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Real Estate Prices & Overview

The Colony Southwest median real estate price is $483,476, which is more expensive than 82.1% of the neighborhoods in Texas and 67.2% of the neighborhoods in the U.S.

The average rental price in The Colony Southwest is currently $4,323, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 99.1% of the neighborhoods in Texas.

The Colony Southwest is a suburban neighborhood (based on population density) located in The Colony, Texas.

The Colony Southwest real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the The Colony Southwest neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Real estate vacancies in The Colony Southwest are 4.7%, which is lower than one will find in 68.4% of American neighborhoods. Demand for real estate in The Colony Southwest is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

In a nation where 1 out of every 4 children lives in poverty, the The Colony Southwest neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, the The Colony Southwest neighborhood is considered a solid choice for executive lifestyles. NeighborhoodScout's analysis ranks it as better than 91.1% of Texas neighborhoods for executive living, based on the wealthy, educated professionals, executives, and managers who choose to reside here, the spacious homes that are prominent features of the real estate in the neighborhood, and the high real estate appreciation rates found here relative to other neighborhoods in the state.

Real Estate

The The Colony Southwest neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 100.0% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 98.7% of all neighborhoods in America.

In addition, real estate in the The Colony Southwest neighborhood is almost exclusively owner-occupied. NeighborhoodScout's analysis reveals that this neighborhood has a higher rate of owner-occupied housing than is found in 97.6% of U.S. neighborhoods. If you are seeking to rent, this neighborhood may not have many options, but high rates of ownership often indicate stability in a neighborhood.

Furthermore, most neighborhoods are composed of a mixture of ages of homes, but the The Colony Southwest stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 87.1% of the residential real estate here was built in this one time period.

Diversity

Did you know that the The Colony Southwest neighborhood has more Canadian and Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.1% of this neighborhood's residents have Canadian ancestry and 1.0% have Armenian ancestry.

The Colony Southwest is also pretty special linguistically. Significantly, 1.7% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 95.3% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the The Colony Southwest neighborhood in The Colony are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 90.1% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the The Colony Southwest neighborhood, 57.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 17.3% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (16.1%), and 9.7% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the The Colony Southwest neighborhood is English, spoken by 79.8% of households. Some people also speak Spanish (13.8%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the The Colony Southwest neighborhood in The Colony, TX, residents most commonly identify their ethnicity or ancestry as English (16.8%). There are also a number of people of Mexican ancestry (16.5%), and residents who report German roots (12.4%), and some of the residents are also of Irish ancestry (8.9%), along with some Scottish ancestry residents (5.8%), among others. In addition, 10.0% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in The Colony Southwest neighborhood spend between 45 minutes and one hour commuting one-way to work (31.6% of working residents), longer and tougher than most commutes in America.

Here most residents (83.7%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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