Rainbow Lakes Estates / Rainbow Springs median real estate price is $334,686, which is less expensive than 64.8% of Florida neighborhoods and 59.8% of all U.S. neighborhoods.
The average rental price in Rainbow Lakes Estates / Rainbow Springs is currently $2,018, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 70.3% of Florida neighborhoods.
Rainbow Lakes Estates / Rainbow Springs is a rural neighborhood (based on population density) located in Dunnellon, Florida.
Rainbow Lakes Estates / Rainbow Springs real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Rainbow Lakes Estates / Rainbow Springs neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Rainbow Lakes Estates / Rainbow Springs has a 12.8% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 74.2% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
The Rainbow Lakes Estates / Rainbow Springs neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 97.3% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 95.5% of all neighborhoods in America.
If you're looking for a great spot to raise a family, then look no further than the Rainbow Lakes Estates / Rainbow Springs neighborhood. NeighborhoodScout's analysis found that the combination of good quality public schools, above-average safety from crime, and a high rate of home ownership in predominantly single-family homes, help make this neighborhood among the top 11.5% of family-friendly neighborhoods across the state of Florida. In addition, there are a high proportion of other families with school-aged children living here, making it easy for parents and their children to socialize and develop a sense of community support. In addition, families here highly value education, as is reflected by the strength of the local schools, in part due to the educational attainment of the parents here, who vote in support of the public schools.
Did you know that the Rainbow Lakes Estates / Rainbow Springs neighborhood has more Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 9.8% of this neighborhood's residents have Puerto Rican ancestry.
Rainbow Lakes Estates / Rainbow Springs is also pretty special linguistically. Significantly, 1.2% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 95.4% of the neighborhoods in America.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Rainbow Lakes Estates / Rainbow Springs neighborhood in Dunnellon are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 77.2% of U.S. neighborhoods. In addition, 4.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 66.9% of America's neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Rainbow Lakes Estates / Rainbow Springs neighborhood, 29.8% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 26.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (23.6%), and 20.6% in clerical, assistant, and tech support occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Rainbow Lakes Estates / Rainbow Springs neighborhood is English, spoken by 95.0% of households. Other important languages spoken here include Polish and Spanish.
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Rainbow Lakes Estates / Rainbow Springs neighborhood in Dunnellon, FL, residents most commonly identify their ethnicity or ancestry as Irish (15.2%). There are also a number of people of German ancestry (14.4%), and residents who report English roots (12.1%), and some of the residents are also of Puerto Rican ancestry (9.8%), along with some Norwegian ancestry residents (4.0%), among others.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Rainbow Lakes Estates / Rainbow Springs neighborhood spend between 30 and 45 minutes commuting one-way to work (34.3% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (73.5%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (7.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.