Neighborhood · Tampa, Florida
Rainbow Heights
A practical, close-in Tampa neighborhood with room to grow
9
Homes for sale
$284,999
Median list price
$237
Avg price / sqft
73
Median days on market
Rainbow Heights sits in the middle of Tampa's everyday rhythm, close enough to downtown that a workday commute runs about 13 minutes and the airport is roughly 23. It's a straightforward residential pocket in Hillsborough County, within reach of neighboring areas like the 40th Street Corridor and the character-rich streets of Old Seminole Heights, giving buyers real options without leaving the neighborhood's orbit. It's the kind of place that appeals to people who want to be near the center of the city without paying center-of-the-city prices.
For a buyer today, the numbers tell an accessible story: nine active listings with a median list price of $270,000, ranging from $199,000 up to $440,000. Homes here sell at about 97% of asking and take a median of 60 days to move, so there's time to make a considered offer. Compared with pricier corners of Tampa or the lakefront appeal of Lake Magdalene, Rainbow Heights lands as one of the more attainable entries into the market.
Rainbow Heights is a community in Tampa, Florida.
Quick facts
$199,000 – $435K price range
1,365 sqft median home
$1,550/mo median rent
23 sold in 12 months
Drive times
On the market now
Homes for sale in Rainbow Heights
$284,999
4604 COURTLAND STREET, TAMPA
3 bd · 2 ba · 1,080 sqft
$369,000
3721 E NORTH BAY STREET, TAMPA
3 bd · 2 ba · 1,146 sqft
$379,000
4411 N TROY STREET, TAMPA
4 bd · 2 ba · 1,560 sqft
$199,000$225,000
3801 E OSBORNE AVENUE, TAMPA
4 bd · 1.5 ba · 2,294 sqft
$249,999$269,999
3613 E CHELSEA STREET, TAMPA
4 bd · 2 ba · 1,365 sqft
$435,000$440,000
4509 N 39TH STREET, TAMPA
3 bd · 2 ba · 1,655 sqft
$270,000$275,000
4607 N 35TH STREET, TAMPA
2 bd · 1 ba · 840 sqft
$199,900$201,900
3916 E GENESEE STREET, TAMPA
3 bd · 1 ba · 735 sqft
$350,000$375,000
3905 E OSBORNE AVENUE, TAMPA
5 bd · 3 ba · 1,936 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
23
Sold, last 12 months
$309,000
Median sold price
97%
Sale-to-list ratio
What sellers actually get vs asking
36 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
≈ $1,986/mo
$284,999 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
$1,550/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 prioritize location over square footage, with downtown Tampa about 13 minutes away and the airport around 23. Assigned schools include Middleton High School and McLane Middle School, and neighboring communities like the 40th Street Corridor add to the everyday options. It's a practical, centrally located choice rather than a resort-style enclave.
Is Rainbow Heights expensive?+
Not by Tampa standards. The median list price is $270,000 and active homes range from $199,000 to $440,000, which is more attainable than many close-in neighborhoods across Tampa. There are currently no listings above $1 million here.
What do homes cost in Rainbow Heights?+
Active listings run a median of $270,000, working out to about $227 per square foot on a median home size of 1,434 square feet. Over the last 12 months, 24 homes sold at a median price of $310,056. If renting is your comparison point, the median rent sits around $2,195 a month.
How is the market in Rainbow Heights?+
It's a measured market with nine active listings and a median of 60 days on market, so buyers have room to evaluate. Sellers are getting about 97% of asking on average, which points to realistic pricing on both sides. With 24 sales in the past year, it's steady rather than frenzied.
What about HOA fees and property taxes?+
There's no typical HOA fee reported for the neighborhood, which keeps ongoing costs simpler than in many gated or planned communities like those near Gandy/sun Bay South. The median property tax runs about $3,908 per year. Always confirm the specific figures on any individual home before you write 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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