Located in the state of Texas, The Colony is a mid-sized city with a population of 40,757 inhabitants. If we look at the most recent Census, The Colony is known to have a predominantly White population. The next two most common races are Black and Asian. If finding a family friendly city is important to you, look no further. With more than 76% of the population considered married and 56% with kids under the age of 18, The Colony could be considered a very suitable city for families.
Living in The Colony can be a positive experience for anyone moving to the city. Having said that, in the state of Texas, there are many amazing places to live, so choose wisely! To help you find the best places to live in and around The Colony, AreaVibes has created a livability score using key metrics like amenities, crime, employment and more.
The Colony has a livability score of 89/100 and is ranked #37 in Texas and #56 in the USA. Based on this score, The Colony would be considered a very livable city! The Colony is also ranked in the top 10 percentile of all cities across the USA. For each of the livability categories, we can establish that The Colony ranks very well for amenities (A), crime (A+), weather (B-), education (A+) and housing (A+).
Based on the proximity of local amenities like grocery stores, restaurants, coffee shops, parks, librairies, etc., The Colony has received a higher than average score for its local amenities. If you’re planning on relocating and making this area your permanent home, it’s nice to know that there is an ample amount of amenities and things to do within walking distance or a short drive. Here are some of the more popular things to do in The Colony: The Tribute at the Colony, The Golf Club at Castle Hills, and Hawaiian Falls Adventure Park.
Knowing that the The Colony schools rank highly for test scores plays an important factor in deciding if this area is the right place to live. The average school test scores are 79%, which is far higher than the national average.
For buyers, real estate will be the largest purchase they ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their The Colony apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city.
Being close to public transportation, grocery stores, parks and other conveniences are all important when weighing your options for a new home in The Colony. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in The Colony are affordable. Median real estate prices in The Colony come in at $159,400, which is 11.7% higher than the Texas average. The home price to income ratio compares the median home prices to the median household income. In The Colony, the home price to income ratio is 2.2, which is 15.4% lower than the Texas average. Purchasing your new home can come with many financial benefits, some of which are more lucrative than others. Perhaps the most notable benefit could be the appreciation of your new home. Home appreciation rates are a good way to generate tax-free equity on a long term basis. The year over year appreciation rates in The Colony were 6%, and the 5 year appreciation rates came in at 12.5%.