There are currently 13,054 real estate properties in The Colony, TX, with a median automated valuation model (AVM) price of $345,400.00. 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 $387,187.00, with the most expensive house in The Colony, TX, topping out at $2,392,800.00 and the cheapest home in The Colony, TX, clocking in at $142,900.00. 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 $1,790.00. 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 $1,690.00. 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the The Colony, TX area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in The Colony, TX and much more. Save thousands at closing with home foreclosure listings in The Colony, TX — up to 75% off market value!
The Colony is located in Denton, Texas, with an estimated municipal population of 44,438 residents. All of the best foreclosed homes for sale in The Colony are located in the following zip code areas on Foreclosure.com: 75034 75056. The estimated population per square kilometer (.62 miles) in The Colony is 1,225.
So, about how much do homes cost in The Colony? The most recent median value of resident-owned homes in The Colony is 231,196. An estimated 61.7 percent of households in The Colony own their homes, with an average family size of 3.25. The median household income in The Colony is 87,187, with41.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in The Colony, the median commute time of resident workers (in minutes) is 29.4. And last, but certainly not least, are you looking for homes to rent in The Colony? If so, the average rent price paid by renters in The Colony is 1,399, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to The Colony, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in The Colony is 34.9, split between 49.9 percent male versus 50.1 female. The percentage of residents who report being married in The Colony is 49.5, with an average family size of 3.25.
The percentage of residents who report their race in The Colony is as follows:
|Black / African American||8.9%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near The Colony? Or maybe you are searching for 55+ active adult communities in and/or near The Colony?
The percentage of residents who report their age in The Colony is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in The Colony with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in The Colony.
How do you know that living in -- or moving to -- The Colony is right where you need to be? Perhaps you grew up in The Colony or already live nearby; therefore, the decision to buy a home in The Colony is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to The Colony for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in The Colony:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like The Colony.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in The Colony can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in The Colony, meanwhile, can field multiple offers from more qualified buyers.