Rainbow Heights, Tampa, FL, Real Estate
Residents enjoy abundant nearby parks and recreational facilities that promote an active, family-friendly lifestyle. Highlights include the year-round Cyrus Greene Pool, the Jackson Heights NFL YET Center with its playground, indoor/outdoor sports areas, and youth programs, and the renowned Spot Skatepark of Tampa featuring indoor and outdoor skating options with rentals and a pro shop. The area boasts highly rated public schools, convenient access to major highways such as I-4 and I-275 for quick commutes to downtown Tampa (about 15 minutes), the airport, and attractions, plus proximity to shopping, dining, and public transit via HART buses, making it an appealing up-and-coming spot for affordable living with urban convenience.
Rainbow Heights currently has 11 single family homes for sale with an average list price of $275,745.46 and 2 lots for sale with an average list price of $129,900. The average annual property tax for Rainbow Heights is $1,917.69.
Schools
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What's Hot & What Not
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Rainbow Heights, i.e. what's hot and what's not.
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Recent Sales
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Subdivisions
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Courtland is a single-family home community in the Rainbow Heights neighborhood of Tampa, Florida, built between 1946 and 2025. It currently has 1 single family home for sale with a list price of $275,000. The homes range in size from 680 ft2 to 1,839 ft2. The average annual property tax for Courtland is $1,390.71. It is located in Hillsborough County. Families appreciate proximity to Potter Elementary School for younger children, alongside options like McLane Middle School and Middleton High School in the Hillsborough County district. Outdoor enthusiasts can unwind at McKay Bay Nature Park, just minutes away, offering trails, wildlife viewing, and waterfront serenity, or explore the historic Ybor City Museum State Park for cultural immersion. Shopping is convenient with nearby malls and the vibrant Florida State Fairgrounds, while diverse dining ranges from casual eateries to acclaimed spots along Hillsborough Avenue. Quick interstate connections via I-275 also link to downtown Tampa's attractions, including The Florida Aquarium and Busch Gardens, as well as beaches and hospitals, blending suburban tranquility with urban excitement.
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Median Price: $345,000 |
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Highland View is a single-family home community in the Rainbow Heights neighborhood of Tampa, Florida, built between 1958 and 2023. It currently has 1 single family home for sale with a list price of $385,000. The homes range in size from 520 ft2 to 1,615 ft2. The average annual property tax for Highland View is $1,580.97. It is located in Hillsborough County. Residents enjoy proximity to local parks including Highland Pines Park, which offers a recreation center, playground, picnic areas, sports courts, ball fields, and jogging paths.The neighborhood is served by Hillsborough County schools, including James Elementary, McLane Middle, and Middleton High School.Convenient access to Interstate 4 and major roads facilitates commuting to downtown Tampa, where residents can find abundant shopping, dining, entertainment, and cultural attractions, along with nearby spots like the Skatepark of Tampa and waterfront areas along McKay Bay for outdoor recreation.
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Zion Heights is a single-family home community in the Rainbow Heights neighborhood of Tampa, Florida, built between 1910 and 2025. It currently has 3 single family homes for sale with an average list price of $259,933.33. The homes range in size from 792 ft2 to 1,772 ft2. The average annual property tax for Zion Heights is $1,726.86. It is located in Hillsborough County. Residents enjoy convenient access to major highways for quick commutes, placing them just minutes from vibrant Downtown Tampa, historic Ybor City, and Tampa International Airport. Nearby attractions include Busch Gardens and ZooTampa for family entertainment, along with a variety of local parks, shopping centers, restaurants, and highly regarded Hillsborough County schools such as Potter Elementary, McLane Middle, and Middleton High, making it a practical choice for those seeking urban proximity with suburban comfort.
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Median Price: $290,000 |
Subdivisions
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Market Trends
Rainbow Heights home sales for the month of December decreased in volume when compared to last year, while the median sale price decreased.
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$290,000
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$279,000
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2024 |
2025 |
Median Sale Price for Rainbow Heights
Number of Sales for Rainbow Heights
Market Trends
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