In Rainbow Springs, a typical home is worth $310,600 and typical rent is $1,112 a month. Compared with all of Marion County, the typical home value is 28% higher, typical rent is 13% lower, and the share of households that own their home is 13 points higher.
Rainbow Springs is in Marion County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Marion County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Beverly Hills, the typical home value is $164,500: 47% less than in Rainbow Springs ($310,600).
2
Rainbow Springs has the 25th highest homeownership rate of the 481 cities in Florida with more than 5,000 people (91%).
3
The typical home in Rainbow Springs is worth $310,600,28% more than in Marion County as a whole ($243,100).
4
Rainbow Springs has the 35th lowest typical rent of the 471 cities in Florida with more than 5,000 people ($1,112).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Rainbow Springs
What homes there are in Rainbow Springs, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Rainbow Springs
Marion County
Florida
United States
Kind of home: Rainbow Springs and its comparisons
Measure
Rainbow Springs
Marion County
Florida
United States
Detached house
96%
68%
55%
61%
Attached house
Unreliable estimate
3%
7%
6%
Building of 2 to 4
Unreliable estimate
5%
6%
8%
Apartments (5 or more)
Unreliable estimate
7%
25%
19%
Mobile home
Unreliable estimate
18%
8%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
Detached houses, standing on their own, make up 96% of homes here, against 68% in Marion County.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Rainbow Springs
Marion County
Florida
United States
Year built: Rainbow Springs and its comparisons
Measure
Rainbow Springs
Marion County
Florida
United States
Before 1960
Unreliable estimate
5%
10%
26%
1960–1979
9%
19%
24%
24%
1980–1999
51%
38%
34%
25%
2000–2009
30%
24%
18%
14%
2010 or later
Unreliable estimate
14%
14%
11%
By age, homes in Rainbow Springs look like those in Marion County: the typical year built is 1996.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300K30%
$300K–$500K46%
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Rainbow Springs and its comparisons
Measure
Rainbow Springs
Under $100K
Unreliable estimate
$100K–$200K
Unreliable estimate
$200K–$300K
30%
$300K–$500K
46%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Rainbow Springs and its comparisons
Measure
Rainbow Springs
Under $500
Unreliable
$500–$999
Unreliable estimate
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,394 a month
Marion County: $1,406 a month
Without a mortgage
$580 a month
Marion County: $499 a month
Owners with a mortgage
44%
Marion County: 49%
Owning costs about the same in Rainbow Springs as in Marion County: with a mortgage, $1,394 a month; without one, $580.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Rainbow SpringsBoundaries changed
Marion County+74%
Florida+67%
United States+53%
Typical rent
Rainbow SpringsBoundaries changed
Marion County+43%
Florida+42%
United States+33%
Typical household income
Rainbow SpringsBoundaries changed
Marion County+35%
Florida+34%
United States+29%
Change since 2015–2019: Rainbow Springs and its comparisons
Measure
Rainbow Springs
Marion County
Florida
United States
Typical home value
Boundaries changed
+74%
+67%
+53%
Typical rent
Boundaries changed
+43%
+42%
+33%
Typical household income
Boundaries changed
+35%
+34%
+29%
The Census does not compare Rainbow Springs with 2015–2019 because its boundaries changed. In Marion County, over that time, the typical home value rose 74%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Rainbow Springs and its comparisons
Measure
Rainbow Springs
Marion County
Florida
United States
Rental vacancy
Unreliable estimate
9.1%
7.6%
5.5%
Homeowner vacancy
Unreliable estimate
1.6%
1.4%
0.9%
More than one person per room
Unreliable estimate
2.1%
3.3%
3.4%
People per household
2.10
2.37
2.51
2.53
Drive alone
66%
75%
70%
69%
Carpool
Unreliable estimate
11%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
1%
2%
3%
Work from home
Unreliable estimate
12%
16%
15%
Other means
Unreliable estimate
1%
2%
2%
Typical commute
30 to 39 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
On average, a household in Rainbow Springs has 2.10 people, fewer than in Marion County (2.37).
In Rainbow Springs, 66% of workers drive alone to work; in Marion County, 75%.
Do the math
What would you pay each month for a home in Rainbow Springs?
A typical home costs more than the typical income allows
We start with a typical home in Rainbow Springs, worth $310,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 53% of the typical household income in Rainbow Springs, which is $57,161 a year. For that payment to be 28% of income, a household would need to earn about $107,853 a year.
The calculator's FHA and conventional loan limits are those of all of Marion County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Rainbow Springs. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $10,871 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,517
at 7.18% · 30 years
Loan amount
$304,974
Total interest
$438,786
Paid off in
November 2056
Includes $5,245 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,334 a month
Tight
$1,334 to $1,715 a month
Hard
more than $1,715 a month
Your payment · 53%
Compared with the typical household income in Rainbow Springs ($57,161 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,066
Property tax
$184
Home insurance
$129
FHA mortgage insurance (MIP)
$137
You need at least $10,871 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $2,517; principal and interest $2,066.
The city and its county
Rainbow Springs and Marion County
Rainbow Springs is in Marion County, Florida. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Rainbow Springs
Map of Marion County, Florida, with Rainbow Springs marked. Around it, the neighboring counties.
Rainbow Springs
Marion County
Other cities with a page
Rainbow Springs's own numbers
Typical home value
$310,600
Typical monthly rent
$1,112
Typical yearly household income
$57,161
Households that own their home
91%
Effective property tax rate
0.71%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Marion County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,394
Price change over 5 years (FHFA)
+63%
Homes in a high flood-risk zone
4.6%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Marion County.
