USA.com / Alabama / Etowah County / Rainbow City, AL / Housing

Rainbow City, AL Housing

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As of 2010-2014, median price of a house in Rainbow City is $142,000, which is higher than the state average of $123,800 and is lower than the national average of $175,700. The Rainbow City median house value has grown by 31.24% since 2000. The growth rate for the price of a house in Rainbow City is lower than the state average rate of 45.48% and is lower than the national average rate of 46.91%. The median year that a house in Rainbow City was built is 1983, which is newer than the median year for a house built in the state which is 1981 and is newer than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 2,553 Owner Occupied Houses in Rainbow City, AL, #87

Rainbow City, AL	142,000 USD
Alabama	123,800 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #309

Rainbow City, AL	31.24%
Alabama	45.48%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Rainbow City, AL	Alabama	U.S.
Total Housing Units	4,498, see rank, 100%	2,190,638	132,741,033
Occupied Housing Units	4,014, 89.24%, see rank	84.09%	87.55%
Owner Occupied	2,553, 56.76%, see rank	58.17%	56.34%
Renter Occupied	1,461, 32.48%, see rank	25.93%	31.21%
Vacant Housing Units	484, 10.76%, see rank	15.91%	12.45%
For Rent	40, 0.89%, see rank	2.61%	2.34%
For Sale Only	44, 0.98%, see rank	1.54%	1.20%
Rented or Sold, Not Occupied	67, 1.49%, see rank	1.25%	0.92%
For Seasonal, Recreational, or Occasional Use	70, 1.56%, see rank	3.76%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.03%	0.03%
Other Vacant	263, 5.85%, see rank	6.71%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #149

