professional listing media

Frequently Asked Questions About The Colony, Texas

Where is The Colony, Texas?

The Colony is in Denton County in the northern Dallas-Fort Worth metroplex, along Lewisville Lake and near Frisco, Plano, Carrollton and Lewisville.

What is The Colony known for?

The city is particularly known for Lewisville Lake, Grandscape, destination shopping and entertainment, golf communities and its location in the North DFW growth corridor.

How many people live in The Colony?

The U.S. Census Bureau estimated the 2025 population at 46,196, compared with 44,534 in the 2020 Census.

What is the median home price in The Colony?

There is no single universal median because real-estate websites use different datasets and reporting periods. Redfin reported a $443,207 median sale price for August 2026, while Realtor.com reported a $509,500 median listing price in its September 2026 market data. Zillow reported a $399,293 typical home value through August 31, 2026.

How many homes sold in The Colony in 2026?

Redfin reported 164 homes sold in August 2026. This is a monthly figure, not a complete 2026 year-to-date total.

Is The Colony still developing?

Yes. The city continues to see commercial, multifamily and redevelopment activity. Examples include the new Costco at Grandscape, Jefferson Grandscape II and continued planning for redevelopment and infill.

Is Grandscape in The Colony?

Yes. Grandscape is a major mixed-use entertainment, shopping and dining destination in The Colony.

What should buyers check before purchasing a home?

Buyers should verify comparable sales, property condition, taxes, insurance, HOA information, school assignment, flood/drainage conditions, planned infrastructure and nearby development.

What should sellers do to market a home in The Colony?

Professional photography, aerial imagery, video, floor plans and 360-degree tours can help buyers understand the property and its location before scheduling a showing.

Official Sources & Current Reference Resources

The following sources were used to build and update this guide. External reference links open in a new browser tab.

Data note: Real-estate figures are time-sensitive and can change after publication. Zillow, Redfin and Realtor.com may report different values because their datasets, geographic definitions and update schedules differ. Always verify current MLS data, public records, city planning documents and official project information before making a transaction or investment decision.