$370,000
NAL Estimated Property Value5209 Reed Dr, The Colony, TX, 75056
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About this property
Step inside this meticulously maintained single story nestled in an established neighborhood. Once inside you'll be greeted by a light filled formal living and dining area with vaulted ceilings. A dry bar leads you into the open-concept kitchen, breakfast area and family room. Enjoy entertaining friends and family in the cozy family room highlighted by a warm fireplace and easy to maintain tile floors. The galley style kitchen offers upgraded granite counter-tops, Frigidaire stainless steel appliances, and mosaic tile back-splash. After a long day relax in the spacious primary bedroom featuring a large walk-in closet and ensuite bath. Great size utility room with built-in cabinets and second pantry space for additional storage. Excellent location surrounded by parks, schools and nearby 121 and Grandscape with incredible shopping, dining and entertainment options.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: The Colony
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