The Rainbow City housing market is somewhat competitive. The median sale price of a home in Rainbow City was $245K last month, down 7.2% since last year. The median sale price per square foot in Rainbow City is $143, up 5.5% since last year.
What is the housing market like in Rainbow City today?
In June 2025, Rainbow City home prices were down 7.2% compared to last year, selling for a median price of $245K. On average, homes in Rainbow City sell after 19 days on the market compared to 52 days last year. There were 7 homes sold in June this year, down from 8 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$245,000
-7.2% YoY | Jun 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2025
Growth
% YoY
Rainbow City, AL
$245,000
-7.2%
United States
To compare other locations to the Rainbow City and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Rainbow City's median sale price is 45% lower than the national average. Overall cost of living in Rainbow City is 15% lower than the national average. Learn which home features in Rainbow City add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Rainbow City housing market?
Rainbow City is somewhat competitive. Homes sell in 29 days.
0
100
65
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 29 days.
Hot homes
can sell for around list price and go pending in around 6 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Rainbow City housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Rainbow City.
Flood Factor - Major
30% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Rainbow City has a major risk of flooding. 1,472 properties in Rainbow City are likely to be
severely affected
by flooding over the next 30 years. This represents 30% of all properties in Rainbow City. Flood risk is increasing slower than the national average.
99% of properties are at risk of wildfire over the next 30 years
Fire Factor
Rainbow City has a moderate risk of wildfire. There are 5,993 properties in Rainbow City that have some risk of being affected by wildfire over the next 30 years. This represents 99% of all properties in Rainbow City.
54% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Rainbow City has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Rainbow City is most at risk from hurricanes. 3,285 properties in Rainbow City have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 90 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 100 mph.