What is the Best Neighborhoods USA ranking for The Rainbows?
The Rainbows is ranked #16 of 25 eligible neighborhoods in Greenacres; #799 of 1,145 eligible neighborhoods in FL; and #11,770 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
The Rainbows
Greenacres, FL | Palm Beach County
Scored premium profile
Best Neighborhoods USA Index
37.4
Stability and Strength
42.5
Value Opportunity
42.9
Momentum
21.6
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Greenacres, FL |
| County | Palm Beach County |
| National rank | #11,770 of 14,967 |
| State rank | #799 of 1,145 |
| City rank | #16 of 25 |
| County rank | #76 of 109 |
| National percentile | 21.4 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $361,640 |
| Year-over-year home value change | -2.8% |
| Month-over-month home value change | -0.13% |
| Home value to income ratio | 5.25 |
| Median household income | $68,902 |
| Bachelor's degree or higher | 22.2% |
| Civilian unemployment rate | 2.9% |
| Homeownership rate | 69.4% |
| Housing vacancy rate | 25.7% |
| Rent burden 30% or higher | 60.6% |
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 The Rainbows
Is The Rainbows one of the best neighborhoods in Greenacres?
The Rainbows has a Best Neighborhoods USA Index of 37.4 and a city ranking of #16 of 25 eligible neighborhoods in Greenacres.
How much are homes worth in The Rainbows?
The current Zillow Home Value Index for The Rainbows is approximately $361,640.
Are home values rising or falling in The Rainbows?
Zillow neighborhood values changed -2.8% year over year and -0.13% month over month.
What is the Neighborhood Momentum Score for The Rainbows?
The Rainbows has a Neighborhood Momentum Score of 21.6. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in The Rainbows?
The NDS-derived neighborhood median household income is approximately $68,902.
How affordable is The Rainbows relative to household income?
The current Zillow home-value-to-household-income ratio is 5.25. Price-to-income affordability is a major Value Opportunity input.
Is The Rainbows primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 69.4%.
What is the unemployment rate in The Rainbows?
The NDS-derived civilian unemployment rate is approximately 2.9%.
How educated are residents of The Rainbows?
Approximately 22.2% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in The Rainbows face high rent burden?
Approximately 60.6% 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 The Rainbows?
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 applications12
Estimated originations5
Home-purchase applications7
Origination rate43.8%
Home-purchase share58.0%
Average application loan$163,395
Total application loan amount$1,976,641
National application rank#12,066 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -12.9% YoY; originations -27.6% 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.