Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Rainbow Springs

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

Median Home$279,732
Median Rent$1,164/month
Population5,267
Leading IndustriesFinance & Insurance · Information & Media · Manufacturing10% finance & insurance
Home Value Growth⬆⬆⬆+42.5% over 2 years
Retirees50% of residentstop 1% nationally
Homeowners91% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
Rainbow Springs
FL

Explore Rainbow Springs

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

Frequently Asked Questions

What are today's mortgage rates in Rainbow Springs?

As of today, the 30-year fixed mortgage rate for Rainbow Springs is approximately 6.952% (6.990% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Rainbow Springs
What is the median home price in Rainbow Springs?

The median home value in Rainbow Springs is $280k. The median monthly rent is $1,164. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rainbow Springs?

Home values in Rainbow Springs have increased 42.5% 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 Springs?

Based on a typical all-in ownership cost of $845/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rainbow Springs is $53k/year.

Calculate your buying power
What industries drive the economy in Rainbow Springs?

The largest employment sectors in Rainbow Springs are public administration (22%) and information and media (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.