Rainbow Lakes Estates: Housing & Real Estate
$160,400 is the median home value in Rainbow Lakes Estates (estimated market value runs 8% higher at $172,702), with median rent $1,030 (1.2× below Marion County median $1,277; 1.6× below Florida median $1,669). Homeownership rate: 90.3%. That's 1.5× below the Marion County median ($243,100); 2.2× below the Florida median ($359,000). Market is warm. Vacancy rate 18.4%. New construction makes up 4.4% of stock. A municipal building code is in effect.
- 3.2× annual income — home value vs. household income (vs Florida 5.1×).
- 13.0 years to break even renting at the median (vs Florida 18y).
- 4-BR rent is 1.8× a studio — rent gradient by unit size.
- Median rent runs 5% above HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $160,400 — 0.4× the Florida median ($369,200). Median rent $1,030/month. homeownership rate 90.3% — above the U.S. share of ~65%.
| Affordability · Home Price To Income | 3.2× |
|---|---|
| Affordability · Home Affordability | moderate |
| Affordability · Rent Pct Income | 18.2% |
| Affordability · Rent Affordability | affordable |
| Affordability · Pct Severely Rent Burdened | 34.8% |
| Affordability · Poverty Rate | 11.9% |
| Affordability · Property Tax Pct Income | 2.6% |
| Fair Market Rent · Studio rent | $735 (vs Florida $1,593) |
| Fair Market Rent · One-bedroom rent | $831 (vs Florida $1,696) |
| Fair Market Rent · Two-bedroom rent | $974 (vs Florida $1,972) |
| Fair Market Rent · Three-bedroom rent | $1,238 (vs Florida $2,527) |
| Fair Market Rent · Four-bedroom rent | $1,290 (vs Florida $3,027) |
| Fair Market Rent · HUD FMR area | Levy County, FL HUD Metro FMR Area |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $172,702 |
| Median Home Value | $160,400 (vs Florida $369,200) |
| Median Rent | $1,030 (vs Florida $1,711) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 18.4% |
| Housing Market · New construction (% of stock) | 4.4% |
| Housing Market · Price Appreciation 2Yr | 11.0% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (5)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Florida median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Florida median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Florida median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 58.9% (vs Florida 74.2%) |
| Broadband · Broadband-capable premises | 1,698 |
| Electricity · Electricity rate (¢/kWh) | 14.14¢/kWh |
| Electricity · Customers | 10443373 |
| Electricity · Revenue Millions | $19,561 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at Florida median) |
| Mobile Broadband · 5G mobile coverage | 0.962962963 (vs Florida 100.0%) |
| Mobile Home Parks Detail · County total | 2 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 90.3% (vs Florida 64.3%) |
|---|---|
| Median Year Built | 1984 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12