What is the housing market like in Rainbow Drive today?
In December 2023, Rainbow Drive home prices were down 30.3% compared to last year, selling for a median price of $230K.
$220K
Sale Price
$172
Sale $/Sq. Ft.
Over List Price
0%
Days on Market
41
Down Payment
—
Total Homes Sold
1
To compare other locations to the Rainbow Drive and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Kannapolis add value to a home.
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Home offer insights for Rainbow Drive
Explore recent offers and recently sold homes in Rainbow Drive
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 Drive housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Rainbow Drive.
Risk Factor
Flood Factor - Minor
3% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Rainbow Drive has a minor risk of flooding. 10 properties in Rainbow Drive are likely to be
severely affected
by flooding over the next 30 years. This represents 3% of all properties in Rainbow Drive. Flood risk is increasing faster than the national average.
87% of properties are at risk of wildfire over the next 30 years
Fire Factor
Rainbow Drive has a moderate risk of wildfire. There are 446 properties in Rainbow Drive that have some risk of being affected by wildfire over the next 30 years. This represents 87% of all properties in Rainbow Drive.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Rainbow Drive has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Rainbow Drive is most at risk from hurricanes. 508 properties in Rainbow Drive 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 64 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 74 mph.