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Affordable
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These days, finding an affordable place to live in the Rainbow Valley area can be challenging. Home prices in Rainbow Valley are now at a median cost of $447,659, higher than the Arizona average of $421,436.
The average cost of rent is $1,560/mo in Rainbow Valley, primarily driven by the current value of real estate in the Rainbow Valley area. In Rainbow Valley, 6.38% of households rent, and 33.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rainbow Valley is $8,024 per month. Households that rent pay about 19.44% of their income on rent here. Rainbow Valley’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Liberty, AZ: equally priced homes
- Maricopa Village, AZ: less expensive homes
- Perryville, AZ: less expensive homes
- Maricopa Colony, AZ: less expensive homes
- Palo Verde, AZ: less expensive homes
- Laveen Village, AZ: less expensive homes
- Santa Cruz, AZ: equally priced homes
- Laveen, AZ: equally priced homes
- Arlington, AZ: less expensive homes
- Sacate, AZ: less expensive homes
Cities with Similar Populations
- Amsterdam, OH: less expensive homes
- Butternut, WI: less expensive homes
- Burwell, NE: less expensive homes
- Brookdale, CA: higher priced homes
- Brodnax, VA: less expensive homes
- Britton, SD: less expensive homes
- Bowmansville, NY: less expensive homes
- Bowman, ND: less expensive homes
- Blue Mound, IL: less expensive homes
- Beckville, TX: less expensive homes
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