Why Live in Rainbow Park
Rainbow Park in Miami offers affordable living with convenient access to Miami Beach and various entertainment venues. The neighborhood is within 20 minutes of Miami International Airport and the Hard Rock Stadium, home to the Miami Dolphins and major concerts. Housing in Rainbow Park primarily consists of mid-century concrete bungalows and ranch-style homes built between the 1940s and 1970s, with prices ranging from $300,000 to $600,000. While some homes may require renovation, they are generally more affordable than those closer to downtown Miami. The area is served by Miami’s Metrobus network and is close to the Opa-locka train station, providing easy commuting options.
Educational opportunities include Rainbow Park Elementary, North Dade Middle School, and Hialeah-Miami Lakes Senior High School. Monsignor Edward Pace High, a highly rated Catholic school with a 100% graduation rate, is also nearby. For higher education, St. Thomas University is located just across the canal.
Local dining options feature soul food favorites like World’s Famous Souseman Soulfood and Home Style Restaurant, as well as Caribbean cuisine at Island Tings. For recreation, residents frequent Bunche Park and the Sherbondy Village Community Center, which offer various sports facilities and a community pool. Magnolia Park provides a playground for children.
Entertainment options abound with performances at the Hard Rock Cafe and sports events at the Kaseya Center. Miami Beach and the Miami Beach Botanical Garden are about 5 miles away. Rainbow Park remains a practical choice for those seeking affordability and accessibility in Miami.
Home Trends in Rainbow Park, FL
On average, homes in Rainbow Park, Miami sell after 66 days on the market compared to the national average of 52 days. The median sale price for homes in Rainbow Park, Miami over the last 12 months is $455,000, up 6% from the median home sale price over the previous 12 months.
Median Sale Price
$455,000
Median Single Family Sale Price
$469,900
Median Townhouse Sale Price
$679,500
Average Price Per Sq Ft
$392
Number of Homes for Sale
20
Last 12 months Home Sales
45
Median List Price
$489,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
6%