Rainbow, CA Real Estate

According to census data in the year 2000 there were 759 housing units in Rainbow. This represents a 4.4% growth from 727 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 759 were located in what is classified as a rural area.

Homeownership rate in Rainbow is about 70.1%. Rainbow's vacancy rate, including seasonal lodging, is about 2.5%. Average household size is 2.84 people.

The majority of houses, apartments or condos in Rainbow were built after 1975.


Housing Size

Housing Units by Size
Studio Type4.60%
One Bedroom6.60%
Two Bedrooms39.40%
Three Bedrooms36.90%
Four Bedrooms11.70%
Five Bedrooms or more0.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.57
Median year structure was built1976
Median Value of occupied units$242,000

Rented Homes, Apartments and Condos

Average Household Size3.46
Median year structure was built1970

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4%
Home Equity Loan6.70%
Simple Mortgage58.60%
Debt Free30.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20.2%