$345,000
- 3 Beds
- 2 Baths
- 2,311 Sq Ft
16150 Siena St, Summerdale, AL 36580
Mohammad Farhan eXp Realty Southern Branch
Frequently Asked Questions
Is Rainbow Plantations a good place to live?
Rainbow Plantations is a good place to live. Rainbow Plantations is considered very car-dependent and somewhat bikeable. 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.
How much do you need to make to afford a house in Rainbow Plantations?
The median home price in Rainbow Plantations is $315,000. If you put a 20% down payment of $63,000 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $1,600 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $69K a year to afford the median home price in Rainbow Plantations. The average household income in Rainbow Plantations is $69K.
What are the best public schools in Rainbow Plantations?
The best public schools that serve Rainbow Plantations are:
- Elberta High School has a B Niche grade, a student teacher ratio of 17:1 and an average review score of 3.8.
- Summerdale School has a B Niche grade and a student teacher ratio of 18:1.
What are the most popular zip codes in Rainbow Plantations, Foley, AL?
What are the most popular neighborhoods near Rainbow Plantations, Foley, AL?
The most popular neighborhoods near Rainbow Plantations, Foley, AL are Idlewild, Point Clear, Lake Raynagua, Rock Creek and Montrose.
Are home prices dropping in Rainbow Plantations?
Yes, home prices in Rainbow Plantations are down 12% in the last 12 months.
