Texas Real Estate Blog & Market News

Picture yourself living in a suburb filled with luxurious estates and beautiful single-family homes that offer a lifestyle many would envy. Colleyville, Texas, fits the bill.

Home to a population of over 26,000 people, Colleyville is a suburb of Fort Worth in Tarrant County. The majority of Colleyville residents tend to lean conservative, and the bulk of the homes are owner-occupied.

This affluent locale is located only 3.5 miles from the Dallas Fort Worth International Airport, making the area a genuine hotspot for frequent travelers and business professionals. In addition, residents have easy access to shopping, dining, medical facilities, and highly rated schools.

Are you and your family planning on moving to Texas? Or maybe you’re an investor looking for a property to invest in. To help you in your search, we've compiled the pros and cons of living in Colleyville, Texas. If you find this evaluation useful, our agents are ready to help you navigate the exciting Colleyville real estate market.

Pros and Cons Summary

Pros

• Convenient Location
• Low Crime
• Great Education
• Things to Do & See

Cons

• Cost of Living
• Older Homes
• Higher Home Prices
• Lack of Diversity

Brief History

Colleyville's history dates back to 1880 when Dr. Lilburn Howard Colley and his wife, Martha, settled and became prominent citizens of Colleyville. But before settlement, the area now known as Colleyville comprised mainly of lush prairie fields. Two of the city's most notable natural resources—Big Bear Creek and Little Bear Creek—played a crucial role in the lives of the early settlers.

Before the settlers, American Indians inhabited, hunted, and grazed in the vast, open, virgin land. The Colleyville area was also a common migratory route for Wichita, Comanche and Kiowa tribes. Today’s generation can have a glimpse of the past on 46 acres of the community's most organic land at the Colleyville Nature Center.

Popularly known as the Texas City with the highest percentage of college graduates in the state, the transition from cowboys’ hats for graduation caps is no mean fete. This remarkable transformation from a nondescript town to a top DFW suburb began in 1956. Two generations later, Colleyville has expertly combined an authentic rural feel with a luxurious urban development.

Pros of Living in Colleyville

Convenient Location

Located only 10 miles west of the Dallas-Fort Worth International Airport, the 13-square-mile exclusive enclave is strategically located near major thoroughfares that allow easy access to the DFW metroplex and other outlying areas. Commuting to the stockyards in Fort Worth, DFW Airport, or locations in Irving and Coppell is an absolute breeze thanks to the rail system.

Daily commuters enjoy reasonable commute times to both downtown Dallas and Fort Worth. Meanwhile, the high-tech Legacy corridor, the Las Colinas business center, and the vast array of business opportunities in the Alliance area are all within easy reach. What's more, residents don't have to venture far for shopping, dining, and entertainment venues.

Low Crime

If you live in Colleyville or you’re considering moving to the area, it’s extremely rare to get mugged in the streets. House burglary and car vandalism are also uncommon. This is because the city of Colleyville maintains one of the lowest crime rates in the state.

Colleyville also boasts many rave reviews including being the fourth safest city in Texas. Testament to this is the happy homeowners who enjoy well-manicured, peaceful neighborhoods. With a crime rating of A+, Colleyville is 94% safer than the Texas violent crime average.

Here are the top 5 safest cities in Texas 2022.

Great Education

Colleyville has everything that people need, especially those with children. The excellent schools that serve the city are high on the "must-have" list for buyers looking into the area. Four school districts that are headquartered in one or more other communities serve the public schools in Colleyville.

The enrollment number in Colleyville schools is approximately 15,000 pupils from Grapevine, Colleyville, and the small portions of Hurst, Euless, and Southlake.

Spread over 54 square miles, the Grapevine-Colleyville ISD is the highest-ranked school district serving Colleyville. With a student/teacher ratio of 15:1, the Grapevine-Colleyville ISD boasts a graduation rate of 96% which is in the top 10% in Texas.

Top Schools in Colleyville

In their yearly "Best of" editions, notable publications such as World Reports, U.S. News, and Money Magazine attest to Colleyville Heritage High School and Grapevine Heritage High School's commitment to quality education.

Other top public schools serving Colleyville include:

• Carroll Senior High School - Grade A+ 
• Old Union Elementary School - Grade A+
• Eubanks Intermediate School - Grade A+
• George Dawson Middle School - Grade A+

For parents who prefer private schools, 6 private schools serve over 1,300 students in Colleyville. The top-ranked private schools in the area include Covenant Christian Academy and Crown of Life Lutheran School. If you prefer a short commute or don’t want to live far from home, the Dallas Baptist University Hurst-Colleyville is an excellent option for degree-seeking or certification-seeking residents.

Things to Do & See

Colleyville was designed to help maintain a strong sense of unity and a welcoming atmosphere. Whether you’re just raising a family, starting your adventure, or looking to retire to a more peaceful setting, the city offers plenty of things to do and see for everyone!

Great Outdoors

The location of Colleyville is perfect to get out and experience the wonders and natural beauty of Texas. The city's atmosphere is enhanced by over 148 acres of parks that feature jogging trails, athletic facilities, ponds, picnic areas, and pavilions.

