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Rainbow Lakes Estates

Learn about the people, housing, costs and businesses in Rainbow Lakes Estates, Florida

Median Home$216,902
Median Rent$1,486/month
Population3,940
Leading IndustriesHealthcare · Transportation · Professional Services16% healthcare
Home Value Growth⬆⬆+12.9% over 2 years
Retirees33% of residentstop 4% nationally
Homeowners93% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
Rainbow Lakes Estates
FL

Explore Rainbow Lakes Estates

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Rainbow Lakes Estates?

As of today, the 30-year fixed mortgage rate for Rainbow Lakes Estates is approximately 6.985% (7.024% 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 Lakes Estates?

The median home value in Rainbow Lakes Estates is $217k. The median monthly rent is $1,486. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rainbow Lakes Estates?

Home values in Rainbow Lakes Estates have increased 12.9% over the past two years. This indicates a strong appreciation trend. 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 Lakes Estates?

Based on a typical all-in ownership cost of $689/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rainbow Lakes Estates is $59k/year.

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What industries drive the economy in Rainbow Lakes Estates?

The largest employment sectors in Rainbow Lakes Estates are public administration (19%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.