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Rainbow

Learn about the people, housing, costs and businesses in Rainbow, California

Median Home$845,469
Median Rent$2,291/month
Population2,325
Leading IndustriesArts, Food & Hospitality · Healthcare · Education13% arts, food & hospitality
Home Value Growth-1.1% over 2 years
Family-Friendly28% of residentswell above average
Homeowners86% of occupied units
NotableHigh Incomes$134k/year · top 6% nationally
NotableVeteran Community12% of residents · top 6% nationally
Rainbow
CA

Frequently Asked Questions

What are today's mortgage rates in Rainbow?

As of today, the 30-year fixed mortgage rate for Rainbow is approximately 6.806% (6.839% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Rainbow?

The median home value in Rainbow is $845k. The median monthly rent is $2,291. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rainbow?

Home values in Rainbow have decreased 1.1% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Rainbow?

Based on a typical all-in ownership cost of $2,699/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $116k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rainbow is $134k/year.

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What industries drive the economy in Rainbow?

The largest employment sectors in Rainbow are public administration (19%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.