Rainbow Springs
Neighborhood in Dunnellon, Florida
Marion County 34431, 34432
Diverse housing options from condos to riverfront estates
On the neighborhood’s east side, houses sit a bit close together yet still boast large front and back yards. Most have three or four bedrooms and were built after 1980. Ranch-style homes are most common for older homes, and new construction boasts New Traditional styles. Prices range from $230,000 to $650,000, with higher-priced homes featuring recent renovations. Large homes, often with four or more bedrooms, sit along the Rainbow River. They average around $1 million and have backyard water views. West of Highway 41, lot sizes are bigger. Home sizes and styles are like those on the east side and range from $220,000 to $580,000. Higher-priced homes often sit on acre lots and were built in the 2020s or are newly renovated. A small selection of two-bedroom condos is available on the neighborhood’s east side, ranging from $175,000 to about $200,000.While the Rainbow River doesn't often flood, there is still a chance during severe weather. Homeowners can purchase flood insurance through the National Flood Insurance Program. Regarding crime, Rainbow Springs has a 1 out of 10 on the CAP Index, three points lower than the national average.
Groceries in the neighborhood, dining in Downtown Dunnellon
Winn-Dixie is located within the neighborhood and is a convenient place to pick up groceries. Publix, Walmart, services and chain restaurants line Highway 41 just outside of the neighborhood. Downtown Dunnellon, about 4 miles away, has galleries, boutiques, and a mix of restaurants. Herzig-Arena says a standout is locally owned Paige’s off East Pennsylvania Avenue. “It’s a great place to grab a burger and a homemade root beer,” she says.Golfing, hiking, and equestrian activities nearby
Rainbow Springs State Park is on the neighborhood’s east side and is a popular outdoor recreation spot for locals and out-of-towners alike. Swimming, tubing, canoeing, and kayaking are allowed in the springs. Its nature trails are popular with hikers, runners and birders. The neighborhood HOA has a private park for residents on the Rainbow River with barbecue grills and gazebos. Juliette Falls Golf Course is open to the public and is loved for its challenging and picturesque 18-hole layout. While the Rainbow Springs Golf Course closed in 2014, the club is still open and offers a restaurant and community pool. Blue Run Park is about 5 miles from the neighborhood, and Herzig-Arena says the proximity is a big perk for many residents. “You can launch your boat or go for a walk. There’s a trail that connects to the Florida Greenway where you can do your biking,” she says. For those who ride horses, Ocala’s many equestrian stables and facilities, including the notable World Equestrian Center, are less than 20 miles away.Nearby highways get residents where they need to go
Highway 41 leads to Downtown Dunnellon. State Road 40 runs along the neighborhood’s north side and connects to Interstate 75 and Ocala. Marion County Airport is right outside the neighborhood, but it is only for private planes. The closest major airport is Ocala International, about 20 miles away.Students have many options through Marion County Public Schools
The schools zoned to the neighborhood are Dunnellon Elementary, Dunnellon Middle, and Dunnellon High. All three schools have a B-minus rating on Niche. Dunnellon High offers multiple clubs and organizations, including Fellowship of Christian Athletes, Literary Club, and Future Business Leaders of America. Marion County Public Schools, which the schools are a part of, offers controlled open enrollment, allowing families to choose any school in the state that isn’t at capacity.
