A typical Rainbow home is worth roughly $96,000
What kind of housing town is Rainbow?
Read from the numbers below. The page puts what stands out first.
A typical home costs 4.1 years of income
Less than across Arizona (5.2 years). Try your own numbers below.
That’s $1K short of a typical Rainbow home.
A two-bedroom rents for about $1,270 a month here, $730 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Arizona typical property tax (0.48% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,270
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Gila County, AZ): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
74% of Rainbow households own their home
Half of Rainbow’s homes were built before 1988.
Arizona: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
Rainbow vs. its neighbors
Rainbow is the 2nd least expensive of 3 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Rainbow | $96K* | — | $1,270 | $23,311 |
| Whiteriver | $60K* | — | $1,270 | $37,440 |
| North Fork | $105K* | — | $1,270 | $123,313 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Rainbow buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.