The Colony, Texas is a city located in the Dallas-Fort Worth metropolitan area with a population of approximately 44,000 people (2020 estimate). The city has a diverse demographic, with a mix of families, young professionals, and retirees. The average home price in The Colony is around $310,000. The property tax rate is 2.27%. There are plenty of things to do in The Colony, including visiting the Hawaiian Falls water park, participating in community events, and shopping at the Grandscape complex. The schools in The Colony are rated highly, making it a great place for families with children. The Chamber of Commerce can be reached at (972) 620-0460 and the City Hall can be reached at (972) 625-2700.