To encourage an active lifestyle, the city offers a sports complex at City Park as well as a 10,000-square feet playground at Kidsville Park. On weekends, outdoor aficionados love to gather at McPherson Park which also leans educational with its renovated dairy barn that features replicas of a milking operation.

For those who enjoy natural escapes, the Cotton Belt Trail offers over three miles of peaceful greenery. And if you appreciate nature and all it has to offer, the Colleyville Nature Center provides 45 acres of natural habitat. What’s more, the Colleyville Public Library provides a great gathering place, a community resource, and countless books that will tickle your brain with a great story.

Where to Shop

In today's market, homebuyers are increasingly demanding quality homes that are close to modern conveniences. In collaboration with developers, the city of Colleyville is working to create and support such opportunities. A good example of such efforts is The Village at Colleyville. The mixed-use urban village features modern condos, townhomes, businesses, retail shops, and fine dining.

Explore the Village to discover boutique retail shops, luxurious spa retreats, and grocery stores such as Market Street and Whole Foods. And when considering your weekend plans, you can treat yourself to some retail therapy at Town Center Colleyville and GladeParks.

Where to Eat

If you prefer to dine out, dining options are plentiful as the area is dotted with many casual options for a quick bite to eat. For the price of admission, residents enjoy both dinner and a movie at Studio Movie Grill. And if you prefer a home type of cooking, swing by Farmers Market for groceries to prepare a feast.

Other notable restaurants in Colleyville include:

• Stone House
• Next Bistro
• Townhouse Brunch
• Loveria
• Gloria’s Latin Cuisine

Entertainment

From live jazz lounges to salsa lessons, the community comes to life with a host of entertainment options throughout the year. And for the occasional change of scenery, residents are only moments away from Southlake Town Square and several other area venues that are jam-packed with entertainment.

Cons of Living in Colleyville

Cost of Living

If you're looking to save money or you're living on a tight budget, the city of Colleyville may not be your best fit. This is because Colleyville scores an F in the cost of living. With a cost of living index of 136, the cost of living in Colleyville is 1.4 times higher than the national index of 100 or 43.5% higher than the U.S. average. It's also 1.4 x higher than the Texas index of 94.

$1,900 is the average cost of living in Colleyville, and this puts it in the top 9% of the most expensive cities in the world. Out of 130 places in Texas, the city is ranked #27th most expensive and #737 out of 2202 places in the U.S.

That said, the biggest factor in the cost of living difference is the median home cost. Colleyville homes for sale range from six hundred thousand to tens of millions of dollars. The median home cost is $682,000 and home appreciation in the last 10 years has been 5.3%. The majority of residents tend to be affluent and middle-income, and the average household income is approximately $220,000.

* The U.S. average is 100

Additionally, Texas has no state income tax which means the paycheck for people who work here will be free of taxes, providing more disposable income for other expenses. However, Texas has a statewide sales tax of 6.25%, and depending on where you live, there may be an additional 2% local sales or use taxes.

Older Homes

Colleyville is a well-established community that has steadily been growing for several decades. That said, buyers looking into the area will find a larger concentration of older homes in comparison to newer constructions. Of course, some people prefer a grand home with all the history, but many of these older homes require a significant amount of update.

When you factor in a new coat of paint, flooring, and a kitchen remodel, the numbers can go a long way. Additionally, many of these older homes lack extra space to add modern luxuries that are standard with newer constructions such as Island Chef kitchens, luxury master baths, or soaring ceilings.

Higher Home Prices

Colleyville is often the first consideration for luxury home buyers, and a drive-through town will reveal large custom homes often in the "Olde Worlde" style. But the unavailability of large tracts of land to build custom homes is increasingly driving prices up.

Unlike Frisco and Plano where new constructions are booming, Colleyville home builders tend to buy up homesteads with acreage of old homes. Luxury estates then replace these homes. With that in mind, many buyers can ill afford the high prices such luxury estates command. With a median home price of $1,341,105 and a median rent of $1,904, Woodland Hills Colleyville offers a great example of such prices.

Lack of Diversity

A city should be diverse with a variety of cultures and religions well represented. People should feel welcome to live in any part of the city, and a city that meets all these criteria is a great place to live. Different surveys have shown that conditions in smaller towns are worse than in bigger cities.

Colleyville’s population of 26,000 people is considered small. But with a diversity score of 63 out of 100, Colleyville is more diverse than other cities in the country. With that in mind, the majority race in Colleyville is white (88.3%) followed by Asian (5.2%). People who identify with the Asian racial group tend to live in the east places, whereas whites prefer the central areas of the city.

Is Colleyville a Good Place to Live?

If you dream of owning a beautiful piece of property with an upscale ethos that oscillates between rural and country, Colleyville ticks the right boxes. Despite the proximity to higher-density areas, Colleyville upholds a comfortable, less hurried atmosphere that many people appreciate. If you're ready to consider the heavily wooded surroundings of different neighborhoods, contact us today and we'll help you find a home that is suitable for your budget.