Rainbow Gap Estates Homes for Sale and Home Values
About 138 lots, platted from 1966 to 2017, with a mix of one- and two-story homes built 1971 to 1984, typically about 2,400 sq ft on half to three quarters of an acre.
$325,000Median sale price4 resales, last 12 months
$155Per square footdown 16.8% from a year earlier
2Homes for sale nowplus 0 under contract
1 in 46Homes sell here each yearless often than 89% of Huntsville-area neighborhoods
As of November 1, 2026, 2 homes are for sale in Rainbow Gap Estates, asking $275,000 to $465,000 (median $370,000, about $183 per sq ft), with 0 under contract.
Over the last 3 years, 9 resale homes sold here out of about 138 lots, roughly 3 a year, or roughly one every four months. Homes come up here less often than in 89% of the Huntsville-area neighborhoods we track, so a good one can go quickly.
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When Rainbow Gap Estates homes were listed over the last 3 years. Listings came in bunches; March was the busiest (3). The median home took 185 days from listing to closing in the last 12 months.
Waiting for the Right Home Here?Join the waiting list and we will email you the day a Rainbow Gap Estates home hits the market. Free, and you can stop the emails any time.
For a typical 2,400 sq ft home here. Middle of the range: about $340,000. Based on 4 Rainbow Gap Estates resales between 1,976 and 2,835 sq ft in the last 3 years.
Size-only estimate, not an appraisal. Kitchens, roofs, lots and streets can move a home above or below it. For your exact value, ask for a free, no-pressure walk-through.
What Homes Like Yours Sold For
Most sales: under 1,600 sq ft, median $265K
Resales in Rainbow Gap Estates over the last 3 years, sorted into size groups, so you can compare like with like. Most sales here were in the under 1,600 group.
Home size
Sales
Median
Range
Under 1,600 sq ft
3
$265K
$235K to $290K$184 per sq ft
1,600 to 1,999
1
$180K
one sale$91 per sq ft
2,000 to 2,499
1
$450K
one sale$186 per sq ft
2,500 to 2,999
2
$395K
$375K to $415K$141 per sq ft
3,000 and up
2
$584K
$550K to $619K$177 per sq ft
Price per Square Foot Over Time
$152 to $155: steady, with a small dip this year
Each point is the median price per square foot of resales in the 12 months ending that month. It went from $152 in the year to August 2025 to $155 now: steady, with a small dip this year.
Show the numbers
12 months to
Sales
Median price
Per sq ft
Aug 2025
3
$450,000
$152
Nov 2025
3
$450,000
$186
Jan 2026
5
$265,000
$163
May 2026
5
$265,000
$152
Aug 2026
5
$265,000
$163
Nov 2026
4
$325,000
$155
How the Market Is Moving
185 days listing to closing, 84.6% of asking, balanced market
185 daysmedian from listing to closing (0 of 4 closed within 60 days)
84.6%of the original asking price, median
4 of 4sellers lowered the price before selling
6.0 monthsof supply at the last year's pace, a balanced market
Homes for sale now ask about $183 per sq ft, well above the $155 recent sales brought, so expect some room to negotiate on the higher-priced listings. The typical seller here took about 15% less than the first asking price, so pricing right from day one matters.
Recent Home Sales in Rainbow Gap Estates
All 9 sales in the last 3 years. Street names only; days are from listing to closing.
Street
Sq ft
Sold
Closed
Foothill Court4 bd / 3.5 ba
3,064
$619K$202/sq ft
Jun 202684 days
Beaver Run Drive4 bd / 2.75 ba
2,835
$415K$146/sq ft
Mar 2026287 days
Beaver Run Drive4 bd / 2 ba
1,441
$235K$163/sq ft
Jan 2026293 days
Eldorado Drive2 bd / 2 ba
1,976
$180K$91/sq ft
Dec 202578 days
Beaver Run Drive4 bd / 2 ba
1,425
$265K$186/sq ft
Sep 2025203 days
Show All Recent Sales
4 more sales, back to April 2024
Street
Sq ft
Sold
Closed
Scenic Drive4 bd / 3.5 ba
3,610
$550K$152/sq ft
Jun 202524 days
Eldorado Drive4 bd / 3 ba
2,414
$450K$186/sq ft
Mar 2025157 days
Foothill Court3 bd / 2.75 ba
2,752
$375K$136/sq ft
Aug 2024149 days
Eldorado Drive3 bd / 2 ba
1,577
$290K$184/sq ft
Apr 202437 days
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Per the listings; verify an address with Madison City Schools
Most recent Rainbow Gap Estates listings show these assigned schools; the outline crosses a zone line, so a few show another school (noted on the card).
Assigned schools per the listings. Zone lines can change, so verify a specific address with Madison City Schools before you buy.
Around Rainbow Gap Estates
Map of Rainbow Gap Estates and Nearby Neighborhoods
The outline plus 5 nearby neighborhoods with prices and homes for sale
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Rainbow Gap Estates is in Madison, ZIP 35758. Use the map search to see every home listed under this name.
Neighborhood History
First platted 1966, about 138 lots
The first section of Rainbow Gap Estates was recorded with Madison County in 1966 and the most recent in 2017, 10 recorded plats in all, laying out about 138 lots on roughly 87 acres. Homes that have sold or listed recently were built from 1971 to 1984 and range from about 1,400 to 3,600 sq ft; 5 of the 10 with a recorded style were one-story. Lots run half to three quarters of an acre.
Compare Nearby Neighborhoods
Resale and new home sales in the last 12 months, nearest first. Tap a name to open its page.
As of November 1, 2026, 4 resale homes in Rainbow Gap Estates sold in the last 12 months at a median price of $325,000, or $155 per square foot. Most sales fall between about $180K and $619K depending on size.
How much is my Rainbow Gap Estates home worth?
Start with homes of a similar size: a typical 2,400 sq ft home here would fall around $300,000 to $375,000 based on recent resales. Updates, condition, lot and street can move a home outside that range, so for a real number request a free home value and we will compare your home with the closest sales.
How often do homes come up for sale in Rainbow Gap Estates?
Over the last 3 years, 9 resale homes sold here, about 3 a year out of roughly 138 lots, or about 1 home in 46 each year. That is less often than in 89% of Huntsville-area neighborhoods we track.
What schools are Rainbow Gap Estates homes assigned to?
Listings in Rainbow Gap Estates show Horizon Elementary, Discovery Middle and Bob Jones High School in Madison City Schools. A few listings near the edge show a different school. Zone lines can change, so verify a specific address with the district.
How old are the homes in Rainbow Gap Estates?
The first plat was recorded with Madison County in 1966 and the most recent in 2017. Homes that have sold or listed recently were built from 1971 to 1984.
How big are the lots in Rainbow Gap Estates?
Based on recent resales, most lots run half to three quarters of an acre. A few are larger.
Talk to a Local Agent About Rainbow Gap Estates
Buying, selling or just curious what your home would bring? We will give you a straight answer, with no pressure either way.
Source: ValleyMLS; deemed reliable but not guaranteed. Homes, townhomes and condos listed under the subdivision name Rainbow Gap Estates in ZIP 35758. Figures are medians as of November 1, 2026. Lot counts and plat years from Madison County subdivision plats. This is general market information, not an appraisal or a value opinion for any specific home.
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Listing data is derived in whole or in part from NALMLS and is for consumers' personal, non-commercial use only. All data should be independently verified..
This information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed.
