Denton County · North Texas community guide
Living in The Colony
The Colony sits on the east shore of Lewisville Lake along SH 121, with lake parks, the Grandscape entertainment district and quick access to Frisco, Plano and DFW Airport.
Overview
About The Colony
The city takes its name from the Peters Colony, whose headquarters stood within today's city limits at the historic community of Stewartsville. The area also includes the Bridges Settlement, established during the Republic of Texas and considered the oldest community in Denton County.
Modern The Colony began in 1973, when builders Fox and Jacobs bought 3,000 acres near SH 121 and FM 423 for a planned community of single-family homes. The first families moved in in 1974, and the city incorporated in 1977. It had 44,534 residents at the 2020 census.
Who The Colony suits
The Colony suits buyers who want lake access, a central location on SH 121 and the Dallas North Tollway, and established neighborhoods often at lower prices than neighboring Frisco and Plano.
At a glance
The Colony by the numbers
Figures are sourced below with their dates. Market values change; confirm current numbers with Jamie before making decisions.
Housing
Homes & neighborhoods
Much of the city is 1970s–1990s single-family housing from the original planned community, plus newer neighborhoods, golf-course homes and townhomes near Grandscape and SH 121.
Homes for sale
Homes for Sale in The Colony
MLS search coming soonSearch Homes in The Colony
Live MLS listings for The Colony (ZIP 75056, 75036) are coming to this page soon. In the meantime, Jamie will happily send you current listings that match what you are looking for, including new and coming-soon homes.
Schools
The Colony school districts
| District | TEA 2026 | TEA 2025 | Notes |
|---|---|---|---|
| Lewisville ISD | B (83) | B (81) | Serves The Colony; confirm the assigned campuses for each address. |
High school campus ratings
- The Colony High School: C (79) in 2026
Ratings are Texas Education Agency A–F accountability ratings (overall score in parentheses), released August 2026. See campus details on TXschools.gov. School boundaries change and don't follow city limits; confirm the assigned schools for any address with the district.
Market notes · as of September 2026
The Colony home prices
Zillow's Home Value Index puts the typical The Colony home at $395,343 as of September 2026, down 2.5% from a year earlier. The index is a smoothed, seasonally adjusted measure of mid-tier single-family homes and condos, not a sale price for any one house.
For comparison, Zillow's Fort Worth index was $292,949 in the same month.
More local numbers (September 2026)
- Realtor.com, ZIP 75056 (The Colony / southeast Lewisville): median list price $614,900, 189 active listings, 55 median days on market, 22.4% of listings with a price cut. Source: Realtor.com Research ZIP inventory.
- GFWAR/TRERC MLS, ZIP 75056 (The Colony / southeast Lewisville): 59 closed sales, median sold price $590,000, 55 days on market, 3.4 months of inventory. Source: Greater Fort Worth REALTORS® ZIP Detail (Texas A&M Real Estate Research Center).
List prices (Realtor.com) and sold prices (MLS) measure different things and aren't directly comparable. Small markets can swing sharply month to month.
Values vary widely by street, lot size, age and condition, especially where acreage, waterfront or new construction is involved. Before you buy or list, ask Jamie for a free comparative market analysis built from current active, pending and sold listings in the NTREIS MLS.
Property taxes
The Colony property tax rates
2025 adopted rates per $100 of taxable value, from the Texas Comptroller:
| Taxing unit | Rate per $100 |
|---|---|
| Denton County | $0.1859 |
| City of The Colony | $0.6300 |
| Lewisville ISD | $1.1178 |
| Combined (before special districts) | $1.9337 |
Example only: on a home appraised at the typical The Colony value of $395,343, the combined rate works out to about $7,645 a year before exemptions. A homestead exemption lowers the school-tax portion (school districts must exempt $140,000 of a homestead's value, with an additional $60,000 for owners 65 or older or disabled, per the Texas Comptroller). Your actual bill depends on the appraised value, exemptions and any special districts.
Special districts (hospital, college, emergency services, MUD/PID and others) are not included and vary by property. Appraisal district: Denton County. This is general information, not tax advice.
Getting around
Commute & roads
SH 121 (Sam Rayburn Tollway) runs along the south side and FM 423 (Main Street) runs north-south, with the Dallas North Tollway just east.
- Downtown Fort Worth: about 50 minutes / 41 miles
- DFW International Airport: about 29 minutes
- Downtown Dallas: about 38 minutes / 26 miles
- Downtown Denton: about 35 minutes
- Graford: about 125 minutes
Drive times are routing estimates from OSRM without traffic; rush hour and highway construction can add significant time.
Outdoors
Lakes & recreation
Lewisville Lake lines the west side of the city, with Stewart Creek Park and other lakefront parks.
Things to do
Notable attractions near The Colony
- Shopping and entertainmentGrandscape
Large shopping, dining and entertainment district on SH 121.
- RetailNebraska Furniture Mart
Very large home furnishings and electronics store anchoring Grandscape.
- Water parkHawaiian Falls The Colony
Seasonal family water park.
- LakeLewisville Lake
Corps of Engineers lake along the city's west side.