A typical home in Rainbow Springs is worth $310,600: 28% above the county and 13% below Florida. With the typical household income in Rainbow Springs ($57,161 a year), a typical home costs 5.4 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Rainbow Springs5.4 years
Marion4.0 years
Florida4.8 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Marion County
According to FHFA’s house price index, home prices in Marion County rose 132% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Marion County.
Yearly change in FHFA’s price index in Marion County, 2016 to 2025
2016: +7.2% +7.2% 2016
2017: +8.5% +8.5% 2017
2018: +8.5% +8.5% 2018
2019: +7.7% +7.7% 2019
2020: +4.8% +4.8% 2020
2021: +17.1% +17.1% 2021
2022: +26.3% +26.3% 2022
2023: +6.6% +6.6% 2023
2024: +2.8% +2.8% 2024
2025: +0.8% +0.8% 2025
Change in FHFA’s price index in Marion County, Florida and the United States
Period
County
Florida
U.S.
Last year (2025)
+0.8%
−0.5%
+2.9%
5 years (2020–2025)
+63%
+60%
+47%
10 years (2015–2025)
+132%
+127%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Rainbow Springs next to Marion County, Florida and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Rainbow Springs$310,600
Marion$243,100
Florida$359,000
United States$332,700
Typical monthly rent
Rainbow Springs$1,112
Marion$1,277
Florida$1,669
United States$1,413
Typical yearly household income
Rainbow Springs$57,161
Marion$61,010
Florida$74,568
United States$80,734
See the full table
Rainbow Springs next to Marion County and Florida
Measure
Rainbow Springs
Marion County
Florida
U.S.
Typical home value
$310,600 ▲28% above the county
$243,100
$359,000
$332,700
Typical monthly rent
$1,112 ▼13% below the county
$1,277
$1,669
$1,413
Typical yearly household income
$57,161 ▼6% below the county
$61,010
$74,568
$80,734
Households that own their home
91% ▲13 points above the county
77%
68%
65%
Typical yearly property tax
$2,210 ▲22% above the county
$1,806
$2,730
$3,119
Effective property tax rate
0.71% ▼0.03 points below the county
0.74%
0.76%
0.94%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Marion County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Rainbow Springs
For a typical $310,600 home in Rainbow Springs, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Rainbow Springs's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,517a month
Least cash to close
Down payment
$10,871
Cash to close
$20,189
Rate
7.18%
Mortgage insurance
FHA MIP · $137
Conventional, 5% down$2,460a month
Down payment
$15,530
Cash to close
$24,848
Rate
7.18%
Mortgage insurance
PMI · $148
Conventional, 20% down, no PMI$1,996a month
Down payment
$62,120
Cash to close
$71,438
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,284a month
Down payment
$46,590
Cash to close
$55,908
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Rainbow Springs
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,517
$10,871
$304,974
7.18%
FHA MIP · $137
$20,189
580
Conventional, 5% down
$2,460
$15,530
$295,070
7.18%
PMI · $148
$24,848
620*
Conventional, 20% down, no PMI
$1,996
$62,120
$248,480
7.18%
None
$71,438
620*
ITIN, 15% down (example)
$2,284
$46,590
$264,010
8.18%
None
$55,908
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Rainbow Springs is $1,112 a month: 13% below the county.
HUD publishes a fair market rent for all of Marion County, by unit size. To pay the 2-bedroom one ($1,394 a month) without spending more than 30% of your income, you would need to earn $26.81 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Marion County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,194
$22.96
$47,760
1 bedroom
$1,201
$23.10
$48,040
2 bedrooms
$1,394
$26.81
$55,760
3 bedrooms
$1,836
$35.31
$73,440
4 bedrooms
$1,925
$37.02
$77,000
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Rainbow Springs
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Rainbow Springs has 2 ZIP codes with their own.
For 2 bedrooms it is $1,240 in all of them.
None is above the fair market rent for Marion County ($1,394).
Fair market rent by ZIP code and size in Rainbow Springs, fiscal year 2027.
34431
$1,020
$1,060
$1,240
$1,600
$1,720
34432
$1,030
$1,060
$1,240
$1,600
$1,720
ZIP code2 bd3 bd
34431 $1,240$1,600
34432 $1,240$1,600
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Rainbow Springs when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 2 HUD-approved agencies with an office in Marion County; 1 says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Rainbow Springs or Marion County. The ones below are statewide in Florida: they work in Rainbow Springs the same as in the rest of the state.
Florida Housing second loan with no interest and no monthly payments, repaid when you sell or refinance.Offered by Florida Housing Finance Corporation.
The HUD-approved agencies closest to the center of Rainbow Springs, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
No legal help resource on our list is for Rainbow Springs or Marion County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Rainbow Springs and all of Marion County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Rainbow Springs?
The typical home value in Rainbow Springs is $310,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Marion County it is $243,100.
How much does it cost to rent in Rainbow Springs?
Typical rent in Rainbow Springs is $1,112 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Marion County is $1,394.
What is the FHA loan limit in Rainbow Springs?
Rainbow Springs uses the FHA limit for all of Marion County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Rainbow Springs?
The typical homeowner in Rainbow Springs pays $2,210 a year, according to the U.S. Census Bureau. That is 0.71% of the home’s value; in Marion County, the rate is 0.74%.
Where can I find free help to buy or rent in Rainbow Springs?
There are 2 HUD-approved counseling agencies with an office in Marion County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.