Written By
Sara Huffman
Photography Contributed By
David Hall
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Agents Specializing in this Area
-
Daniel Robinson
Daniel Robinson
Responds QuicklyHOUWZER INC
(689) 220-6049
137 Total Sales
1 in Rainbow Springs
$370,000 Price
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Nichole Roberts
Nichole Roberts
All Florida Homes Realty LLC
(352) 619-8221
436 Total Sales
10 in Rainbow Springs
$195K - $475K Price Range
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Sharon Will
Sharon Will
PEGASUS REALTY & ASSOC INC
(352) 292-8976
193 Total Sales
4 in Rainbow Springs
$229K - $295K Price Range
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Casondra Ball
Casondra Ball
KELLER WILLIAMS CORNERSTONE
(352) 644-9160
76 Total Sales
1 in Rainbow Springs
$47,000 Price
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Chelsea Vecchio
Chelsea Vecchio
FUTURE HOME REALTY INC
(352) 668-2029
148 Total Sales
1 in Rainbow Springs
$410,000 Price
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Javier Rojas
Javier Rojas
FONTANA REALTY
(352) 644-9468
227 Total Sales
3 in Rainbow Springs
$38K - $364K Price Range
Schools
Source:
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
- 9th to 12th
- Public
- 6th to 8th
- Public
- Pre-K to 5th
- Public
Interested in learning more about homes in this area? Reach out to , an experienced agent in this neighborhood.
Parks in this Area
Rainbow Springs State Park
K P Hole Park
Crime and Safety
| 1 - Low Crime, 10 - High Crime | Rainbow Springs | US |
|---|---|---|
| Homicide | 1 | 4 |
| Sexual Assault | 1 | 4 |
| Assault with Weapon | 1 | 4 |
| Robbery | 1 | 4 |
| Burglary | 1 | 4 |
| Motor Vehicle Theft | 1 | 4 |
| Larceny | 1 | 4 |
| Crime Score | 1 | 4 |
Source: WhatIsMyCrimeRisk.com
Rainbow Springs Demographics and Home Trends
On average, homes in Rainbow Springs, Dunnellon sell after 88 days on the market compared to the national average of 49 days. The median sale price for homes in Rainbow Springs, Dunnellon over the last 12 months is $350,000, up 5% from the median home sale price over the previous 12 months.
Housing Trends
Median List Price
$379,000
Median Sale Price
$350,000
Median Single Family Sale Price
$359,494
Median 2 Bedroom Sale Price
$190,000
Median Change From 1st List Price
5%
Last 12 months Home Sales
212
Median Home Sale Price YoY Change
5%
Average Price Per Sq Ft
$204
Neighborhood Facts
Number of Homes in Neighborhood
2,786
Number of Homes for Sale
84
Median Year Built
1996
Months of Supply
4.80
Average Single Family Home Size Sq Ft
1,998
On par with the national average
1,933
Average 2 Bedroom Size Sq Ft
1,294
Median Lot Size Sq Ft
19,602
Open Houses
-
Friday, Jun 2011am - 2pm
Distribution of Home Values
Homes for Sale
Homes for Rent
Interested in learning more about homes in this area? Reach out to , an experienced agent in this neighborhood.
Average Home Value
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
5,732
Median Age
65
Population under 18
12%
Below the national average
23.8%
Population over 65
50.3%
Significantly above the national average
19.1%
Finances
Median Household Income
$57,015
Significantly below the national average
$71,702
Average Household Income
$77,773
Education and Workforce
High School Graduates
94.1%
College Graduates
26%
Below the national average
34.1%
Advanced Degrees
11.1%
% Population in Labor Force
31.8%
Significantly below the national average
65.1%
Weather
Annual Precipitation
52''
Average Winter Low Temperature
47°F
Average Summer High Temperature
92°F
Annual Snowfall
0''
Area Factors
Somewhat Bikeable
Bike Score®
20
/ 100
Car-Dependent
Walk Score®
8
/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Nearby Neighborhoods
Rainbow Lakes Estates
A quiet community between Goethe State Forest and Rainbow Springs State Park
Halpata Tastanaki Preserve
Nature preserve with forested homes and access to natural scenery and nearby Ocala
Fellowship
Mix of suburban streets and rural pastures close to World Equestrian Center
Hernando
A rural community with nearby golf next to the Tsala Apopka Chain of Lakes
Beverly Hills
A centrally located and affordable neighborhood with a pair of parks
Liberty
An expansive suburban community in the heart of the world's horse capital
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