Neighborhood in The Colony, Denton County

Living in The P's, The Colony

B-

6th of 8areas in The Colony
Overall score 59 of 100 vs Texas neighborhoods
The Colony overall: B+

The P's is a neighborhood in The Colony, TX, home to about 4,100 people. It gets a B-, in the top 44% of Texas neighborhoods, and ranks 6th of 8 areas we score in The Colony. It does best on home ownership and worst on schools.

  • Lots of parks
  • Tornado risk is very high
  • Hail risk is very high

Closest everyday places

Grocery store1.5 mi
Pharmacy1.0 mi
Park0.2 mi
Cafe0.5 mi
Restaurant0.5 mi
Gym0.9 mi
Hospital or urgent care1.4 mi
Childcare0.3 mi
Library1.7 mi

Straight-line distance from the middle of where people live. Overture Maps.

Population
4,110
Median rent
$2,340
Median home value
$343,000
Household income
$94,900
Average commute
25 min
Homes owned
77%
Loading map

What it's like to live in The P's

The P's is a neighborhood in The Colony with about 4,100 residents, homes built around 1997, mostly owner-occupied (77%) and 32% of households with children.

Our grade for The P's is B-. That puts it 6th of 8 areas we grade in The Colony, a city that gets a B+ overall.

Pros of living in The P's

  • Parks within walking distance. The closest park is about 0.2 miles away.

Cons of living in The P's

  • Pricier rent than the city. Median rent is $2,340, 20% higher than the The Colony median.
  • Natural hazard risk. FEMA rates the risk of tornadoes and hail as very high in this part of town.

The P's report card

Each grade compares The P's with every neighborhood in Texas. Safety is not graded for single neighborhoods because police report crime for the whole city.

  • Cost of living: grade C

    Median rent $2,340, homes cost 3.6x income.

    45 of 100 vs TX areas

  • Jobs and income: grade C

    Median household income $94,900, 6.4% unemployed.

    43 of 100 vs TX areas

  • Schools: grade C-

    Nearby schools average 77 of 100 on the state rating.

    35 of 100 vs TX areas

  • Safety: no grade

    Citywide, 136 violent crimes per 100k, 1,299 property crimes per 100k.

    No score vs TX areas

  • Errands and things to do: grade C-

    Some everyday stores and services within a mile of homes.

    39 of 100 vs TX areas

  • Getting around: grade C

    Average commute 25 min, 28% work from home.

    41 of 100 vs TX areas

  • Education levels: grade B

    44% have a bachelor’s degree.

    71 of 100 vs TX areas

  • Health: grade B+

    8.9% of adults uninsured.

    74 of 100 vs TX areas

  • Home ownership: grade A-

    77% of homes owner-occupied.

    81 of 100 vs TX areas

  • Internet access: grade C-

    91% of homes have broadband.

    40 of 100 vs TX areas

The P's compared with The Colony

Better than The Colony

  • Homes owned by the people living in them: 77%17 points higher than The Colony (60%)
  • Renters paying 30%+ of income on rent: 25%15 points lower than The Colony (39%)
  • Vacant homes: 0%4 points lower than The Colony (4.1%)

Worse than The Colony

  • Median rent: $2,34020% higher than The Colony ($1,958)
  • Homes with broadband internet: 91%7 points lower than The Colony (98%)
  • Median household income: $94,90017% lower than The Colony ($114,511)

Closest public schools

Texas Education Agency 2025 ratings. Check the attendance zone for any address with the district.

  • BMorningside ElementaryElementary, Lewisville ISD0.8 mi
  • CSTEM Academy at Griffin MiddleMiddle, Lewisville ISD1.2 mi
  • CThe Colony High SchoolHigh, Lewisville ISD1.9 mi

Cost of living in The P's

Median rent in The P's is $2,340 a month, 20% higher than the The Colony median. A household would need about $94,000 a year to keep that rent at 30% of income.

