Rainbow Hills October First-Time Homebuyer Report

Rainbow Hills has one of the fastest growing populations in San Antonio with a 16.4% increase over the last 10 years. Despite being ranked first for growth, it's currently only ranked 25th in terms of total population with 6,626 residents. Homes in Rainbow Hills are relatively old with a median age of 36 years. Leading the list of best schools in the neighborhood are Huebner Elementary School, Bush Middle School, and International School of America.

Price Range

Homes in Rainbow Hills are generally less expensive than others in the city with a median home value of $72,041 and an average list price of $106,303. While home sales in the Rainbow Hills market have been above average, in this week's report they slid 33.3% to four homes sold over the last 30 days.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Rainbow Hills:

$140K   $109K  

Typical Dwelling

The typical dwelling in Rainbow Hills is a three-bedroom detached home worth about $101,457. To purchase a similar home, a buyer with good credit and a $20,291 cash down payment could obtain a mortgage with a 3.95% interest rate and a $583 monthly payment. The property tax rate is $19.31 per $1,000 of taxable assessed value.

Get started right now by checking out Rainbow Hills homes for sale or reviewing Rainbow Hills real estate trends.

Data reported through 10/13/2016


Ask a local expert about this area:
The Home Team of America
22 reviews
Better Homes And Gardens Bradfield Properties
Snapped 1 home in this area
Keller Williams Heritage Realty
Snapped 3 homes in this area

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