The Rainbow Lakes Estates housing market is somewhat competitive. The median sale price of a home in Rainbow Lakes Estates was $250K last month, up 8.7% since last year. The median sale price per square foot in Rainbow Lakes Estates is $186, up 0.0% since last year.
What is the housing market like in Rainbow Lakes Estates today?
In June 2025, Rainbow Lakes Estates home prices were up 8.7% compared to last year, selling for a median price of $250K. On average, homes in Rainbow Lakes Estates sell after 31 days on the market compared to 72 days last year. There were 28 homes sold in June this year, up from 16 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$249,500
+8.7% YoY | Jun 2025
Based on Redfin calculations of home data from MLS and/or public records.
In Feb '25 - Apr '25, 69% of Rainbow Lakes Estates homebuyers searched to move out of Rainbow Lakes Estates, while 31% looked to stay within the metropolitan area.
Where are people moving to Rainbow Lakes Estates from?
Across the nation, 0.31% of homebuyers searched to move into Rainbow Lakes Estates from outside metros.
Miami homebuyers searched to move into Rainbow Lakes Estates more than any other metro followed by New York and Orlando.
Where are people from Rainbow Lakes Estates moving to?
31% of Rainbow Lakes Estates homebuyers searched to stay within the Rainbow Lakes Estates metropolitan area.
Cleveland was the most popular destination among Rainbow Lakes Estates homebuyers followed by Charlotte and Chattanooga.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
View houses in Rainbow Lakes Estates that sold recently
Learn about schools in the Rainbow Lakes Estates area
Elementary
Middle
High
GreatSchools Rating
3/10
Romeo Elementary School
Public • PreK-5
707
Students
8 reviews
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Rainbow Lakes Estates housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Rainbow Lakes Estates.
Flood Factor - Moderate
20% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Rainbow Lakes Estates has a moderate risk of flooding. 1,883 properties in Rainbow Lakes Estates are likely to be
severely affected
by flooding over the next 30 years. This represents 20% of all properties in Rainbow Lakes Estates. Flood risk is increasing slower than the national average.
99% of properties are at risk of wildfire over the next 30 years
Fire Factor
Rainbow Lakes Estates has a moderate risk of wildfire. There are 12,594 properties in Rainbow Lakes Estates that have some risk of being affected by wildfire over the next 30 years. This represents 99% of all properties in Rainbow Lakes Estates.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Rainbow Lakes Estates has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Rainbow Lakes Estates is most at risk from hurricanes. 12,595 properties in Rainbow Lakes Estates have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 157 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 165 mph.
58% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Rainbow Lakes Estates has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 58% of homes in Rainbow Lakes Estates have a Severe Heat Factor®.
Rainbow Lakes Estates is expected to see a 228% increase in the number of days over 106ºF over the next 30 years. Rainbow Lakes Estates is expected to experience 8