Rainbow, MO Housing Market

Homes for sale

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.

Trends
Demand
Schools
Climate
Transportation

Rainbow Housing Market Trends

What is the housing market like in Rainbow today?

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

Down Payment

—

Total Homes Sold

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.

Work with the best agents in Rainbow

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How hot is the Rainbow housing market?

Rainbow is somewhat competitive. Homes sell in 25 days.

100

Somewhat Competitive

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.

Compare With Nearby Neighborhoods

Blackburn

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 25 days.
Hot homes
can sell for around list price and go pending in around 15 days.

Waterfield

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 18 days.
Hot homes
can sell for about 2% above list price and go pending in around 10 days.

See more nearby cities and neighborhoods

Schools in Rainbow

Learn about schools in the Rainbow area

Elementary
Middle
High

GreatSchools Rating

6/10 Buckner Elementary School Public • K-4	305 Students	1 reviews
6/10 Blue Hills Elementary School Public • K-4	362 Students	4 reviews
5/10 Elm Grove Elementary School Public • K-4	326 Students	5 reviews
4/10 Cler-Mont Elementary School Public • K-4	333 Students	4 reviews
3/10 Fire Prairie Middle School Public • 5-6	761 Students	2 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.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Moderate

99% of properties are at moderate risk of heat over the next 30 years

Provided by First Street Foundation

Transportation in Rainbow

Learn about the walkability, bikeability, and transit-friendliness of Rainbow

0 / 100

Car-Dependent

Walk Score®

15 / 100

Somewhat Bikeable

Bike Score®

More real estate resources for Rainbow

New Listings in Rainbow

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