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The Colony in the News

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.