Rainbow Park, FL Profile: Facts & Data

Advertisement

Rainbow Park Local Links & Resources:
Resources | ALL Rainbow Park Content
Planning to visit Rainbow Park? See Local Hotels

Also See Ocala, FL: ZIP Codes & Maps

Rainbow Park, Florida - Basic Facts

The Rainbow Park CDP(1) had a population of 1,719 as of July 1, 2023. 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).

It also has a Functional Status Code of ""

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.


  1. 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.

Jump to... (On This Page!)
  1. Rainbow Park 2023 Demographic Data
  2. Growth Rates for Rainbow Park (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Florida Research Tools (Easy Tools & Current Data)
  3. Florida Data Comparison Tool - 2023 Demographics
Advertisement

Rainbow Park, FL Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 1,719 (100%)
Population in Households 1,719 (100.0%)
Population in Families 1,318 (76.7%)
Population in Group Quarters1 0
Population Density 356
Diversity Index2 66
 
 

INCOME

Median Household Income $44,460
Average Household Income $63,813
% of Income for Mortgage4 22%
Per Capita Income $23,090
Wealth Index5 56
Socioeconomic Status Index6 Low (37.8)
 

HOUSING

Total HU (Housing Units) 693 (100%)
Owner Occupied HU 503 (72.6%)
Renter Occupied HU 119 (17.2%)
Vacant Housing Units 71 (10.2%)
Median Home Value $162,126
Average Home Value $171,521
Housing Affordability Index3 110
 

HOUSEHOLDS

Total Households 622
Average Household Size 2.76
Family Households 451
Average Family Size 3.00
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.
  6. 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.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 0.86% 0.43%
Households 0.91% 0.51%
Families   0.74%
Median Household Income   2.76%
Per Capita Income   3.02%
Owner Occupied HU   0.71%

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, 2023 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.

Variable Description Rank Percentile
Total Population # 707 26th
Population Density # 803 16th
Median Household Income # 768 20th
Housing Affordability Index # 719 75th
Per Capita Income # 802 16th
Diversity Index # 350 63rd

Additional comparisons and rankings can be made with a VERY EASY TO USE Florida Census Data Comparison Tool.

Rainbow Park, FL - Most Popular Things to Do

Also See: Nearby Hotels | Driving Directions

Use HTL Address Research for a Florida Address and get...

Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2023, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


Quick & Easy Ways to...

  1. Get Current Demographic Data for Cities, Towns, and ZIP Codes
  2. View Boundary Maps, for Cities, Towns, and ZIP Codes
  3. Locate Physical, Cultural, and Historical Features

Florida Census Data Comparison Tool

Compare Florida July 1, 2023 Data
Data:
Locations:
Highest or Lowest:
Results:
Advertisement