Similar to its nearby areas, it is significantly more expensive compared to the US as a whole. However it is a little less expensive compared to the city of Los Angeles.
Home prices
Rainbow's median home value is $470,100. Compared to the surrounding areas this is is very similar.It is approximately $252,600 (116%) higher compared to the entire nation, and it is roughly $166,800 (26%) lower compared to the city of Los Angeles.
Rents
The median rent in Rainbow is $1,060 a month. In comparison to other places in this area it is approximately $478 (31%) lower.In comparison to the entire country it is is very similar, and is approximately $390 (26%) lower in comparison to the city of Los Angeles.
Nearby places
Temecula
Temecula is Rainbow's neighbor to the north. Its real estate prices are a little less expensive. The median home in Temecula is valued at $444,800, which comes out to $25,300 (5%) lower than Rainbow. Rent there is substantially more expensive. In Temecula the median rent is $1,856 per month, which is $796 (42%) higher than Rainbow.
Pala
Pala is about 5 miles southeast of Rainbow. Its real estate prices are significantly less expensive. Pala's median home price is $301,500, which is $168,600 (55%) lower than Rainbow. Rent there is fairly similar. In Pala the median monthly rent is $1,069, which is very similar to Rainbow.
Fallbrook
Fallbrook is approximately 5 miles southwest of Rainbow. Its real estate prices are a little more expensive. The median home in Fallbrook costs $522,700, which comes out to $52,600 (10%) higher than Rainbow. Rent there is somewhat more expensive. In Fallbrook the median monthly rent is $1,252, which comes out to $192 (15%) higher than Rainbow.
Bonsall
Bonsall is approximately 10 miles south of Rainbow. The real estate prices there are somewhat more expensive. The median home in Bonsall costs $686,000, which works out to $215,900 (31%) higher than Rainbow. Rents there are significantly more expensive. The median monthly rent in Bonsall is $1,750, which works out to $690 (39%) higher than Rainbow.
Murrieta
Murrieta is roughly 12 miles north from Rainbow. Its housing prices are a little less expensive. Murrieta's median home price is $414,100, which comes out to $56,000 (13%) lower than Rainbow. The rent there is substantially more expensive. Murrieta's median rent is $1,761 a month, which is $701 (39%) higher than Rainbow.
