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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4.60% |
| One Bedroom | 6.60% |
| Two Bedrooms | 39.40% |
| Three Bedrooms | 36.90% |
| Four Bedrooms | 11.70% |
| Five Bedrooms or more | 0.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.57 |
| Median year structure was built | 1976 |
| Median Value of occupied units | $242,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.46 |
| Median year structure was built | 1970 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4% |
| Home Equity Loan | 6.70% |
| Simple Mortgage | 58.60% |
| Debt Free | 30.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.2% |
