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The Colony in the News

Money is Flooding into Oak Lawn

Money is Flooding into Oak Lawn

This past week, Oak Lawn in Dallas has seen notable developments in its real estate landscape. A significant highlight is the proposal by Trademark Property Co. to build a 415-unit luxury apartment complex at 3900 Lemmon Ave. This development, which recently received...

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Oak Lawn’s Skyline is Set to Soar

Oak Lawn’s Skyline is Set to Soar

Exciting times are ahead for Oak Lawn as real estate developer UDR announces that the FAA has given the go-ahead for a stunning 25-story residential tower at 2743 Turtle Creek Blvd (next door to the Mansion). The FAA’s approval was required because the building,...

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The Colony Community Demographics:

The Colony, Texas, situated along the eastern shores of Lake Lewisville and about 30 miles north of downtown Dallas, is a growing city known for its outdoor lifestyle, family-friendly amenities, and vibrant retail and dining scene. Often referred to as the “City by the Lake,” The Colony offers a perfect mix of suburban comfort and urban convenience. Below are key demographic highlights:

Population Overview

Total Population: ~46,000 residents

Median Age: 35 years old

A balanced population of families, young professionals, and retirees.

Diversity:

White (Non-Hispanic): ~60%

Hispanic/Latino: ~25%

Black/African American: ~8%

Asian: ~5%

Other/Mixed: ~2%

Income & Employment

Median Household Income: ~$95,000

Employment:

Key industries include retail, technology, healthcare, and manufacturing.

Many residents commute to nearby employment hubs in Plano, Frisco, or Dallas.

Education

Education Levels:

Bachelor’s Degree or Higher: ~45%

Many residents are skilled professionals and work in managerial or technical roles.

Schools:

Served by the highly regarded Lewisville Independent School District (LISD), known for strong academics and extracurricular programs.

Proximity to higher education institutions like Collin College and University of North Texas.

Housing Market

Median Home Value: ~$400,000

Average Rent: ~$1,800–$2,800 per month for rental homes and apartments.

Homeownership vs. Renting:

Homeowners: ~65%

Renters: ~35%, including young professionals and families in transition.

Housing Types:

A mix of single-family homes, modern townhomes, and luxury apartments.

Popular neighborhoods include Stewart Peninsula, The Tribute, and Austin Ranch.

Lifestyle & Amenities

Outdoor Recreation:

Lake Lewisville: Offers boating, fishing, swimming, and hiking trails, making it a haven for outdoor enthusiasts.

Hawaiian Falls Waterpark: A favorite for family fun during the summer.

The Tribute Golf Club: A premier golf course with scenic views of the lake.

Shopping & Dining:

Grandscape: A massive mixed-use development featuring top-tier dining, entertainment, and shopping, including Nebraska Furniture Mart and Andretti Indoor Karting & Games.

A variety of restaurants offering diverse cuisines, from casual eats to fine dining.

Parks & Trails:

Over 3,000 acres of parkland, including Bill Allen Memorial Park and the extensive Shoreline Trail.

Transportation

Proximity: Conveniently located along SH 121, providing quick access to Plano, Frisco, and DFW International Airport (~25 minutes).

Public Transit: Limited, but ride-sharing services are common.

Commuter-Friendly: Easy access to major highways and nearby business districts.

Community & Culture

Family-Oriented: Known for its safe neighborhoods, excellent schools, and strong community spirit.

Events & Festivals: Hosts popular events like the American Heroes Festival and Liberty by the Lake.

Pet-Friendly: Parks, trails, and pet-friendly restaurants cater to animal lovers.

Notable Statistics

Marital Status:

Married: ~60%

Single: ~30%

Other: ~10%

Household Composition:

Average household size: 3.1 people.

A mix of families, young couples, and professionals.

Key Highlights

Outdoor Lifestyle: Proximity to Lake Lewisville and abundant parks makes The Colony perfect for outdoor enthusiasts.

Grandscape Appeal: A top-tier shopping and entertainment destination that draws visitors from across the region.

Growing Economy: Close to major employment hubs in North Texas, with ongoing residential and commercial development.

Family-Friendly Living: Excellent schools, safe neighborhoods, and plenty of recreational opportunities for families.

The Colony offers a high quality of life with its lakeside living, vibrant amenities, and family-oriented community. Whether you’re looking for a peaceful retreat by the lake or a modern home close to dining and entertainment, The Colony is a thriving city with something for everyone.