The median home is worth $343,000, 11% lower than the The Colony median, which means a monthly payment of about $2,453 with property tax at today's mortgage rates.

MeasureHereThe ColonyTexas
Median rent20% higher than The Colony$2,340$1,958$1,403
Median home value11% lower than The Colony$343,000$383,900$283,800
Home value to income8% higher than The Colony3.6x3.4x3.6x
Renters paying 30%+ of income on rent15 points lower than The Colony25%39%52%
Homes owned by the people living in them17 points higher than The Colony77%60%63%
Vacant homes4 points lower than The Colony0%4.1%9.4%
Median year homes were builtAbout the same as The Colony199720011992

Monthly cost to buy a median home

$2,453
Mortgage payment
$1,877
Property tax
$575
Median rent, for comparison
$2,340

Based on a $343,000 home in The P's, 20% down and a 30-year loan at 7.28% (Freddie Mac average, week of 2026-10-01). Property tax is the median for the surrounding Census tract, or the county where that is not published. Insurance and fees are not included.

Work, income and getting around

MeasureHereThe ColonyTexas
Median household income17% lower than The Colony$94,900$114,511$78,476
Unemployment rate2 points higher than The Colony6.4%4.1%5.3%
People below the poverty line4 points higher than The Colony11%6.7%14%
Adults with a bachelor's degree or higher4 points lower than The Colony44%48%34%
Average commute6% lower than The Colony25 min27 min27 min
Workers who work from home4 points higher than The Colony28%24%14%
Workers who walk, bike or take transitAbout the same as The Colony0.4%1.2%2.6%
Homes with broadband internet7 points lower than The Colony91%98%91%

Natural hazard risk

FEMA National Risk Index for the Census tracts in this area.

  • River floodingVery low
  • HurricanesLow
  • TornadoesVery high
  • HailVery high
  • Heat wavesHigh
  • WildfiresLow
  • Winter stormsLow
  • Strong windModerate

Who lives in The P's

Under 1819%
18 to 3423%
35 to 6442%
65 and over17%
Race and ethnicity
White50%
Hispanic or Latino23%
Black3.2%
Asian13%
Other or more than one race11%

Shown for information only. It is never part of any grade.

Other neighborhoods in The Colony

  1. 1B+The LegendsMedian rent $1,880
  2. 2B+Legend CrestMedian rent $2,120
  3. 3BLegend TrailsMedian rent $1,800
  4. 4B-The W'sMedian rent $2,230
  5. 5B-Stewart PeninsulaMedian rent $2,700
  6. 7B-The T'sMedian rent $2,420
  7. 8D-EastvaleMedian rent $1,820

Similar neighborhoods in other cities

Areas elsewhere in Texas with the closest mix of grades.

  1. CTexas TraditionsGeorgetown
  2. C-North BenbrookBenbrook
  3. BShavano HeightsSan Antonio

Questions about The P's

Is The P's a good place to live?

The P's is a neighborhood in The Colony, TX, home to about 4,100 people. It gets a B-, in the top 44% of Texas neighborhoods, and ranks 6th of 8 areas we score in The Colony. It does best on home ownership and worst on schools.

How much does it cost to live in The P's?

Renters in The P's pay a median of $2,340 a month, 20% higher than the The Colony median. The median home is worth $343,000, 11% lower than the The Colony median. A median home costs 3.6x the median household income, compared with 3.4x across The Colony.

What schools serve The P's?

The closest rated public schools are Morningside Elementary (elementary, rated B), STEM Academy at Griffin Middle (middle, rated C) and The Colony High School (high, rated C). School zones can differ from the closest school, so check with the district.

This area is built from 2 Census block groups closest to the The P's name on the map, so its edges are approximate. Sources: US Census Bureau 2020-2024 ACS 5-year, CDC PLACES 2025, Texas Education Agency, FEMA National Risk Index, Overture Maps. How we grade.