Momentum Housing Data · Home Values · Marion County
RAINBOW LAKES ESTATE (DUNNELLON, FL): 213 recorded closings in the 12 months ending 2026-08-02, a 5-year price record, and sales split by price band and home size — every number from recorded MLS closings, none from an estimate model.
In the current window, median closings ran near original asking (98.5%); the median sale took 49 days; new construction was 72.3% of recorded sales — builder pricing competes with resales here (window ending 2026-08-02).
| Year | Median sold | Median $/sqft | Median DOM | Sold ÷ original ask | Sales |
|---|---|---|---|---|---|
| 2026 | $249,900 | $176 | 49 | 98.5% | 213 |
| 2025 | $242,500 | $187 | 37 | 98.2% | 172 |
| 2024 | $237,700 | $186 | 31 | 97.0% | 130 |
| 2023 | $225,500 | $160 | 12 | 96.2% | 32 |
| 2022 | $226,750 | $165 | 10 | 99.0% | 46 |
Over the recorded series, RAINBOW LAKES ESTATE’s median sold price moved from $226,750 (2022) to $249,900 (12 months ending 2026-08-02) — +10% over that span, with every year’s figure from recorded closings, not a model.
What actually trades here: 99% single-family residence, 0% manufactured home - post 1977, 0% manufactured home, 0% ?, with a median of 1,394 sq ft and a median price per square foot of $176 in the current window.
Of the 472 recorded RAINBOW LAKES ESTATE closings since 2024, half landed between $214,995 and $289,900 (the middle two quartiles); the lowest recorded sale was $85,000 and the highest $600,000. If your home sits outside the middle band, the reason usually shows up in the size table below before it shows up in condition.
| Sold price band | Share of closings | Sales |
|---|---|---|
| Under $200,000 | 60 (13%) | |
| $200,000 – $241,667 | 166 (35%) | |
| $241,667 – $283,333 | 110 (23%) | |
| $283,333 – $325,000 | 96 (20%) | |
| None and up | 40 (8%) |
The same recorded closings, split into thirds by living area. Find the row your home falls in: the $/sqft figure times your square footage is the recorded-sales bracket for homes like yours here — a starting range from real closings, not a valuation of your specific property. Smaller homes here have been selling at a higher price per square foot than larger ones ($202 vs $165) — the usual pattern, since lot, kitchen and baths do not scale with floor area.
| Size group | Median $/sqft | Median sold | Sold range | Sales |
|---|---|---|---|---|
| Smaller homes 544–1,238 sq ft | $202 | $207,000 | $85,000 – $281,000 | 157 |
| Mid-size homes 1,238–1,476 sq ft | $182 | $246,000 | $180,000 – $335,000 | 157 |
| Larger homes 1,476–3,519 sq ft | $165 | $299,900 | $160,000 – $600,000 | 158 |
At RAINBOW LAKES ESTATE’s $249,900 median and Marion County’s adopted 12.08 mills (FY2025-26), a home assessed at that price carries roughly $3,020 a year in property tax before exemptions, or about $2,580 with the full Florida homestead exemption — a buyer’s first-year figure; a long-time owner’s Save Our Homes cap can be far lower, which is one reason resale taxes jump at closing. Municipal and special-district millage varies inside the county; see the Marion County tax page.
Since 2006, 962 RAINBOW LAKES ESTATE listings were withdrawn, canceled, or expired without selling (121 so far in 2026) — overpricing is the recurring cause statewide. Over the recorded years, an average of 81% of RAINBOW LAKES ESTATE listings ended without selling (withdrawn/canceled/expired); in 2026 that rate was 50%.
Cash bought 31% of recorded RAINBOW LAKES ESTATE sales in the window ending 2026-06 (73 of 237) — a fact worth knowing before assuming every buyer needs an appraisal to close. The table above is the closed-sale record to price a RAINBOW LAKES ESTATE home against; asking prices are an opening position, recorded closings are the value.
We don’t publish algorithm guesses for specific homes — they can’t see condition, upgrades, or your lot. A local agent will prepare a records-based valuation from the same closed-sale data on this page, adjusted for your home. Free, no obligation.
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Communities buyers shopping RAINBOW LAKES ESTATE are also weighing (same ZIP), each on its own recorded 12-month closings. A median well above the neighbors is a ceiling to price against; well below is where the value argument lives.
| Community | Median sold | Median $/sqft | Median DOM | Sales |
|---|---|---|---|---|
| ROLLING RANCH ESTATES | $232,000 | $185 | 112 | 57 |
| Lake Tropicana Ranchettes | $230,000 | $164 | 29 | 28 |
| SPRUCE CREEK PRESERVE | $222,500 | $142 | 124 | 20 |
| RAINBOW SPRINGS COUNTRY CLUB | $299,000 | $164 | 26 | 5 |
| School | Level | FLDOE grade |
|---|---|---|
| Marion County Public Schools (verify by address) | Public | — |
| Confirm zoned elementary, middle, and high | By address | — |
| Dunnellon area schools commonly serve the community | Verify | — |
Assignments and grades as recorded/published; both change — verify current zoning with the district before relying on it. Grades are the state’s official FLDOE ratings, reported as published.
More RAINBOW LAKES ESTATE: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs · cash offer vs. listing
Based on Stellar MLS data distributed by MLS GRID for the period 2021 through 2026. Compiled from recorded MLS closings; deemed reliable but not guaranteed. Figures are medians for the stated windows and change as new sales record; individual homes vary widely. No automated valuation for any specific property appears on this page. Equal Housing Opportunity. © 2026 Move With Momentum LLC — brokerage licensed in FL and GA. Disclosures
Content on this page is compiled from public records, MLS data, and automated data sources, and may contain errors or be out of date. It is provided for general information only and is not a representation about any specific property, community, builder, or association. Verify all information independently before relying on it.