Neighborhood · Tampa, Florida
Rainbow Heights
Close-in Tampa living with an everyday commute edge
6
Homes for sale
$316,450
Median list price
$241
Avg price / sqft
37
Median days on market
Rainbow Heights sits in Hillsborough County with the kind of central location that Tampa buyers keep coming back to — downtown is about a 13-minute drive and Tampa International Airport lands at roughly 23 minutes. It's the sort of neighborhood that puts you within reach of established Tampa communities like Old Seminole Heights and the 40th Street Corridor without the price tag of the marquee waterfront addresses.
For a buyer today, this is a small, quiet market: just five active listings with a median list price of $315,000. That price point makes Rainbow Heights one of the more attainable footholds among close-in Tampa homes for sale, and with so few homes on the market, being pre-approved and ready to move matters. If nothing here fits, nearby Lake Magdalene and Gandy/Sun Bay South widen the search.
Rainbow Heights is a community in Tampa, Florida.
Quick facts
$140,000 – $480K price range
1,301 sqft median home
$3,090/mo median rent
24 sold in 12 months
Drive times
On the market now
Homes for sale in Rainbow Heights
$275,000
4607 N 35TH STREET, TAMPA
2 bd · 1 ba · 840 sqft
$480,000
4509 N 39TH STREET, TAMPA
3 bd · 2 ba · 1,655 sqft
$380,000$395,000
3905 E OSBORNE AVENUE, TAMPA
5 bd · 3 ba · 1,936 sqft
$317,900$320,900
4414 BOOKER T DRIVE, TAMPA
4 bd · 2 ba · 1,290 sqft
$140,000$165,000
3908 E GENESEE STREET, TAMPA
3 bd · 1 ba · 948 sqft
$315,000$320,000
4311 THONOTOSASSA AVENUE, TAMPA
3 bd · 2 ba · 1,312 sqft
Every active listing inside the Rainbow Heights boundary
Open full map search →Find your fit
Browse Rainbow Heights
By feature — on the live map
Where the market lives
The numbers that matter
The Rainbow Heights market
24
Sold, last 12 months
$304,000
Median sold price
98%
Sale-to-list ratio
What sellers actually get vs asking
25 days
Median time to sell
Rainbow Heights vs Tampa
Median list price
Price per sqft
Days on market
Median sold price — 3-yr, 3-mo rolling
▲ 21.1% yr/yr
Homes sold per month
Live Stellar MLS data — every listing and closed sale inside the Rainbow Heights boundary. Rolling medians smooth single-month swings in small communities.
For the school run
Schools Rainbow Heights is zoned for
Attendance boundaries overlapping this community — always verify zoning with the district.
What it really costs
Owning here
Owning the median Rainbow Heights home
≈ $2,118/mo
$316,450 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
$3,090/mo
Median rent
Homes for rent inside the boundary
Population
1,501
Median age
49
Median income
$40,723
Median home value
$214,439
Beyond the listings
Living in Rainbow Heights
Entertainment
Top 23% in the U.S.Party Life
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Relationships
Networking
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
Hobbies & Interests
Engine Enthusiast
This population loves working on and showing off their cars, trucks and motorcycles. You can find them researching car shows and the hottest models on the lot.
Appearance oriented
Men's Style
This population is all about finding the latest in men's style - from fashion to grooming. Captures guys looking to stay on trend and significant others assisting with shopping.
Beliefs
Politically Engaged
Politically aware, this population is interested in civic issues on both the local and national level. They often discuss candidates for office, taxes, and political ideologies.
Food & Drink
Fueling for Fitness
A population characterized by healthy eating. Often pre-planning for meals for the purpose of fitness and convenience. Likely to participate in meal prep trends.
People who close here
Our Tampa experts
Straight answers
Rainbow Heights FAQs
Is Rainbow Heights a good place to live?+
It works well for buyers who want to be central without paying downtown prices — you're about 13 minutes from downtown Tampa and 23 minutes from the airport. The neighborhood connects easily to established areas like Old Seminole Heights, so you get proximity to the city's amenities while staying in a quieter pocket.
Is Rainbow Heights expensive?+
Not by close-in Tampa standards. The median list price sits at $315,000, which is more attainable than many of the waterfront and marquee neighborhoods nearby, making it a practical entry point into central Tampa.
What do homes cost in Rainbow Heights?+
Right now the median list price is $315,000 across the five active listings. Because inventory is so limited, individual prices can vary, so it's worth reviewing each home on its own merits rather than assuming a single number tells the whole story.
How is the market in Rainbow Heights?+
It's a small, low-inventory market with just five homes actively listed and no recorded sales in the past 12 months. That means limited data to lean on and a real premium on moving quickly when the right listing appears — comparing against nearby Gandy/Sun Bay South can help you gauge value.
What about HOA fees and property taxes?+
We don't have current HOA or property tax figures reported for the active listings in Rainbow Heights. Since those costs can vary from home to home, confirm each property's HOA dues and tax history directly before you make an offer.
Keep exploring
More Tampa neighborhoods
Neighborhood boundary by edgeAI; listings matched to the polygon. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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