Rainbow City, AL	Alabama	U.S.
1983	1981	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Rainbow City, AL	%	Alabama	U.S.
Owner-Occupied Units	2,553	100%	1,274,196	74,787,460
With a Mortgage	1,509	59.11%, see rank	58.96%	65.58%
Without a Mortgage	1,044	40.89%, see rank	41.04%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Rainbow City, AL	1,202 USD
Alabama	1,159 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Rainbow City, AL	%	Alabama	U.S.
$299 or Less	0	0.00%, see rank	0.23%	0.20%
$300 to $499	9	0.60%, see rank	2.96%	1.59%
$500 to $699	70	4.64%, see rank	9.57%	5.01%
$700 to $999	355	23.53%, see rank	24.89%	14.32%
$1,000 to $1,499	611	40.49%, see rank	34.17%	27.90%
$1,500 to $1,999	319	21.14%, see rank	16.11%	20.35%
$2,000 to $2,999	90	5.96%, see rank	9.13%	19.52%
$3,000 or More	55	3.64%, see rank	2.95%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Rainbow City, AL	22.70% of the Total Income
Alabama	21.70% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Rainbow City, AL	%	Alabama	U.S.
10% or Less	85	5.63%, see rank	7.30%	5.86%
10% to 20%	591	39.17%, see rank	37.14%	31.95%
20% to 30%	347	23.00%, see rank	25.71%	27.64%
30% to 40%	249	16.50%, see rank	11.45%	13.74%
40% or More	226	14.98%, see rank	17.78%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Rainbow City, AL	329 USD
Alabama	349 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Rainbow City, AL	%	Alabama	U.S.
$199 or Less	131	12.55%, see rank	11.83%	7.76%
$200 to $299	312	29.89%, see rank	24.55%	14.70%
$300 to $499	388	37.16%, see rank	42.72%	34.63%
$500 to $699	159	15.23%, see rank	14.46%	21.16%
$700 or More	54	5.17%, see rank	6.44%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Rainbow City, AL	10.20% of the Total Income
Alabama	11.40% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Rainbow City, AL	%	Alabama	U.S.
10% or Less	499	47.80%, see rank	43.66%	40.19%
10% to 20%	306	29.31%, see rank	30.25%	31.47%
20% to 30%	75	7.18%, see rank	11.03%	12.24%
30% to 40%	69	6.61%, see rank	5.23%	5.64%
40% or More	65	6.23%, see rank	8.16%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Rainbow City, AL	Alabama	U.S.
Total Housing Units	4,498, 100%	2,190,638	132,741,033
1-unit, Detached	3,101, 68.94%, see rank	68.53%	61.65%
1-unit, Attached	0, 0.00%, see rank	1.66%	5.82%
2 Units	0, 0.00%, see rank	2.09%	3.75%
3 or 4 Units	177, 3.94%, see rank	2.93%	4.43%
5 to 9 Units	501, 11.14%, see rank	4.20%	4.78%
10 or More Units	335, 7.45%, see rank	6.84%	13.08%
Mobile Home, Boat, RV, Van, etc.	384, 8.54%, see rank	13.74%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Rainbow City, AL	Alabama	U.S.
Total Housing Units	4,498, 100%	2,190,638	132,741,033
1 Room	0, 0.00%, see rank	1.12%	1.95%
2 Rooms	23, 0.51%, see rank	1.17%	2.48%
3 Rooms	255, 5.67%, see rank	5.77%	9.13%
4 Rooms	831, 18.47%, see rank	15.10%	16.60%
5 Rooms	898, 19.96%, see rank	23.28%	20.41%
6 Rooms	974, 21.65%, see rank	20.97%	18.06%
7 Rooms	541, 12.03%, see rank	13.59%	12.27%
8 Rooms	509, 11.32%, see rank	8.86%	8.48%
9 Rooms or More	467, 10.38%, see rank	10.13%	10.60%
Median Rooms	5.70, see rank	5.70	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Rainbow City, AL	Alabama	U.S.
Total Housing Units	4,498, 100%	2,190,638	132,741,033
No Bedroom	0, 0.00%, see rank	1.21%	2.17%
1 Bedroom	163, 3.62%, see rank	6.20%	11.16%
2 Bedrooms	1,156, 25.70%, see rank	23.92%	26.69%
3 Bedrooms	2,542, 56.51%, see rank	49.95%	39.70%
4 Bedrooms	494, 10.98%, see rank	15.40%	16.05%
5 or More Bedrooms	143, 3.18%, see rank	3.33%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Rainbow City, AL	Alabama	U.S.
Total Housing Units	4,014, 100%	1,842,174	116,211,092
Utility Gas	1,424, 35.48%, see rank	29.16%	48.85%
Bottled, Tank, or LP Gas	161, 4.01%, see rank	7.18%	4.86%
Electricity	2,415, 60.16%, see rank	61.92%	36.68%
Fuel Oil, Kerosene, etc.	0, 0.00%, see rank	0.21%	5.86%
Coal or Coke	0, 0.00%, see rank	0.01%	0.12%
Wood	14, 0.35%, see rank	1.11%	2.12%
Solar Energy	0, 0.00%, see rank	0.01%	0.05%
Other Fuel	0, 0.00%, see rank	0.09%	0.47%
No Fuel Used	0, 0.00%, see rank	0.31%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Rainbow City, AL	Alabama	U.S.
Occupied Units Paying Rent	1,388, 100%	505,136	39,201,928
$199 or Less	17, 1.22%, see rank	2.18%	1.50%
$200 to $299	41, 2.95%, see rank	5.01%	3.18%
$300 to $499	149, 10.73%, see rank	14.15%	7.37%
$500 to $699	490, 35.30%, see rank	26.64%	16.01%
$700 to $999	518, 37.32%, see rank	32.35%	29.17%
$1,000 to $1,499	112, 8.07%, see rank	15.87%	26.88%
$1,500 to $1,999	0, 0.00%, see rank	2.54%	9.79%
$2,000 or More	61, 4.39%, see rank	1.26%	6.10%
Median	$699, see rank	$715	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Rainbow City, AL	Alabama	U.S.
Occupied Housing Units	4,014, 100%	1,842,174	116,211,092
No Vehicles Available	162, 4.04%, see rank	6.48%	9.12%
1 Vehicles Available	1,421, 35.40%, see rank	32.94%	33.80%
2 Vehicles Available	1,496, 37.27%, see rank	37.28%	37.48%
3 or More Vehicles Available	935, 23.29%, see rank	23.30%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.