The Colony, Texas Information
With a city name that harks back its rustic heritage to the land ownership rights of the Republic of Texas, the Colony is an enterprising city with vast room for property development. Nicknamed the ‘city by the lake’ for its picturesque views of Lewisville lake reflecting the dazzling city lights of Dallas at night, the city enjoys a quieter and homey suburban vibe from the bustling metropolis. Known for its spectacular nature and recreational activities, residents can explore outstanding sport facilities, fishing, hiking, cycling, water parks, aquatics, and golf. The city received reputable commendation from Sports Illustrated for being the number one sports town in Texas. Tied to upward city wealth trends, families reaped a median household income of $73,830 between 2012-2016 – 25 % higher than the U.S. national median of $55,322.
The Colony, Texas Details
U.S. census statistics from 2016 estimate the town’s population to be 42,408 with near 60% population growth from the year 2000 and a median home value of $248,525. The approximate median price of homes sold is just a bit higher at $253,300 while the median rental price is $1,790. Education is also a primal attribute for residents. 95% of adults hold a high school diploma with over 30% holding an accredited university degree or higher. The town’s employment distribution comprises of 87.5 % of white collar professions who work in administration, sales, and management.
Despite a primarily white Caucasian population, the city has some ethnic diversity. 20 % of residents identify themselves as having Hispanic origin, while 10 % belong to African-American and 5 % Asian descent.
Spreading out over 80 acres of land is the notable 5 star athletic complex, an impressive high-tech sports facility with 15 separate sports fields including baseball, softball, soccer, and football. The recreational complex caters not only to sport seekers, but also people looking to stay fit with some aerobic exercise. Mile-long hike and bike trails weave around the many child playground parks. Intuitively built to shield the heat, many public venues have pavilions and protective wrap-around porches for spectators and participants to stay cool in the shade.
The Colony hosts an attractive scenic location in a community-friendly town – ideal for outdoorsy nature-seekers and opportunist shoppers. Families can enjoy fishing and boating on the beautiful waters of Lewisville lake and hike along the deep forest-covered trails of Arbor Hills Nature Preserve. This 200-acre park provides convenient amenities for families – including 3 miles of paved and unpaved hiking as well as three miles of mountain biking, rest rooms, and a playground. For children, the town has built numerous parks, water slides, and playgrounds such as Hawaiian Falls and Stewart Creek Park. In the summer, families can have fun sliding down the Hawaiian water tubes and enjoy the year-round indoor swimming pool at The Colony Aquatic Park.
For golf enthusiasts, the town hosts several award-given courses with amazing views over Lewisville lake. Taking a step back to see the traditional classic architecture of golf history, the Old American Golf Club hosts a country farm-like course with old bridges, dusty lanes, and meadows. The Tribute Gold Links and Guest House is also a place for all skill levels and takes a Scottish twist to an elegant rolling-green course.
At night, live music venues also play frequently at Lava Cantina, a concert stadium with an eclectic taste in music from local to international artists. The high-tech venue space hosts over 28,000 square feet with VIP seat options, indoor and outdoor stage halls, and different levels. Families can also team up for a competitive game of laser tag at LaserTag DFW or swing for a prize at TopGolf.
Austin Ranch, an emerging construction plan, is a recent addition to bring 1700 acres of land near North Dallas Tollway under a modern community of chic apartments, condominiums, homes, and businesses. Adjacent to this promising building site is the Grand Scape – a 433 acre commercial center of retail stores, entertainment, hotels, and office spaces funded by Nebraska Furniture Mart. This mega store is a viable option for one day shoppers perusing a myriad supply of items ranging from electronics, carpeting, appliances and tools. With nearly 2 million square feet of ware house storage and sales space, the store allows for efficient shopping – thanks to its instant drive-through purchase, pick up, and delivery system. Spread out over 400 acres of land, this retail marvel has delivered an economic boom – creating more jobs and city revenue. Although still ongoing, these building projects are already attracting thousands of residents to thrive in their teeming plaza spaces and shopping markets.
Overall, moving to the Colony is becoming a popular choice for families looking to share a rich and diverse outdoor landscape with exciting attractions, affordable home prices, and convenient shopping opportunities.
The Colony Property Management
Our property management team specializes in residential areas throughout The Colony, TX. We offer multiple services to take your rental property and convert it into reliable income. We have a thorough screening process that helps to identify the right tenants for your property. Our team works hard to keep both parties happy through effective communication, bullet proof lease agreements, and timely monthly rent collection. We offer maintenance services to enhance the property and ensure that it will retain or increase in value. We oversee everything, allowing you to sit back and relax and know that your property and your tenants are in good hands.
Contact us today if you are ready to receive a comprehensive analysis of your rental property and to inquire about our The Colony area property management services.
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