Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 26.7 yrs |
|---|---|
| Avg HH Size | 3.22 |
| Below Poverty | 31.0% ▲ 210% above avg |
| College Grads | 16.0% ▼ 59% below avg |
| HS Graduate | 238 (59.5%) |
| Some College | 20 (5%) |
| Associates | 78 (19.5%) |
| Graduate Degree | 64 (16%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $199,500 ▲ 161% above avg |
|---|---|
| Median Home Value | $576,500 ▲ 107% above avg |
| Home/Income Ratio | 2.9x (nat avg ~3.5x) |
| Total Housing Units | 239 |
| Vacant Units | 51 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Rainbow is a city in Texas, located in Somervell County. The city spans 1 ZIP code and is home to approximately 809 residents. It is a young city, with a median age of 26.7 years.
Economically, Rainbow is a affluent community. The median household income of $199,500 is more than double the national average. Approximately 31.0% of residents live below the poverty line.
The real estate market in Rainbow is a premium housing market. Median home values stand at $576,500, which is more than double the national average. Homeownership is high at 89.4%, typical of suburban and family-oriented communities.
The population of Rainbow is less-educated. 16.0% of adults hold a bachelor's degree or higher — well below the national average. The community is primarily White (86.65%).
Rainbow, TX offers residents above-average earning potential within Texas.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 76077 | 809 | $199,500 | $576,500 | — | 0.0% | 16.0% | 89.4% |