There are currently 13,054 real estate properties in THE COLONY, TX, with a median automated valuation model (AVM) price of $417,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in THE COLONY, TX, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in THE COLONY, TX, is $488,855.00, with the most expensive house in THE COLONY, TX, topping out at $2,789,400.00 and the cheapest home in THE COLONY, TX, clocking in at $143,200.00. In other words, there’s something for every potential homebuyer or savvy investor in THE COLONY, TX!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in THE COLONY, TX, is on a rollercoaster ride. The average rent price in THE COLONY, TX, is $1,796.00. Indeed, when looking to rent in THE COLONY, TX, you can expect to pay as little as $800.00 or as much as $3,820.00, with the average rent median estimated to be $1,680.00. The good news is that finding an affordable and desirable property to rent in THE COLONY, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
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