Rainbow Lakes Estates

Population: 3,376
Median household income: $50,298
Median home value: $144,500

Located in Marion County, Florida, Rainbow Lakes Estates is a community with a population of 3,376. Its median household income of $50,298 runs below the Marion County figure of $58,535.

Between 2020 and 2023, Rainbow Lakes Estates's population declined 5.3% from 3,565 to 3,376, while its median home value rose 46.7% from $98,500 to $144,500.

Households average 2.42 people. The median gross rent is $766.

Demographics

ACS 2019–2023

Population: 3,376
Median age: 51.8 yrs
Median household income: $50,298
Median home value: $144,500
Median gross rent: $766
Housing units: 1,712
Homeownership rate: 86.1%
Bachelor's degree or higher: 10.2%
Unemployment rate: 3.7%

Trends

ACS 5-year · 2019–2023

Population

3,5653,376

Median household income

$45,417$50,298

Median home value

$98,500$144,500

Median gross rent

$771$766

Year	Population	Median household income	Median home value	Median gross rent
2020	3,565	$45,417	$98,500	$771
2021	3,406	$41,677	$100,500	$682
2022	3,108	$50,833	$124,100	$729
2023	3,376	$50,298	$144,500	$766

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 54.9%

5 to 1718.9%

18 to 242.2%

25 to 347.0%

35 to 4410.8%

45 to 5410.2%

55 to 6413.9%

65 to 7415.4%

75 and over16.7%

	Count	Share
Under 5	166	4.9%
5 to 17	637	18.9%
18 to 24	73	2.2%
25 to 34	235	7.0%
35 to 44	366	10.8%
45 to 54	346	10.2%
55 to 64	469	13.9%
65 to 74	520	15.4%
75 and over	564	16.7%

Race & ethnicity

	Count	Share
White (non-Hispanic)	2,865	84.9%
Black or African American	142	4.2%
American Indian & Alaska Native	0	0.0%
Asian	21	0.6%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	8	0.2%
Two or more races	144	4.3%
Hispanic or Latino (any race)	196	5.8%

Educational attainment (age 25+)

No high school diploma19.4%

High school graduate35.2%

Some college or associate's35.1%

Bachelor's degree6.4%

Graduate or professional degree3.8%

	Count	Share
No high school diploma	486	19.4%
High school graduate	880	35.2%
Some college or associate's	878	35.1%
Bachelor's degree	160	6.4%
Graduate or professional degree	96	3.8%

Commute to work

Mean travel time to work: 36 min

Drove alone78.2%

Carpooled7.7%

Public transit0.0%

Walked0.0%

Bicycle0.0%

Worked from home7.5%

Other means6.6%

How workers get to work

	Count	Share
Drove alone	917	78.2%
Carpooled	90	7.7%
Public transit	0	0.0%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	88	7.5%
Other means	78	6.6%

Travel time

	Count	Share
Under 15 min	82	7.6%
15 to 29 min	313	28.8%
30 to 44 min	421	38.8%
45 to 59 min	105	9.7%
60+ min	164	15.1%

Households

Average household size: 2.42
Poverty rate: 11.0% (371 of 3,376)

	Count	Share
Family households	938	67.1%
Nonfamily households	459	32.9%

Housing

Median year structure built: 1985

Occupancy

	Count	Share
Occupied	1,397	81.6%
Vacant	315	18.4%

Tenure (of occupied units)

	Count	Share
Owner-occupied	1,203	86.1%
Renter-occupied	194	13.9%

1-unit, detached89.8%

1-unit, attached3.0%

2 to 4 units0.0%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other7.2%

Units in structure

	Count	Share
1-unit, detached	1,538	89.8%
1-unit, attached	51	3.0%
2 to 4 units	0	0.0%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	123	7.2%

Geography

Place GEOID: 1259450
Type (LSAD): 57
Land area: 16 sq mi
Water area: 0.54 sq mi
Center point: 29.1605, -82.5097