The housing market in Rainbow, SD is thriving, with a median value of $207,200 that is much lower than the US median of $338,100. In the past year, the house appreciation in Rainbow has been an impressive 14.45%, more than double the US average of 8.27%. This indicates that Rainbow is a great place to invest in real estate and with prices still relatively low, it's an attractive location for potential home buyers.
The median home cost in Rainbow is $207,200. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Rainbow is up 17.2%.
Average Age of Homes
- The median age of Rainbow real estate is 78 years old
The Rental Market in Rainbow
- Renters make up 60.0% of the Rainbow population
- 0.0% of houses and apartments in Rainbow, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.