Housing in Rainbow City, Alabama
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| Median Home Age | 30.3 | 35.1 |
| Median Home Cost | $121,800 | $153,800 |
| Home Appreciation | 2.71% | 1.62% |
| Homes Owned | 57.04% | 57.69% |
| Housing Vacant | 9.29% | 11.38% |
| Homes Rented | 33.68% | 30.93% |
| Property Tax Rate | $3.13 | $11.20 |
OWNER-OCCUPIED HOUSING UNITS BY VALUE
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| Less Than $20,000 | 3.20% | 2.72% |
| $20,000 to $39,999 | 4.16% | 4.03% |
| $40,000 to $59,999 | 5.53% | 5.58% |
| $60,000 to $79,999 | 6.29% | 7.09% |
| $80,000 to $99,999 | 8.08% | 8.80% |
| $100,000 to $149,999 | 30.19% | 21.26% |
| $150,000 to $199,999 | 20.32% | 14.87% |
| $200,000 to $299,999 | 15.94% | 16.82% |
| $300,000 to $399,999 | 4.42% | 7.83% |
| $400,000 to $499,999 | 1.11% | 4.04% |
| $500,000 to $749,999 | 0.34% | 4.05% |
| $750,000 to $999,999 | 0.04% | 1.26% |
| $1,000,000 or more | 0.42% | 1.64% |
HOUSING UNITS BY YEAR STRUCTURE BUILT
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| 1999 to 2005 | 14.56% | 13.71% |
| 1995 to 1998 | 13.96% | 14.31% |
| 1990 to 1994 | 13.96% | 14.31% |
| 1980 to 1989 | 21.26% | 13.87% |
| 1970 to 1979 | 26.04% | 16.17% |
| 1960 to 1969 | 14.68% | 11.70% |
| 1950 to 1959 | 6.39% | 11.08% |
| 1940 to 1949 | 2.02% | 6.02% |
| 1939 or Earlier | 1.10% | 13.15% |
The median home value in Rainbow City, AL, is $121,800. Home appreciation is 2.71% over the last year. The median age of Rainbow City, AL, real estate is 30 years.
Rainbow City, AL Apartments and Rentals
Renters make up 33.68% of the Rainbow City, AL, population. 9.29% of houses and apartments in Rainbow City, AL, are unoccupied (vacancy rate).
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