Rainbow median real estate price is $1,000,404, which is more expensive than 61.1% of the neighborhoods in California and 90.7% of the neighborhoods in the U.S.
The average rental price in Rainbow is currently $3,980, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 72.9% of the neighborhoods in California.
Rainbow is a rural neighborhood (based on population density) located in Fallbrook, California.
Rainbow real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Rainbow neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Home and apartment vacancy rates are 6.8% in Rainbow. NeighborhoodScout analysis shows that this rate is lower than 54.6% of the neighborhoods in the nation, approximately near the middle range for vacancies.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Fallbrook, the Rainbow neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Rainbow has the amazing distinction of housing more same sex couples living together than 97.8% of neighborhoods in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's analysis shows that this is one place that you should consider.
In addition, if you are an executive or professional seeking a neighborhood affording an executive lifestyle, or just wanting to find where other executives live in the area, the Rainbow neighborhood should be on your list. It has an enviable mix of spacious homes, relatively stable real estate values, and residents that include a number of wealthy executives, managers, and professionals. NeighborhoodScout's exclusive analysis places it as one of the top 13.2% executive lifestyle neighborhoods in the state of California. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for families with school-aged children.
It used to be that most Americans lived on the farm, or otherwise made their living from the land, the forests, or the sea. With global trade and an economy increasingly based on providing services to one another, fewer people farm, fish or harvest timber now than at any time in American history. But according to NeighborhoodScout's leading analysis, the Rainbow neighborhood stands apart from most American neighborhood due to the proportion of its residents still working in these fields. With 5.5% of the workforce so employed, this neighborhood has a greater concentration of such workers than 97.3% of U.S. neighborhoods.
Significantly, 4.0% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 97.2% of the neighborhoods in America.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Rainbow neighborhood in Fallbrook are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 80.4% of the neighborhoods in America. In addition, 6.6% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 59.8% of America's neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Rainbow neighborhood, 58.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 17.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (10.0%), and 9.1% in government jobs, whether they are in local, state, or federal positions.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Rainbow neighborhood is English, spoken by 61.1% of households. Other important languages spoken here include Spanish, Tagalog (the first language of the Philippine region) and Vietnamese.
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Rainbow neighborhood in Fallbrook, CA, residents most commonly identify their ethnicity or ancestry as Mexican (29.4%). There are also a number of people of Asian ancestry (11.4%), and residents who report English roots (9.7%), and some of the residents are also of German ancestry (8.2%), along with some Irish ancestry residents (5.7%), among others. In addition, 20.1% of the residents of this neighborhood were born in another country.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Rainbow neighborhood spend between 45 minutes and one hour commuting one-way to work (37.4% of working residents), longer and tougher than most commutes in America.
Here most residents (74.7%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (17.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.