Affordable
Expensive
Expensive
Colorblind friendly
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These days, finding an affordable place to live in the Rainbow area can be challenging. Home prices in Rainbow are now at a median cost of $403,588, higher than the Texas average of $322,096.
The average cost of rent is $827/mo in Rainbow, primarily driven by the current value of real estate in the Rainbow area. In Rainbow, 17.52% of households rent, and 57.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rainbow is $5,795 per month. Households that rent pay about 14.28% of their income on rent here. Rainbow’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mambrino, TX: less expensive homes
- Nemo, TX: less expensive homes
- Glen Rose, TX: less expensive homes
- Pecan Plantation, TX: equally priced homes
- Tolar, TX: less expensive homes
- Paluxy, TX: less expensive homes
- Kopperl, TX: less expensive homes
- Johnsville, TX: higher priced homes
- Bluff Dale, TX: less expensive homes
- Rio Vista, TX: less expensive homes
Cities with Similar Populations
- Union, IL: less expensive homes
- Craig South Highlands, CO: equally priced homes
- Crescent, IA: less expensive homes
- Crystal Springs, FL: less expensive homes
- Cumming, IA: higher priced homes
- Darrow, LA: less expensive homes
- Dent, MN: equally priced homes
- Wanamingo, MN: less expensive homes
- Walford, IA: less expensive homes
- Van Buren, IN: less expensive homes
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