Rainbow, VIC 3424
Yarriambiack Shire CouncilAll suburbs in postcode 3424
Updated
Median house price
$220,000
Median · Land Victoria · the latest published quarter (updated May 2026)
Selling in Rainbow?
Get the free selling guide, personalised to Rainbow, or ask for a free appraisal from a local agent.
Rainbow at a glance
- Median unit
- $79,200
- Population
- 672
- Median age 56
Prices: Median · Land Victoria · the latest published quarter (updated May 2026) · Population: 2021 Census
House prices in Rainbow
Houses change hands at $220,000 on a typical sale, well below the Victoria median. Units come in around $79,200, roughly 64% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $44,000. Prices are well below the Victoria median, which keeps Rainbow on the radar for first-home buyers and right-sizers.
Free appraisal in Rainbow
What’s your home worth in Rainbow?
Ask us to introduce one participating agent who sells in your area for an appraisal backed by recent comparable sales. Only with your permission, and no commitment to list.
What to know about Rainbow
Rainbow (3424) sits in the Yarriambiack region of Victoria. The median house here is $220,000, well below the Victoria median of around $850K.
Rainbow has roughly 672 residents, with a retiree-heavy demographic. Households are predominantly owner-occupied. Daily life is car-dependent: most residents drive to work, school and the shops.
What it’s like to live here
Rainbow scores 14/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 32°C (hot), winter mornings around 4°C (cold). Annual rainfall lands at about 346 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 2 government primary, 1 Catholic.
Schools in Rainbow
Location
Walkability
- Walk
- 14/100
- Transit
- 0/100
- Bike
- 0/100
Very car dependent. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put Rainbow's population at 672, with a median age of 56. That sits as a retiree-heavy demographic. Households are predominantly owner-occupied (81% own, 11% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (61% family households, 37% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
- Family households
- 61%
- Lone person
- 37%
- Owner occupied
- 81%
- Renter occupied
- 11%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Crime and safety
21 offences recorded in 2026
Top offence categories
Source: State Police Open Data
Crime data as of December 2026
Weather year-round
- Annual rainfall
- 346 mm
- Hottest month, avg max
- 32.0°C
- Coldest month, avg min
- 4.0°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Rainbow
- What is the median house price in Rainbow?
- The median house price in Rainbow, VIC 3424 is $220,000 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)). The median unit price is $79,200.
- How much is my house worth in Rainbow?
- A useful starting point is the Rainbow median house price of $220,000 (units $79,200). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- What is the Rainbow postcode?
- Rainbow is in the 3424 postcode, in VIC, in the Yarriambiack Shire Council region.
- Where is Rainbow?
- Rainbow is a suburb in the Yarriambiack Shire Council area, VIC 3424.
- What schools are in Rainbow?
- There are 5 schools serving Rainbow on this page, including Rainbow P-12 College, Jeparit Primary School, Hopetoun P-12 College.
- How walkable is Rainbow?
- Rainbow has a Walk Score of 14 out of 100, highly car-dependent. transit score 0, bike score 0.
- What suburbs are near Rainbow?
- Rainbow is close to Kenmare, Albacutya, Lake Hindmarsh, Yaapeet, Willenabrina.
- What is the population of Rainbow?
- The population of Rainbow is approximately 672 (2021 Census). The median age is 56.
Selling in Rainbow? Get the free selling guide
What selling costs, how agents price homes, what to ask them and a 12-week plan to settlement, personalised to Rainbow. A free PDF, in about a minute.
More on Rainbow and nearby
Rainbow
Compare side by side
Selling in VIC
Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.