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Housing Affordability in Rainbow Lakes Estates, FL
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 26.5%
- Florida 37.7%
- Renters paying 30%+
- 34.8%
- Florida 60.1%
- Homeowners paying 30%+
- 25.6%
- Florida 27.5%
- Owner costs with a mortgage
- $1,388/mo
- Florida $1,959/mo
Rainbow Lakes Estates has fewer than 10,000 residents, so these survey estimates have wide margins of error. Compare with care.
Housing costs compared with income
- Renters paying 30% or more4634.8%
- Homeowners paying 30% or more34325.6%
- Renters paying 50% or more1511.4%
- Median rent as a share of income: 21.4%
- Median owner costs as a share of income, with a mortgage: 30.1%
- Median owner costs without a mortgage: $344/mo
- Median home value divided by median household income: 3.2
How it compares
Swipe the table sideways to see more columns.
| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Rainbow Lakes Estates, FL | 26.5% | 34.8% | 25.6% | 21.4% |
| Marion County | 29.6% | 52.7% | 23.6% | 31.4% |
| Florida | 37.7% | 60.1% | 27.5% | 35.2% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Rainbow Lakes Estates, FL?
- In Rainbow Lakes Estates, FL, 26.5% of households spend 30% or more of their income on housing costs.
- How does Rainbow Lakes Estates compare with Florida?
- The households paying 30%+ for housing in Rainbow Lakes Estates is 26.5%, compared with 37.7% for Florida as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates