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Featured local agent — Rainbow Lakes Estates, FL
Sarah Mitchell
Compass Real Estate · Rainbow Lakes Estates, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Rainbow Lakes Estates, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$270,198median sale price
How is the Rainbow Lakes Estates, FL housing market right now?
The median home sale price in Rainbow Lakes Estates, FL is $270,198, up 10.3% year-over-year. Homes sell in an average of 35 days with 62 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Rainbow Lakes Estates a buyer's or seller's market?
Rainbow Lakes Estates, FL is currently a seller's market, based on 2.3 months of supply and homes selling in about 35 days. How we determine this →
Homes sold
27
Last 12 weeks
Days on market
35
Average pace
Active listings
62
2.3 months supply
Sale-to-list
100.2%
Above asking
What does the Rainbow Lakes Estates housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $270,198 |
| Median list price | $248,900 |
| Year-over-year price change | +10.3% |
| Average days on market | 35 days |
| Active inventory | 62 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 100.2% |
| Median price per sq ft | $174/sq ft |
| Homes sold (latest month) | 27 |
| New listings (latest month) | 19 |
| Listings with a price cut | 21.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Rainbow Lakes Estates by property type?
How the Rainbow Lakes Estates, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $270,198 | $174/sq ft | 27 | 35 days |
Source: Redfin · Updated monthly
The Rainbow Lakes Estates housing market is currently classified as a seller's market with a median sale price of $270,198. Prices have risen 10.3% compared to last year, with homes spending an average of 35 days on market, indicating 2.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Rainbow Lakes Estates
There are currently 62 homes listed for sale in Rainbow Lakes Estates, Florida. The median listing price is $249K.
Active listings
62
Homes on market
Median list price
$249K
Avg. days on market
35
Days until sale
New this week
19
Newly listed
Who lives in Rainbow Lakes Estates?
Population
3,376
Median income
$50,298/yr
Median age
51.8 years
Owner-occupied
86.1%
College grads
10.2%
Avg commute
36.4 min
Source: U.S. Census Bureau ACS
What is it like to live in Rainbow Lakes Estates?
Rainbow Lakes Estates is a community of approximately 3K residents with a median age of 51.8 years.The median household income is $50,298, which represents a working-class community with solid middle-income opportunities. 10.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 86.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 36.4 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Rainbow Lakes Estates offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Rainbow Lakes Estates, FL?
Want a head-to-head view? Compare Rainbow Lakes Estates side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Rainbow Lakes Estates?
The median home sale price in Rainbow Lakes Estates is $270,198, up 10.3% from last year.
How long do homes stay on market in Rainbow Lakes Estates?
Homes typically spend 35 days on market before going under contract.
What is the median income in Rainbow Lakes Estates?
The median household income is $50,298 per year.
Is Rainbow Lakes Estates a buyer's or seller's market?
With 2.3 months of supply, Rainbow Lakes Estates is currently a seller's market.
How much does a single-family home cost in Rainbow Lakes Estates?
The median single-family home price in Rainbow Lakes Estates, FL is $270,198 (about $174 per square foot).
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