Rent to own Homes in The Colony, TX
As the city that Sports Illustrated named its 50th Anniversary Sports Town of the United States in 2003, The Colony has numerous places where sports buffs can enjoy themselves. This city of just over 16,000 residents, though, has much more appeal than just football. In addition to great attractions, The Colony was built as a "dream city" meant to emulate Dallas. With a constant population growth since its creation and consistent economic growth over its existence, The Colony just might have your dream home.
The Colony, TX is a great place for affordable rent-to-own homes! With a median household income of over $87,748 and a median rent of $1,481, the The Colony, TX rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in The Colony, TX. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More The Colony, TX Property Resources
Rent to own Homes in Cities Near The Colony, TX
- Addison
- Anna
- Argyle
- Arlington
- Aubrey
- Bartonville
- Carrollton
- Celina
- Colleyville
- Coppell
- Copper Canyon
- Corinth
- Dallas
- Double Oak
- Farmers Branch
- Flower Mound
- Frisco
- Garland
- Grand Prairie
- Gunter
- Hackberry
- Hebron
- Highland Park
- Highland Village
- Hurst
- Irving
- Lake Dallas
- Lakewood Village
- Lantana
- Lewisville
- Lincoln Park
- Little Elm
- Lowry Crossing
- Lucas
- Murphy
- Oak Point
- Paloma Creek South
- Prosper
- Providence
- Providence Village
- Richardson
- Roanoke
- Sachse
- Savannah
- Seis Lagos
- Shady Shores
- Southlake
- University Park
- Weston
- Wylie
Neighborhoods in The Colony, TX
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No zip codes foundBuying a Home in The Colony, TX
The Colony, TX is seeing rapid growth and The Colony, TX's' housing market remains not optimal with an average home price that is 12% above the 2024 national average. The Colony, TX is part of Denton county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Denton is 2.14% which is above the national average, which is 0.99%.
Median Home Price in The Colony, TX
Median Rent in The Colony, TX
Top 3 Reasons to Live in The Colony, TX
Great home valuations! The recent economic recession hit the American housing market hard, but it didn't seem to have the same effect in The Colony. Over the past 5 years, home values dropped nearly 5% in the rest of America. During that same time, values in The Colony have risen nearly 13%. In fact, there has been an 11% rise in values in the past year alone. Whether living at a home on Lewisville Lake or checking out rent to own houses adjacent to Arbor Hills Nature Preserve, residents are making a good investment in an asset that has been consistently rising in value over the past few decades.
Never stop learning! There aren't too many people who really enjoyed going to school as kids, but The Colony offers the opportunity to keep learning outside of the confines of a crowded room with a green chalkboard. Whether this means heading over to the Heard Natural Science Museum in McKinney or catching up on your human history at The Sixth Floor Museum in nearby Dallas, you'll undoubtedly pick up on something new (or old).
Affordable housing! Even though property values in The Colony have been on a consistent rise, it's still not overly expensive to live in the area. In fact, the average cost of a house in the city is about 14% lower than the national average. Even better is the fact that the cost of houses and condos in the area is only a bit more than the average in the rest of Texas. Considering the fact that over 60% of the houses in the city are owned as opposed to rented (much higher than the national average) and there's a list of awesome attractions nearby such as Colony City Aquatic Park and Hawaiian Falls, this additional cost isn't much in the grand scheme of things.