Rainbow, Texas.
Typical home $399,697 (-0.4% in a year).
to buy the typical home at today's mortgage rate — +$1,124 (+115%) since Jan 2020.
- 1 year
- Down $1,579 -0%
- $401,276$399,697 since Sep 2025
- 5 years
- Up $52,874 +15%
- $346,823$399,697 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Rainbow$2,098
- Texas$1,556
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 24 years.
Typical home values in Rainbow, TX fell 0.4% over the past year — slower than the nation's +1.2%.
Living in Rainbow, Somervell County, Texas
The Census does not count Rainbow on its own, so the figures here are Somervell County's. 80% of the county's homes are lived in by their owners and 20% are rented. Unemployment in Somervell County was 4.9% in August 2026, and the county had 3.9% fewer jobs in 2025 than the year before. The most people in Somervell County work in schools and health care, then transport and warehouses.
Written by AI Claude Haiku 5.5 wrote this on 22 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Rainbow is a small town in Somervell County, Texas, where most homes are lived in by their owners and the population leans toward middle and later life. Winters are mild with little or no snow, summers are hot, and the area gets a fair amount of rain through the year. Fewer adults hold a college degree here than across the country as a whole.
Work. Many residents work in schools, hospitals and social care, in transport, warehouses and utilities, in manufacturing, or in restaurants, hotels and entertainment. Jobs in the county have fallen since the year before, and unemployment is somewhat higher than it was a year earlier. The local economy is therefore working through a period of change.
Things to do. Dinosaur Valley State Park, a protected area, is a short drive away, and the Fossil Rim Wildlife Center, a zoo, is also a short drive off. The Paluxy River, a river a longer drive away, offers a quieter outing for a longer day.
Report a mistake
- 3,713households
- 44.5median age
- 29%of adults have a degree
- 8%below the poverty line
- 28 mintypical commute
- 11%work from home
What people in Somervell County work in
Employed residents by industry, from the Census survey. Somervell County had 3,820 jobs in 2025, 3.9% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 57° and lows near 31°; warmest in July, with highs near 96° and lows near 73°. About 34 inches of rain a year, and little or no snow.
Average daily high and low, 1991–2020, at the Rainbow weather station, a mile away (NOAA).
Largest workplaces in Somervell County
- Comanche Peak Nuclear Power PlantElectric power generation, nuclear665
- Glen Rose ISDSchool district293FTE
- Glen Rose Medical CenterGeneral hospital163FTE
- Glen Rose Nursing and RehabHomes for the aged with nursing care100
- Fossil Rim Wildlife CenterWildlife sanctuaries84
- Cherokee Rose Nursing and RehabilitationNursing homes66
- Brookshire'sSupermarkets and other grocery retailers63
- Oncor Electric DeliveryDistribution of electric power24
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 6 workplaces with 20 or more staff, 1,002 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
FEMA rates every natural hazard here relatively low or very low.
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Somervell County, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Somervell County.
Rainbow home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Rainbow$399,697
- Texas$296,424
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Rainbow6
Zip codes with a Rainbow address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Rainbow — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zillow publishes no zip-level series with this city on the address.