In The Colony, a typical home is worth $383,900 and typical rent is $1,958 a month. Compared with all of Denton County, typical rent is 13% higher, the typical home value is 12% lower, and the share of households that own their home is 6 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $346,763 to $395,343.
Typical rent
$1,822a month
▼ 0.8% less than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $1,688 to $1,822.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
The Colony is in Denton County. The FHA loan limit ($563,500 for a one-unit home), the fair market rents and the help on this page are those of all of Denton County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Lake Dallas, the typical home value is $269,000: 30% less than in The Colony ($383,900).
2
Nearby, in Lake Dallas, the typical rent is $1,519: 22% less than in The Colony ($1,958).
3
60% of households in The Colony own their home, against 65% in Denton County.
4
The Colony has the 32nd smallest share of rent-burdened renters of the 356 cities in Texas with more than 5,000 people (39%).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in The Colony
What homes there are in The Colony, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
The Colony
Denton County
Texas
United States
Kind of home: The Colony and its comparisons
Measure
The Colony
Denton County
Texas
United States
Detached house
68%
69%
64%
61%
Attached house
6%
3%
3%
6%
Building of 2 to 4
Unreliable estimate
4%
5%
8%
Apartments (5 or more)
23%
22%
21%
19%
Mobile home
Unreliable estimate
2%
6%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
As in Denton County, most homes in The Colony are detached houses (68%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
The Colony
Denton County
Texas
United States
Year built: The Colony and its comparisons
Measure
The Colony
Denton County
Texas
United States
Before 1960
Unreliable estimate
3%
12%
26%
1960–1979
20%
10%
21%
24%
1980–1999
26%
31%
28%
25%
2000–2009
24%
25%
18%
14%
2010 or later
29%
33%
21%
11%
By age, homes in The Colony look like those in Denton County: the typical year built is 2001.
In The Colony, 68% of homes have 3 bedrooms or more, about the same as in Denton County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K3%
$200K–$300K21%
$300K–$500K45%
$500K–$750K19%
$750K–$1M7%
$1M or moreUnreliable
Value of owner-occupied homes: The Colony and its comparisons
Measure
The Colony
Under $100K
Unreliable estimate
$100K–$200K
3%
$200K–$300K
21%
$300K–$500K
45%
$500K–$750K
19%
$750K–$1M
7%
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,49915%
$1,500–$1,99936%
$2,000–$2,49931%
$2,500–$2,99911%
$3,000 or more5%
Monthly rent with utilities: The Colony and its comparisons
Measure
The Colony
Under $500
Unreliable
$500–$999
Unreliable estimate
$1,000–$1,499
15%
$1,500–$1,999
36%
$2,000–$2,499
31%
$2,500–$2,999
11%
$3,000 or more
5%
With a mortgage
$2,428 a month
Denton County: $2,676 a month
Without a mortgage
$1,007 a month
Denton County: $1,045 a month
Owners with a mortgage
72%
Denton County: 71%
The typical cost for an owner with a mortgage in The Colony is $2,428 a month, less than in Denton County ($2,676); without one, $1,007.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
The Colony+66%
Denton County+57%
Texas+65%
United States+53%
Typical rent
The Colony+40%
Denton County+42%
Texas+34%
United States+33%
Typical household income
The Colony+31%
Denton County+28%
Texas+27%
United States+29%
Change since 2015–2019: The Colony and its comparisons
Measure
The Colony
Denton County
Texas
United States
Typical home value
+66%
+57%
+65%
+53%
Typical rent
+40%
+42%
+34%
+33%
Typical household income
+31%
+28%
+27%
+29%
The typical home value in The Colony rose 66% since 2015–2019, more than in Denton County (57%).
Much as in Denton County, the typical rent in The Colony rose 40% since 2015–2019.
The typical household income in The Colony rose 31%: less than home values (+66%) and rent (+40%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: The Colony and its comparisons
Measure
The Colony
Denton County
Texas
United States
Rental vacancy
Unreliable estimate
4.8%
7.7%
5.5%
Homeowner vacancy
Unreliable estimate
0.7%
1.1%
0.9%
More than one person per room
Unreliable estimate
2.9%
4.8%
3.4%
People per household
2.44
2.68
2.69
2.53
Drive alone
68%
66%
71%
69%
Carpool
6%
8%
10%
9%
Public transit
Unreliable estimate
0%
1%
3%
Walk or bike
Unreliable estimate
1%
2%
3%
Work from home
24%
24%
14%
15%
Other means
Unreliable estimate
2%
2%
2%
Typical commute
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Households in The Colony are smaller: 2.44 people on average; in Denton County, 2.68.
To get to work, 68% of workers in The Colony drive alone; in Denton County, 66%.
Do the math
What would you pay each month for a home in The Colony?
A typical home is tight for the typical income
We start with a typical home in The Colony, worth $383,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 36% of the typical household income in The Colony, which is $114,511 a year. For that payment to be 28% of income, a household would need to earn about $147,016 a year.
The calculator's FHA and conventional loan limits are those of all of Denton County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in The Colony. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $13,437 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$3,430
at 7.18% · 30 years
Loan amount
$376,946
Total interest
$542,337
Paid off in
November 2056
Includes $6,483 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,672 a month
Tight
$2,672 to $3,435 a month
Your payment · 36%
Hard
more than $3,435 a month
Compared with the typical household income in The Colony ($114,511 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,554
Property tax
$547
Home insurance
$160
FHA mortgage insurance (MIP)
$170
You need at least $13,437 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $3,430; principal and interest $2,554.
The city and its county
The Colony and Denton County
The Colony is in Denton County, Texas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
The Colony
Map of Denton County, Texas, with The Colony marked. Around it, the neighboring counties.
