What is the Best Neighborhoods USA ranking for Rainbow Ridge?
Rainbow Ridge is ranked #5 of 25 eligible neighborhoods in Moreno Valley; #809 of 1,814 eligible neighborhoods in CA; and #7,032 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Rainbow Ridge
Moreno Valley, CA | Riverside County
Scored premium profile
Best Neighborhoods USA Index
51.7
Stability and Strength
54.6
Value Opportunity
51.4
Momentum
47.4
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Moreno Valley, CA |
| County | Riverside County |
| National rank | #7,032 of 14,967 |
| State rank | #809 of 1,814 |
| City rank | #5 of 25 |
| County rank | #24 of 113 |
| National percentile | 53.0 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $555,493 |
| Year-over-year home value change | 0.2% |
| Month-over-month home value change | 0.03% |
| Home value to income ratio | 5.06 |
| Median household income | $109,833 |
| Bachelor's degree or higher | 14.2% |
| Civilian unemployment rate | 6.3% |
| Homeownership rate | 84.0% |
| Housing vacancy rate | 1.9% |
| Rent burden 30% or higher | 49.4% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Rainbow Ridge
Is Rainbow Ridge one of the best neighborhoods in Moreno Valley?
Rainbow Ridge has a Best Neighborhoods USA Index of 51.7 and a city ranking of #5 of 25 eligible neighborhoods in Moreno Valley.
How much are homes worth in Rainbow Ridge?
The current Zillow Home Value Index for Rainbow Ridge is approximately $555,493.
Are home values rising or falling in Rainbow Ridge?
Zillow neighborhood values changed 0.2% year over year and 0.03% month over month.
What is the Neighborhood Momentum Score for Rainbow Ridge?
Rainbow Ridge has a Neighborhood Momentum Score of 47.4. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Rainbow Ridge?
The NDS-derived neighborhood median household income is approximately $109,833.
How affordable is Rainbow Ridge relative to household income?
The current Zillow home-value-to-household-income ratio is 5.06. Price-to-income affordability is a major Value Opportunity input.
Is Rainbow Ridge primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 84.0%.
What is the unemployment rate in Rainbow Ridge?
The NDS-derived civilian unemployment rate is approximately 6.3%.
How educated are residents of Rainbow Ridge?
Approximately 14.2% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Rainbow Ridge face high rent burden?
Approximately 49.4% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Rainbow Ridge?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications250
Estimated originations115
Home-purchase applications85
Origination rate46.0%
Home-purchase share33.9%
Average application loan$278,050
Total application loan amount$69,547,298
National application rank#1,553 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 24.5% YoY; originations 18.1% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.