Home Price Key
Affordable
Average
Expensive
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 $213,192, lower than the Texas average of $235,268.
The average cost of rent is $937/mo in Rainbow, primarily driven by the current value of real estate in the Rainbow area. While nearly 48.82% of residents own their homes outright in Rainbow, 17.98% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rainbow is $4,999 per month. Households that rent pay about 18.74% of their income on rent here. Rainbow's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Mambrino, TX: less expensive homes
- Nemo, TX: higher priced homes
- Glen Rose, TX: higher priced homes
- Pecan Plantation, TX: higher priced homes
- Tolar, TX: less expensive homes
- Paluxy, TX: higher priced homes
- Kopperl, TX: less expensive homes
- Johnsville, TX: higher priced homes
- Bluff Dale, TX: higher priced homes
- Rio Vista, TX: less expensive homes
Cities with Similar Populations
- Union, IL: higher priced homes
- Craig South Highlands, CO: higher priced homes
- Crescent, IA: higher priced homes
- Crystal Springs, FL: higher priced homes
- Cumming, IA: higher priced homes
- Darrow, LA: equally priced homes
- Dent, MN: higher priced homes
- Wanamingo, MN: equally priced homes
- Walford, IA: equally priced homes
- Van Buren, IN: less expensive homes
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