Everyday life
Shopping, dining & amenities
Grandscape, a large shopping, dining and entertainment district anchored by Nebraska Furniture Mart, sits on SH 121, and Hawaiian Falls water park is in town.
Due diligence
Utilities, internet & flood checks
- Electricity: parts of this area are open to retail electric choice (compare plans at PowerToChoose.org), while many rural and some city areas are served by an electric cooperative or municipal utility with no choice. The provider depends on the exact address.
- Water & sewer: inside city limits, service usually comes from the city or a water supply corporation. Outside city limits, homes often rely on a water supply corporation or a private well plus an on-site septic system (OSSF). Ask for well and septic inspections before closing.
- Internet: options range from fiber and cable in town to fixed wireless and satellite in the country. Check any address on the FCC National Broadband Map.
- Flood risk: look up the property on the FEMA Flood Map Service Center and ask your insurance agent about flood coverage, even outside a mapped flood zone.
- Groundwater: Denton County is in the North Texas Groundwater Conservation District, which has well registration rules.
Map
The Colony on the map
Use the layer button (top right of the map) to show TEA school district boundaries or FEMA flood hazard zones around The Colony.
Map of The Colony loads here…
School district and flood layers are for general reference only. Verify districts with the TEA School District Locator or the district, and flood zones with the FEMA Flood Map Service Center and a survey or elevation certificate. Map data © OpenStreetMap contributors.
Keep reading
More on The Colony
Local FAQ
The Colony questions
Is The Colony a good place to live?
It depends on what you need. The Colony suits buyers who want lake access, a central location on SH 121 and the Dallas North Tollway, and established neighborhoods often at lower prices than neighboring Frisco and Plano. Jamie is happy to tour The Colony with you and talk through schools, commute, taxes and lifestyle.
How far is The Colony from Fort Worth?
The Colony is about 50 minutes (41 miles) by car to downtown Fort Worth without traffic, based on OSRM routing estimates.
What school districts serve The Colony?
Lewisville ISD (B, 83 in 2026). Ratings are TEA 2026 A–F accountability ratings. District boundaries do not follow city limits, so always confirm the school district for a specific address.
What is the property tax rate in The Colony?
Using 2025 adopted rates from the Texas Comptroller, the combined county, city and school-district rate is about $1.9337 per $100 of taxable value (Denton County$0.1859; City of The Colony$0.6300; Lewisville ISD$1.1178). Special districts such as hospital, college, emergency services or MUD/PID districts can add to this. Check the exact property with its appraisal district.
What county and appraisal district is The Colony in?
The Colony is in Denton County. Property values are set by the appraisal district for the county where the property sits.
What is the typical home value in The Colony?
Zillow's Home Value Index for The Colony was $395,343 as of September 2026 (-2.5% year over year). For a specific home, ask Jamie for a comparative market analysis.
Can I buy a home on Lewisville Lake?
Lewisville Lake is a U.S. Army Corps of Engineers reservoir, and the Corps owns a strip of shoreline around it, so most homes are near the lake rather than on private waterfront, and private docks are very limited. Check the Corps boundary, flood maps and any shoreline rules for a specific property with the Corps of Engineers.
What are MUD and PID taxes, and how do I check them?
Many newer North Texas communities are in a municipal utility district (MUD), public improvement district (PID) or similar special district that adds a tax or assessment on top of county, city and school taxes. Texas requires sellers to give buyers a notice about many of these districts. Ask for the latest tax bill and look up the property on the Denton Central Appraisal District (or the county's appraisal district) before you write an offer.
How do I file a homestead exemption in The Colony?
File with the Denton County appraisal district once the home is your principal residence; there is no fee. School districts must exempt $140,000 of a homestead's value, plus an additional $60,000 for owners 65 or older or disabled (Texas Comptroller). The general deadline is before May 1. Find the district's contact information in the Comptroller's county directory.
Does The Colony flood, and how do I check a property?
Flood risk is property-specific, often tied to creeks, rivers and low areas. Look up the address on the FEMA Flood Map Service Center, ask for the seller's disclosure and any elevation certificate, and get a flood-insurance quote even outside a mapped flood zone.
What internet service is available?
It varies by address, from fiber and cable in town to fixed wireless and satellite in rural areas. Enter the exact address on the FCC National Broadband Map and ask the seller what they use before you buy.
Sources
Where these facts come from
- Zillow Research, ZHVI by city (as of September 2026)
- Realtor.com Research ZIP inventory (September 2026)
- Greater Fort Worth REALTORS® ZIP Detail (Texas A&M Real Estate Research Center) (September 2026)
- Texas Education Agency, 2026 Statewide Multi-Year Ratings and TXschools.gov
- Texas Comptroller, 2025 county, city and school district tax rates · Comptroller exemptions
- Appraisal district contacts (Comptroller county directory): Denton County
- Wikipedia: The Colony (history; 2020 U.S. Census population)
- OSRM routing (drive-time estimates)
- Official site: The Colony
This content is general information, not legal or tax advice. Rules, rates and deadlines change. Confirm details with the appropriate agency, attorney, CPA or lender.
Explore nearby
Thinking about The Colony?
Nearby: Lewisville · Frisco (Denton County) · Little Elm · Highland Village · All communities