The Rainbow Springs housing market is somewhat competitive. The median sale price of a home in Rainbow Springs was $327K last month, down 0.88% since last year. The median sale price per square foot in Rainbow Springs is $185, up 0.5% since last year.
What is the housing market like in Rainbow Springs today?
In May 2025, Rainbow Springs home prices were down 0.88% compared to last year, selling for a median price of $327K. On average, homes in Rainbow Springs sell after 69 days on the market compared to 58 days last year. There were 22 homes sold in May this year, up from 21 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$327,000
-0.88% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Rainbow Springs, FL
$327,000
-0.88%
United States
To compare other locations to the Rainbow Springs and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Rainbow Springs add value to a home.
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How hot is the Rainbow Springs housing market?
Rainbow Springs is somewhat competitive. Homes sell in 77.5 days.
0
100
34
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 78 days.
Hot homes
can sell for around list price and go pending in around 16 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Rainbow Springs, FL
97.6%
-0.26 pt
United States
Rainbow Springs Migration & Relocation Trends
In Feb '25 - Apr '25, 69% of Rainbow Springs homebuyers searched to move out of Rainbow Springs, while 31% looked to stay within the metropolitan area.
Where are people moving to Rainbow Springs from?
Across the nation, 0.31% of homebuyers searched to move into Rainbow Springs from outside metros.
Miami homebuyers searched to move into Rainbow Springs more than any other metro followed by New York and Orlando.
Where are people from Rainbow Springs moving to?
31% of Rainbow Springs homebuyers searched to stay within the Rainbow Springs metropolitan area.
Cleveland was the most popular destination among Rainbow Springs 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.
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 Springs housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Rainbow Springs.
Flood Factor - Minor
18% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Rainbow Springs has a minor risk of flooding. 479 properties in Rainbow Springs are likely to be
severely affected
by flooding over the next 30 years. This represents 18% of all properties in Rainbow Springs. 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 Springs has a major risk of wildfire. There are 4,486 properties in Rainbow Springs that have some risk of being affected by wildfire over the next 30 years. This represents 99% of all properties in Rainbow Springs.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Rainbow Springs has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Rainbow Springs is most at risk from hurricanes. 4,487 properties in Rainbow Springs 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 155 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 160 mph.
67% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Rainbow Springs has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 67% of homes in Rainbow Springs have a Severe Heat Factor®.
Rainbow Springs is expected to see a 242% increase in the number of days over 106ºF over the next 30 years. Rainbow Springs is expected to experience 8