Moving to The Colony, Texas
The Colony is a planned lakeside suburb on Lewisville Lake, put on the map by the huge Grandscape retail development. Like the rest of the Metroplex, it runs on the same no-income-tax, high-property-tax deal and the same summer heat — the differences are in the details: the price, the schools, and the character. Here’s the honest version.
Jobs and the Commute
The Colony leans on mostly a commute to the north-metro job centers. For work, toward the Tollway and Legacy corridor. That’s the practical calculus of living here: whether the drive to your job pencils out. The upside is that you’re plugged into the wider Dallas–Fort Worth economy no matter where you land, and with no state income tax, the paycheck stretches further than it would in most of the country.
Housing and Daily Life
Housing in The Colony sits around the metro average — not the bargain of the far exurbs, not the premium of the trophy suburbs. You’ll find a real range of prices and home ages, which is part of the appeal for buyers who want choice without the top-tier price tag. What sets The Colony apart is Grandscape and Nebraska Furniture Mart. It’s a place chosen more for value, location, or character than for a marquee school district. Beyond that, it’s the standard North Texas package: you’ll drive for everything, the summers are long, and spring brings the odd hailstorm.
The Honest Trade-offs
No place is a clean win. The Colony’s strengths — lakeside living with major retail at grandscape, newer housing than the inner suburbs — come with real costs: coserv co-op power in much of town — no rate shopping, and traffic around the grandscape corridor. Stack that against the metro-wide facts — high property taxes, car dependence, brutal Augusts — and decide with your eyes open. For the right household, it adds up.
The Honest Pros and Cons
What's Good
- Lakeside living with major retail at Grandscape
- Newer housing than the inner suburbs
- Central Denton County location
- No state income tax
- Access to one of the country’s deepest job markets
What's Not
- CoServ co-op power in much of town — no rate shopping
- Traffic around the Grandscape corridor
- Long, hot summers and near-total car dependence
- High property taxes, like all of Texas
The Colony Is a Good Fit For
- ▶ Buyers wanting a newer lake suburb
- ▶ People who value retail and entertainment nearby
- ▶ People escaping higher-tax, higher-cost states
Might Not Be Your Thing If
- ▶ Those wanting a historic small town
- ▶ Anyone who needs walkable density or cool summers
FAQ: Moving to The Colony
For the right buyer, yes. The Colony is a planned lakeside suburb on Lewisville Lake, put on the map by the huge Grandscape retail development, with the metro’s shared advantages — a deep job market and no state income tax. The trade-offs are the usual Texas ones: high property taxes, car dependence, and hot summers, plus coserv co-op power in much of town — no rate shopping.
Yes, for nearly everyone. Like the rest of the Metroplex, The Colony was built around highways. A few areas have transit access, but daily life without a car is impractical.
The Colony sits around the metro average on cost — not the cheapest option, not the priciest.
High, like everywhere in Texas — commonly around 2% of a home’s value, escrowed into your mortgage. Texas has no state income tax and funds itself through property taxes instead, so budget for it before you buy.
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