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Rainbow Park

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

Median Home$216,122
Median Rent$1,162/month
Population1,795
Leading IndustriesFinance & Insurance · Information & Media · Construction10% finance & insurance
Home Value Growth⬆⬆⬆+29.3% over 2 years
Retirees22% of residentsnear the national average
Homeowners86% of occupied units
Rainbow Park
FL

Frequently Asked Questions

What are today's mortgage rates in Rainbow Park?

As of today, the 30-year fixed mortgage rate for Rainbow Park is approximately 6.959% (7.000% 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 Park?

The median home value in Rainbow Park is $216k. The median monthly rent is $1,162. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rainbow Park?

Home values in Rainbow Park have increased 29.3% 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 Park?

Based on a typical all-in ownership cost of $823/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rainbow Park is $60k/year.

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What industries drive the economy in Rainbow Park?

The largest employment sectors in Rainbow Park are public administration (28%) and information and media (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.