From January to March, 1 home sold in Rainbow Hills for a price of $310,000. That's 6.8 percent lower than median home sale prices for the first quarter of 2017.
In the first quarter, there were no foreclosures in Rainbow Hills.
Median property tax for homeowners in Rainbow Hills was $8,618.25 in 2017 according to tax data from that year. That means homeowners pay 2.6 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.
Rainbow Hills real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
1
$397,800
-
2010
3
$270,180
-32.1%
2011
1
$174,910
-35.3%
2012
1
$307,925
76%
2014
2
$238,500
-22.5%
2015
1
$270,300
13.3%
2016
1
$225,750
-16.5%
2017
6
$332,633
47.3%
2018
1
$310,000
-6.8%
Median property tax
Median sale price
Effective property tax rate
2009
$9,139.52
$397,800
2.3%
2010
$8,066.70
$270,180
3%
2011
$8,013.98
$174,910
4.6%
2012
$8,296.46
$307,925
2.7%
2014
$7,154.65
$238,500
3%
2015
$6,351.32
$270,300
2.3%
2016
$5,886.76
$225,750
2.6%
2017
$8,618.24
$332,633
2.6%
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