Rainbow Lake—12976
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rainbow Lake
As of Oct '25, the median home price in Rainbow Lake is $411,000, with a year-over-year change of -0.5%. This indicates that home prices in Rainbow Lake are flat. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $411,000 | -0.5% |
| Single Family | $412,000 | -0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Rainbow Lake
Rainbow Lake lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Rainbow Lake
As of Oct '25, Realtor.com reports that the median days on market for a home in Rainbow Lake is 66. This is a decrease of -21.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,090,000 | 79.0% |
Listing Count | 3 | 133.0% |
| Listings as % of Homes | N/A | 133.0% |
Days on Market | 66 | -21.0% |
Demographics — Rainbow Lake
As of the latest ACS Survey released in 2023, Rainbow Lake has a population of 196, which has decreased by -8.0% over the past 5 years. Rainbow Lake is a less popular place for families, as children make up 5.1% of the population. The area has a highly educated workforce, with 71.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 196 | -8.0% |
% Under 18 | 5.1% | -32.0% |
% Seniors | 43.4% | 74.3% |
% WFH | 8.0% | -68.3% |
% w/ College Degree | 71.3% | 12.3% |
As of the latest ACS Survey released in 2023, Rainbow Lake is a predominantly white area, with 93.9% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Rainbow Lake is hispanic, making up 6.1% of the population. Foreign-born residents account for 2.6% of the population in Rainbow Lake, and this percentage has decreased by 7.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.9% | -0.9% |
% Black | 0.0% | N/A |
% Hispanic | 6.1% | 577.8% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.6% | -7.1% |
Mortgage and Risk — Rainbow Lake
Rainbow Lake lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Rainbow Lake
Rainbow Lake lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $820 |
| 2 Bedroom | N/A | N/A | $980 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | N/A | N/A | $1,430 |
Affordability — Rainbow Lake
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $411,000 |
| Median Household Income | $70,400 |