Rainbow First-Time Homebuyer Report for October

Rainbow is a small city in California with a median income of $57,633 per household. Besides being affluent, its population is younger than others with a median age of 45 years. The Rainbow market is almost exclusively made up of detached homes, currently accounting for 100% overall. The best school in the city is Vallecitos Elementary School.


According to Foursquare, Rainbow Ranch is the most popular spot to grab a drink in Rainbow. If you'd like to shop, a popular place is Rainbow Oaks Country Market. And finally, Rainbow Oaks Restaurant is a frequently visited spot to eat.

Price Range

The median value of homes in Rainbow is $410,700, making it one of the most valuable areas in California. At the same time, the average list price of available homes is presently $748,158.

Out of all the listings in Rainbow, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$1.4M   $399K   $429K  

Typical Dwelling

The typical dwelling in Rainbow is a three-bedroom detached home worth about $745,900. To purchase a similar home, a buyer with good credit and a $149,180 cash down payment could obtain a mortgage with a 3.95% interest rate and a $4,501 monthly payment. The property tax rate is $7.35 per $1,000 of taxable assessed value.

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

Data reported through 10/13/2016


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