Florida · Census place 59450
Rainbow Lakes Estates CDP, FL
Quick answer
Rainbow Lakes Estates CDP has 3,376 residents, ranking #569 of 955 places in Florida. Median household income is $50,298, the median home is worth $144,500 and median gross rent runs $766 a month.
- Population
- 3,376Rainbow Lakes Estates CDP residents
- Median household income
- $50,298Past 12 months, inflation adjusted
- Median home value
- $144,500Owner-occupied units
- Median gross rent
- $766Rent plus utilities, monthly
- Median age
- 51.8 yrsAll residents
- Homeownership rate
- 86.1%Owner-occupied households
What the numbers mean in Rainbow Lakes Estates CDP
Housing cost measured against local earnings.
A household earning the Rainbow Lakes Estates CDP median would spend about 18.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 11% of residents and 86.1% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
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- Feather Sound CDP 3,309
- Frostproof city 3,289
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