Housing in Rainbow Lakes, NJ
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — September 2025Median Sale Price
$900,499
Median List Price
$675,000
Price Per Sq Ft
$469
Days on Market
21
Active Inventory
1
Months of Supply
0.5
Seller's market
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
50.0%
Sale-to-List Ratio
103.8%
Seller's market
Market Activity
Source: RedfinHomes Sold
2
New Listings
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$469
Median List $/SF
$334
Rainbow Lakes vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Rainbow Lakes is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$531,700
Median Rent
$2,079
Total Housing Units
534
Vacancy Rate
0.0%
Owner Occupied
65.0%
Renter Occupied
35.0%
Median Property Tax
$9,752
per year
Monthly Cost (w/ Mortgage)
$3,114
Housing Types
The current median sale price in Rainbow Lakes, NJ is $900,499 according to Redfin data. Homes spend a median of 21 days on the market. 50.0% of homes sold above asking price. The market has 0.5 months of supply. The median price per square foot is $469. The median rent is $2,079 per month (Census ACS). About 65.0% of housing units are owner-occupied. The median year homes were built is 1964. There are 534 total housing units.