The Rainbow Lake housing market is somewhat competitive. The median sale price of a home in Rainbow Lake was $530K last month, down 16.5% since last year.
What is the housing market like in Rainbow Lake today?
In September 2024, Rainbow Lake home prices were down 16.5% compared to last year, selling for a median price of $530K.
$540K
Sale Price
$356
Sale $/Sq. Ft.
Under List Price
2.1%
Days on Market
37
Down Payment
—
Total Homes Sold
3
To compare other locations to the Rainbow Lake and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Delray Beach add value to a home.
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Work with the best agents in Rainbow Lake
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How hot is the Rainbow Lake housing market?
Rainbow Lake is somewhat competitive. Homes sell in 37 days.
0
100
52
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 12 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 37 days.
Hot homes
can sell for around list price and go pending in around 25 days.
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 Lake housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Rainbow Lake.
Flood Factor - Minor
22% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Rainbow Lake has a minor risk of flooding. 11 properties in Rainbow Lake are likely to be
severely affected
by flooding over the next 30 years. This represents 22% of all properties in Rainbow Lake. Flood risk is increasing slower than the national average.
31% of properties are at risk of wildfire over the next 30 years
Fire Factor
Rainbow Lake has a moderate risk of wildfire. There are 81 properties in Rainbow Lake that have some risk of being affected by wildfire over the next 30 years. This represents 31% of all properties in Rainbow Lake.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Rainbow Lake has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Rainbow Lake is most at risk from hurricanes. 258 properties in Rainbow Lake 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 49 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 51 mph.