Rainbow City (35906) has an estimated 9,897 residents with 9,882 of those people in approximately 4,233 housing units. The 35906 zipcode contains 1,682 housing units that are owned with a mortgage or a loan, 1,006 housing units that are owned free and clear and 1,545 housing units that are renter occupied.

In Rainbow City (35906) the median listing price of $172,450 has dereased by $5,300 since 2018-10.

In 2018 the average percentage drop was 4.78% of original listing price.

Zip code 35906 is in the Gadsden metropolitan area.
The median estimated home value in Rainbow City, AL (35906) is $151,300 as of 2018-10-31

In Rainbow City, AL (35906), values have dereased by -0.02 from when they peaked at $154,900 in 2008-Q2

The Zillow Market Health Index for Rainbow City, AL (35906) is 3.15. The corresponding state value is 0.98. This is significantly higher than the overall Market Health Index of Alabama.
Metro value is 2.56.
This is higher than the overall Market Health Index of Gadsden.