Rainbow Springs, FL housing market
Homes typically sell in 40 days, below asking.
Home values, sales, trends and how Rainbow Springs compares with the towns next door — updated as new data is published.
Rainbow Springs at a glance
A balanced market
About 4.6 months of supply: neither buyers nor sellers have a clear edge.
Home prices up 77% in 5 years
The federal house price index for the ZIP codes around Rainbow Springs rose 77% over the past 5 years, faster than across Florida (60%). Last year prices rose 3.6%. Carrying the Census median home value forward with that index puts the typical Rainbow Springs home at roughly $603,000 today.
Show as a table
| Year | Change that year | Since 2000 | Florida since 2000 |
|---|---|---|---|
| 2025 | +3.6% | +213% | +264% |
| 2024 | +2.9% | +202% | +266% |
| 2023 | +6% | +194% | +254% |
| 2022 | +28% | +177% | +226% |
| 2021 | +23% | +117% | +163% |
| 2020 | +1% | +77% | +128% |
| 2019 | +8.4% | +75% | +117% |
| 2018 | +10% | +61% | +106% |
| 2017 | +1% | +46% | +90% |
| 2016 | +18% | +45% | +76% |
| 2015 | +3.6% | +23% | +61% |
| 2014 | +7.1% | +19% | +47% |
| 2013 | +6.2% | +11% | +34% |
| 2012 | −1.8% | +4.4% | +24% |
| 2011 | −15% | +6.3% | +26% |
| 2010 | −9.6% | +25% | +36% |
| 2009 | −23% | +39% | +50% |
| 2008 | −14% | +80% | +83% |
| 2007 | −2.1% | +109% | +117% |
| 2006 | +20% | +114% | +123% |
| 2005 | +31% | +78% | +92% |
| 2004 | +16% | +36% | +51% |
| 2003 | +3.6% | +17% | +30% |
| 2002 | +6.8% | +13% | +20% |
| 2001 | +6.1% | +6.1% | +9.7% |
| 2000 | — | — | — |
How Rainbow Springs ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 34432, 34431, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
Rainbow Springs and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Rainbow Springs | — | +3.6%† | $1,210 | — | $57,161 |
| Dunnellon | $269K | −1.7% | $1,210 | 4 | $40,545 |
† FHFA price index change, where Zillow has no home value for the town.
5.4 years of income
The typical Rainbow Springs home costs about 5.4 years of the town's median household income, more than across Florida (5 years).
How Rainbow Springs ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,210
HUD's Fair Market Rent for a two-bedroom in Rainbow Springs is $1,210 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Rainbow Springs pay a median of $1,112. A two-bedroom takes about 25% of the town's median household income.
Studio $970 · 4 bedrooms $1,670
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (34431, 34432; Ocala, FL MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.