Rainbow Springs

Population: 5,226
Median household income: $49,535
Median home value: $264,600

Located in Marion County, Florida, Rainbow Springs is a community with a population of 5,226. Its median household income of $49,535 runs below the Marion County figure of $58,535.

Between 2020 and 2023, Rainbow Springs's population grew 11.4% from 4,692 to 5,226, while its median home value rose 40.7% from $188,100 to $264,600.

The median gross rent is $1,118. 22.7% of adults 25 and older hold a bachelor's degree or higher.

Demographics

ACS 2019–2023

Population: 5,226
Median age: 65.7 yrs
Median household income: $49,535
Median home value: $264,600
Median gross rent: $1,118
Housing units: 2,943
Homeownership rate: 89.2%
Bachelor's degree or higher: 22.7%
Unemployment rate: 1.2%

Trends

ACS 5-year · 2019–2023

Population

4,6925,226

Median household income

$49,775$49,535

Median home value

$188,100$264,600

Median gross rent

$923$1,118

Year	Population	Median household income	Median home value	Median gross rent
2020	4,692	$49,775	$188,100	—
2021	4,957	$52,836	$203,100	$923
2022	5,189	$53,208	$227,400	$1,109
2023	5,226	$49,535	$264,600	$1,118

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

Age distribution

Under 54.3%

5 to 173.5%

18 to 242.5%

25 to 343.2%

35 to 449.2%

45 to 5412.1%

55 to 6413.0%

65 to 7423.8%

75 and over28.5%

	Count	Share
Under 5	224	4.3%
5 to 17	181	3.5%
18 to 24	129	2.5%
25 to 34	168	3.2%
35 to 44	480	9.2%
45 to 54	630	12.1%
55 to 64	680	13.0%
65 to 74	1,245	23.8%
75 and over	1,489	28.5%

Race & ethnicity

	Count	Share
White (non-Hispanic)	4,132	79.1%
Black or African American	40	0.8%
American Indian & Alaska Native	0	0.0%
Asian	108	2.1%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	23	0.4%
Hispanic or Latino (any race)	923	17.7%

Educational attainment (age 25+)

No high school diploma7.0%

High school graduate37.5%

Some college or associate's32.8%

Bachelor's degree12.6%

Graduate or professional degree10.1%

	Count	Share
No high school diploma	330	7.0%
High school graduate	1,758	37.5%
Some college or associate's	1,538	32.8%
Bachelor's degree	592	12.6%
Graduate or professional degree	474	10.1%

Commute to work

Mean travel time to work: 33 min

Drove alone75.7%

Carpooled7.8%

Public transit0.0%

Walked0.0%

Bicycle1.8%

Worked from home14.6%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	962	75.7%
Carpooled	99	7.8%
Public transit	0	0.0%
Walked	0	0.0%
Bicycle	23	1.8%
Worked from home	186	14.6%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	250	23.1%
15 to 29 min	102	9.4%
30 to 44 min	353	32.6%
45 to 59 min	294	27.1%
60+ min	85	7.8%

Households

Average household size: 2.02
Poverty rate: 15.2% (795 of 5,223)

	Count	Share
Family households	1,725	66.6%
Nonfamily households	864	33.4%

Housing

Median year structure built: 1997

Occupancy

	Count	Share
Occupied	2,589	88.0%
Vacant	354	12.0%

Tenure (of occupied units)

	Count	Share
Owner-occupied	2,310	89.2%
Renter-occupied	279	10.8%

1-unit, detached95.9%

1-unit, attached0.0%

2 to 4 units0.0%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other4.1%

Units in structure

	Count	Share
1-unit, detached	2,821	95.9%
1-unit, attached	0	0.0%
2 to 4 units	0	0.0%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	122	4.1%

Geography

Place GEOID: 1259470
Type (LSAD): 57
Land area: 12 sq mi
Water area: 0.14 sq mi
Center point: 29.0971, -82.4420