Rainbow Plantations Home for Sale

Rainbow Plantations is a good place to live. Rainbow Plantations is considered very car-dependent and somewhat bikeable. Rainbow Plantations is a neighborhood with a crime score of 2, making it safer than the average neighborhood in the U.S. It has a median age of 43. The average household income is $68,961 which is below the national average. College graduates make up 21.5% of residents. A majority of residents in Rainbow Plantations are home owners, with 19.1% of residents renting and 80.9% of residents owning their home. A local real estate agent serving Rainbow Plantations can help you decide if this neighborhood is the right one for you. Learn more on our Rainbow Plantations neighborhood guide.

Rainbow Plantations, AL is safer than the average neighborhood in the United States. It received a crime score of 2 out of 10.

The median home price in Rainbow Plantations is $270,000. If you put a 20% down payment of $54,000 and had a 30-year fixed mortgage with an interest rate of 6.75%, your estimated principal and interest payment would be $1,400 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $60K a year to afford the median home price in Rainbow Plantations. The average household income in Rainbow Plantations is $69K.

The best public schools that serve Rainbow Plantations are:

• Elberta High School has a B Niche grade, a student teacher ratio of 19:1 and an average review score of 3.8.
• Summerdale School has a B Niche grade and a student teacher ratio of 17:1.

The most popular zip codes in Rainbow Plantations, Foley, AL include 36580, 36532, 36576, 36535 and 36555.

The most popular neighborhoods near Rainbow Plantations, Foley, AL are Idlewild, Point Clear, Lake Raynagua, Rock Creek and Montrose.

Yes, home prices in Rainbow Plantations are down 5% in the last 12 months.