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Rainbow City city, AL

ZIP 35906 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 35906

Median Home Value
$199,500
Median Rent
$790
Affordability Snapshot
$55,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,282/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.4x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

21.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 35906 in Rainbow City city, AL, a household would need roughly $55,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,282. That is roughly in line with the local median household income ($58,896). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
65.0%-1% vs US avg
x
Vacancy Rate
15.8%+53% vs US avg
x
Broadband Access
88.7%+2% vs US avg
x
4+ Bedrooms
5.6%-62% vs US avg
x
Built Pre-1939
0.5%-96% vs US avg
x
Built Post-2014
1.0%-85% vs US avg
x
Rent Burden >30%
32.2%-35% vs US avg
x
Mortgage-Free
48.3%+26% vs US avg
x
$199,500
Home Value
$790
Rent
1986
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached63.0%
  • 1-unit attached0.0%
  • 2-9 units17.4%
  • 10+ units9.0%
  • Mobile home & other10.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$199,500
Median rent$790
Owner-occupied65.0%
Vacant15.8%
Price-to-income3.4x
Est. income to buy$55,000