The Rainbow housing market is somewhat competitive. The median sale price of a home in Rainbow was $620K last month, up 33.8% since last year. The median sale price per square foot in Rainbow is $188, up 15.0% since last year.
In February 2025, Rainbow home prices were up 33.8% compared to last year, selling for a median price of $620K.
$715K
Sale Price
+54.3% since last year
$188
Sale $/Sq. Ft.
+15.0% since last year
Under List Price
1.6%
Days on Market
25
Down Payment
—
Total Homes Sold
1
To compare other locations to the Rainbow and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Independence add value to a home.
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How hot is the Rainbow housing market?
Rainbow is somewhat competitive. Homes sell in 25 days.
0
100
41
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 12 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 25 days.
Hot homes
can sell for around list price and go pending in around 4 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 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Rainbow.
Flood Factor - Moderate
16% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Rainbow has a moderate risk of flooding. 65 properties in Rainbow are likely to be
severely affected
by flooding over the next 30 years. This represents 16% of all properties in Rainbow. Flood risk is increasing slower than the national average.
48% of properties are at risk of wildfire over the next 30 years
Fire Factor
Rainbow has a moderate risk of wildfire. There are 306 properties in Rainbow that have some risk of being affected by wildfire over the next 30 years. This represents 48% of all properties in Rainbow.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Rainbow has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Rainbow is most at risk from hurricanes. 631 properties in Rainbow 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 50 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 52 mph.