Colony Square

Colony Square is an established subdivision of 76 single-family homes in Zionsville, Indiana. Lots are moderately sized, averaging just under half an acre at 0.42 acres, which gives homes a bit of room without spreading into large-acreage territory. The neighborhood is made up entirely of detached single-family houses, so buyers here are looking at standalone homes rather than a mix of townhomes or condos.

Recent sales activity gives a useful picture of current values. Across 13 recent sales, the average sale price was $507,325, with the upper end of the range reaching $629,000. That places Colony Square solidly in the mid-six-figure range for the area and points to a market with meaningful turnover rather than a static, rarely-traded enclave. The neighborhood has a homeowners association, managed by Don Schafer, which handles the shared governance typical of a subdivision of this size.

For families weighing schools, Colony Square is served by Zionsville Community High School, part of the Zionsville Community Schools district. With its consistent single-family makeup, a recent track record of active sales, and prices centered around the low-$500,000s, Colony Square is best suited to buyers seeking a conventional detached home in an established Zionsville neighborhood with the structure of an HOA.