The Colony
Denton County
Other cities with a page
The Colony's own numbers
Typical home value
$383,900
Typical monthly rent
$1,958
Typical yearly household income
$114,511
Households that own their home
60%
Effective property tax rate
1.71%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Denton County
FHA limit, one-unit home
$563,500
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,807
Price change over 5 years (FHFA)
+46%
Homes in a high flood-risk zone
0.8%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Denton County.
A typical home in The Colony is worth $383,900: 12% below the county and 35% above Texas. With the typical household income in The Colony ($114,511 a year), a typical home costs 3.4 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
The Colony3.4 years
Denton3.9 years
Texas3.6 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Denton County
According to FHFA’s house price index, home prices in Denton County rose 101% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Denton County.
Yearly change in FHFA’s price index in Denton County, 2016 to 2025
2016: +9.9% +9.9% 2016
2017: +10.2% +10.2% 2017
2018: +7.0% +7.0% 2018
2019: +3.8% +3.8% 2019
2020: +2.6% +2.6% 2020
2021: +14.0% +14.0% 2021
2022: +21.4% +21.4% 2022
2023: +4.1% +4.1% 2023
2024: +2.0% +2.0% 2024
2025: −0.9% −0.9% 2025
Change in FHFA’s price index in Denton County, Texas and the United States
Period
County
Texas
U.S.
Last year (2025)
−0.9%
+0.8%
+2.9%
5 years (2020–2025)
+46%
+44%
+47%
10 years (2015–2025)
+101%
+88%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
The Colony next to Denton County, Texas and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
The Colony$383,900
Denton$437,200
Texas$283,800
United States$332,700
Typical monthly rent
The Colony$1,958
Denton$1,728
Texas$1,403
United States$1,413
Typical yearly household income
The Colony$114,511
Denton$111,498
Texas$78,476
United States$80,734
See the full table
The Colony next to Denton County and Texas
Measure
The Colony
Denton County
Texas
U.S.
Typical home value
$383,900 ▼12% below the county
$437,200
$283,800
$332,700
Typical monthly rent
$1,958 ▲13% above the county
$1,728
$1,403
$1,413
Typical yearly household income
$114,511 ▲3% above the county
$111,498
$78,476
$80,734
Households that own their home
60% ▼6 points below the county
65%
63%
65%
Typical yearly property tax
$6,551 ▼7% below the county
$7,055
$4,232
$3,119
Effective property tax rate
1.71% ▲0.1 points above the county
1.61%
1.49%
0.94%
Renters with high rent for their income
39% ▼12 points below the county
51%
52%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Denton County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in The Colony
For a typical $383,900 home in The Colony, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, The Colony's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$3,430a month
Least cash to close
Down payment
$13,437
Cash to close
$24,954
Rate
7.18%
Mortgage insurance
FHA MIP · $170
Conventional, 5% down$3,360a month
Down payment
$19,195
Cash to close
$30,712
Rate
7.18%
Mortgage insurance
PMI · $182
Conventional, 20% down, no PMI$2,788a month
Down payment
$76,780
Cash to close
$88,297
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$3,142a month
Down payment
$57,585
Cash to close
$69,102
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in The Colony
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$3,430
$13,437
$376,947
7.18%
FHA MIP · $170
$24,954
580
Conventional, 5% down
$3,360
$19,195
$364,705
7.18%
PMI · $182
$30,712
620*
Conventional, 20% down, no PMI
$2,788
$76,780
$307,120
7.18%
None
$88,297
620*
ITIN, 15% down (example)
$3,142
$57,585
$326,315
8.18%
None
$69,102
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in The Colony is $1,958 a month: 13% above the county. In The Colony, 39% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Denton County, by unit size. To pay the 2-bedroom one ($1,807 a month) without spending more than 30% of your income, you would need to earn $34.75 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Denton County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,491
$28.67
$59,640
1 bedroom
$1,536
$29.54
$61,440
2 bedrooms
$1,807
$34.75
$72,280
3 bedrooms
$2,275
$43.75
$91,000
4 bedrooms
$2,892
$55.62
$115,680
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in The Colony
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). The Colony is in ZIP code 75056.
For 2 bedrooms it is $2,100: $293 more than the fair market rent for Denton County ($1,807).
Fair market rent by ZIP code and size in The Colony, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
75056
$1,730
$1,780
$2,100
$2,640
$3,360
ZIP code2 bd3 bd
75056 $2,100$2,640
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for The Colony when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Denton County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for The Colony or Denton County. The ones below are statewide in Texas: they work in The Colony the same as in the rest of the state.
Texas state program for first-time buyers: a 30-year mortgage with down payment assistance.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state program with down payment assistance for any buyer, not only first-time buyers.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state certificate that turns part of your mortgage interest into a credit on your federal tax return.Offered by Texas Department of Housing and Community Affairs (TDHCA).
No legal help resource on our list is for The Colony or Denton County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for The Colony and all of Denton County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in The Colony?
The typical home value in The Colony is $383,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Denton County it is $437,200.
How much does it cost to rent in The Colony?
Typical rent in The Colony is $1,958 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Denton County is $1,807.
What is the FHA loan limit in The Colony?
The Colony uses the FHA limit for all of Denton County (2026): $563,500 for a one-unit home and $1,083,650 for a four-unit home.
How much property tax do owners pay in The Colony?
The typical homeowner in The Colony pays $6,551 a year, according to the U.S. Census Bureau. That is 1.71% of the home’s value; in Denton County, the rate is 1.61%.
Where can I find free help to buy or rent in The Colony?
We found no HUD-approved counseling agencies with an office in Denton County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
