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Rainbow Lakes Estates, FL
Full City Profile · Florida · Levy County County
2.9
/5.0
C+
Fair
3,376
Population
213/sq mi density
$50,298
Median Income
$24,334 per capita
$144,500
Home Value
$267,833 Zillow
$766
Median Rent
19.2% income on rent
69°F
Avg Temperature
314 sunny days/yr
511
Violent Crime/100K
3,348 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$50,298 median income, 1.6% unemployment
A+
Affordability
5.0 / 5.0
$144,500 home value, $766/mo rent
F
Safety
1.0 / 5.0
511 violent crimes/100K (34% above avg)
D
Education
1.8 / 5.0
10.2% bachelor's degree or higher
Housing Overview
Median Home Value
$144,500
49% below
US avg: $281,900
Median Rent
$766/mo
34% below
US avg: $1,163/mo
Homeownership Rate
86.1%
32% above US avg (65.4%)
Total Housing Units
1,774
Median year built: 1984
Home Value by Source
Census Median
$144,500
Zillow (ZHVI)
$267,833
Median Sale Price
$268,750
Median List Price
$244,250
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
86.1%
Owner-Occupied
13.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,212/mo
1 Bedroom
$1,296/mo
2 Bedroom
$1,526/mo
3 Bedroom
$1,971/mo
4 Bedroom
$2,261/mo
Census median rent:
$766/mo
Market Indicators (Redfin)
Median Days on Market
42 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
22
Price Drops
27.3%
of listings with price reduction
Price Per Sq Ft
$184
Active Inventory
88
homes for sale
Affordability & Housing Stock
Rent Burden
19.2%
of renters spending 30%+ of income on housing
38% below US avg (31.0%)
Median Year Built
1984
Average age of housing stock: 42 years
Homeownership Rate
86.1%
Complete Housing Data
Home Values
| Census Median Value | $144,500 |
| Zillow Home Value (ZHVI) | $267,833 |
| Median Sale Price | $268,750 |
| Median List Price | $244,250 |
| Price Per Sq Ft | $184 |
Rent
| Census Median Rent | $766 |
| FMR Studio | $1,212 |
| FMR 1-Bedroom | $1,296 |
| FMR 2-Bedroom | $1,526 |
| FMR 3-Bedroom | $1,971 |
| FMR 4-Bedroom | $2,261 |
Market
| Days on Market | 42 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 27.3% |
| Homes Sold | 22 |
| Active Inventory | 88 |
| Price Per Sq Ft | $184 |
Ownership & Stock
| Owner-Occupied | 86.1% |
| Renter-Occupied | 13.9% |
| Homeownership Rate | 86.1% |
| Total Housing Units | 1,774 |
| Median Year Built | 1984 |
| Rent Burden | 19.2% |