Home prices
Rainbow City's median home price is $54,500. It is approximately $7,620 (12%) lower compared to other places in this area.It is approximately $163,000 (74%) lower in comparison to the rest of the country, and it is approximately $116,300 (68%) lower in comparison to the city of Show Low.
Rents
Rainbow City's median rent is $393 a month. In comparison to the surrounding areas it is roughly $85 (17%) lower.In comparison to the rest of the country it is about $669 (62%) lower, and is roughly $537 (57%) lower compared to the city of Show Low.
Nearby places
Whiteriver
Whiteriver is Rainbow City's neighbor to the south. Housing prices there are somewhat more expensive. The median home price in Whiteriver is $59,800, which is $5,300 (8%) higher than Rainbow City. Its rents are somewhat more expensive. Whiteriver's median monthly rent is $424, which works out to $31 (7%) higher than Rainbow City.
East Fork
East Fork is roughly 5 miles southeast of Rainbow City. The housing prices there are fairly similar. The median home in East Fork is valued at $57,300, which is $2,800 (4%) higher than Rainbow City. The rent there is somewhat more expensive. East Fork's median rent is $460 per month, which works out to $67 (14%) higher than Rainbow City.
Fort Apache
Fort Apache is approximately 6 miles south from Rainbow City. The real estate prices there are a bit more expensive. The value of the median home in Fort Apache is $70,800, which works out to $16,300 (23%) higher than Rainbow City. Its rents are a bit more expensive. Fort Apache's median monthly rent is $427, which comes out to $34 (7%) higher than Rainbow City.
Seven Mile
Seven Mile is roughly 6 miles south from Rainbow City. Housing prices there are somewhat more expensive. The median home in Seven Mile costs $68,500, which comes out to $14,000 (20%) higher than Rainbow City. The rent there is somewhat more expensive. The median rent in Seven Mile is $508 a month, which is $115 (22%) higher than Rainbow City.
Canyon Day
Canyon Day is roughly 7 miles southwest from Rainbow City. The housing prices there are pretty similar. The price of the median home in Canyon Day is $54,200, which is very similar to Rainbow City. Rents there are somewhat more expensive. The median rent in Canyon Day is $573 per month, which comes out to $180 (31%) higher than Rainbow City.
