Rainbow Park, FL Profile: Facts & Data

The Rainbow Park CDP⁽¹⁾ had a population of 1,977 as of July 1, 2024. Rainbow Park ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Florida. See peer rankings below.

The primary coordinate point for Rainbow Park is located at latitude 29.1669 and longitude -82.3743 in Marion County. Marion County is in the Eastern time zone (GMT -5).

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Rainbow Park Census Designated Place is located within Fellowship CCD of Marion County.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Rainbow Park, FL Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	1,977 (100%)
Population in Households	1,977 (100.0%)
Population in Families	1,647 (83.3%)
Population in Group Quarters¹	0
Population Density	410
Diversity Index²	70


INCOME
Median Household Income	$59,969
Average Household Income	$68,852
% of Income for Mortgage⁴	20%
Per Capita Income	$24,587
Wealth Index⁵	55
Socioeconomic Status Index⁶	Low (42.6)

HOUSING
Total HU (Housing Units)	789 (100%)
Owner Occupied HU	593 (75.2%)
Renter Occupied HU	113 (14.3%)
Vacant Housing Units	83 (10.5%)
Median Home Value	$193,699
Average Home Value	$252,403
Housing Affordability Index³	123

HOUSEHOLDS
Total Households	706
Average Household Size	2.80
Family Households	489
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Rainbow Park, FL - Peer Comparisons by Rank and Percentile

The table below compares Rainbow Park to the other 955 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	4.02%	0.95%
Households	3.74%	1.16%
Families		1.16%
Median Household Income		4.94%
Per Capita Income		3.96%
Owner Occupied HU		1.60%

Variable Description	Rank	Percentile
Total Population	# 682	29th
Population Density	# 777	19th
Median Household Income	# 622	35th
Housing Affordability Index	# 845	88th
Per Capita Income	# 811	15th
Diversity Index	# 304	68th

Rainbow Park, FL Profile: Facts & Data

Rainbow Park, Florida - Basic Facts

Rainbow Park, FL Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Rainbow Park, FL - Peer Comparisons by Rank and Percentile

Rainbow Park, FL - Most Popular Things to Do

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