The rental market in The Colony, TX is booming, which is likely due to its great location and affordability. The Colony is located in the heart of the Dallas-Fort Worth Metroplex, just a short drive from both Dallas and Fort Worth. It is also close to several major highways, making it a convenient place to live for commuters.
The Colony has some of the region's best schools, with students performing well above the state average in math and reading proficiency scores. The Colony is home to several highly rated elementary, middle, and high schools. The Colony also boasts several private and charter schools, which provide students with a variety of educational options.
The Colony offers a variety of neighborhoods, ranging from established neighborhoods with large lots and mature trees to newer, master-planned developments with modern amenities. No matter what type of home you are looking for, you can find it in The Colony.
The rental market in The Colony is quite affordable. The average rent for a one-bedroom apartment is around $1,000, while the average rent for a two-bedroom apartment is around $1,100. Renters can also find great deals on larger apartments, with the average rent for a three-bedroom apartment being around $1,350
The average rental prices for apartments, townhouses, condos, lofts, and single family homes in The Colony, TX are as follows:
Apartments - $1,440/month
Townhouse - $1,520/month
Condo - $1,650/month
Loft - $1,900/month
Single Family Home - $2,300/month
Rental prices in The Colony, TX have seen a steady increase over the last 5 years. According to data from Zillow, the median rent for a one-bedroom apartment in The Colony, TX in 2016 was $776, while in 2021 it is $1,087, which is an increase of 40.3%. For two-bedroom apartments, the median rent was $1,090 in 2016 and is currently $1,471, an increase of 35%.
1-Bedroom:
The median rental price for a 1-bedroom apartment in The Colony, TX is $1,395.
2-Bedroom:
The median rental price for a 2-bedroom apartment in The Colony, TX is $1,717.
3-Bedroom:
The median rental price for a 3-bedroom apartment in The Colony, TX is $2,040.
The Colony is considered to be one of the top performing school districts in the United States, according to Niche's 2020 rankings. The district is rated A+ overall, with an A+ rating for academics, an A+ rating for teachers, and an A rating for college readiness. The Colony ranks in the top 5% nationally for academic achievement and college readiness, and in the top 10% nationally for teacher quality. Additionally, The Colony has a lower than average student-teacher ratio, with about 15 students for every teacher. This is significantly lower than the national average of 16 students per teacher.
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