In March 2024, Rainbow home prices were up 28.2% compared to last year, selling for a median price of $494K.
$983K
Sale Price
$230
Sale $/Sq. Ft.
Under List Price
1.6%
Days on Market
25
Down Payment
—
Total Homes Sold
2
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.
How much is your home worth? Track your home’s value and compare it to nearby sales.
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.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
6/10
Buckner Elementary School
Public • K-4
331
Students
1 reviews
5/10
Elm Grove Elementary School
Public • K-4
321
Students
5 reviews
5/10
Blue Hills Elementary School
Public • K-4
376
Students
4 reviews
3/10
Fire Prairie Middle School
Public • 5-6
800
Students
2 reviews
3/10
Cler-Mont Elementary School
Public • K-4
367
Students
4 reviews
Only showing 5 of
7 elementary schools.
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.
Risk Factor
Flood Factor - Major
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Rainbow has a major risk of flooding. 70 properties in Rainbow are likely to be
severely affected
by flooding over the next 30 years. This represents 17% of all properties in Rainbow. Flood risk is increasing slower than the national average.
33% of properties are at risk of wildfire over the next 30 years
Fire Factor
Rainbow has a moderate risk of wildfire. There are 209 properties in Rainbow that have some risk of being affected by wildfire over the next 30 years. This represents 33% of all properties in Rainbow.