Market Overview
Home Prices in The Colony, TX
The median home value in The Colony, TX is $406,211 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 4% compared to a year ago and down 3.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in The Colony are priced1% below average. The Colony is part of the Dallas-Fort Worth-Arlington, TX metro area.
Over the past five years, The Colony home values have risen by approximately18.9%, reflecting steady appreciation in this market.
Price History
The Colony Home Price Trend
City Comparison
The Colony vs. National Median
At $406,211, homes in The Colony cost 1% below the national median of $410,000. This makes The Colony a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in The Colony?
20% Down Payment
$81,242
on $406,211
Monthly P&I
$2,119/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,691/mo
incl. taxes & insurance
Income Needed
$107,640
gross annual (30% rule)
10% Down Option
$40,621
+ PMI applies
Loan Amount (20% dn)
$324,969
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in The Colony, TX?
The median home value in The Colony is $406,211 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 4% year-over-year.
How much have home prices changed in The Colony?
Over the past year, home values in The Colony have decreased by 4%. Over five years, prices have risen approximately 18.9%.
How much do I need to earn to buy a home in The Colony?
To comfortably afford the median home price of $406,211 with a 20% down payment ($81,242) at today's rates (6.8%), you'd need a gross annual income of approximately $107,640. This assumes keeping total housing costs at or below 30% of gross income.
How does The Colony compare to the national average home price?
The national median home value is approximately $410,000. At $406,211, homes in The Colony are 1% below the national average.
What metro area is The Colony part of?
The Colony is part of the Dallas-Fort Worth-Arlington, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.