Rainbow Mountain Heights Homes for Sale and Home Values
About 106 lots, platted from 1959 to 2025, with a mix of one- and two-story homes built 1972 to 1994, typically about 3,100 sq ft on lots from three quarters of an acre to about 1.9 acres.
$500,000Median sale price3 resales, last 12 months
9 resales in 3 years; busiest months: June, September and April
Over the last 3 years, 9 resale homes sold here out of about 106 recorded lots, roughly 3 a year, or roughly one every four months. Homes are still being built here, so new-home sales are left out and the rate may shift as building wraps up.
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When Rainbow Mountain Heights homes were listed over the last 3 years. Listings came in bunches; June, September and April were the busiest (2 each). The median home took 57 days from listing to closing in the last 12 months.
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For a typical 3,100 sq ft home here. Middle of the range: about $510,000. Based on 5 Rainbow Mountain Heights resales between 2,745 and 3,135 sq ft in the last 3 years.
This is a size-based starting point, not an appraisal. Condition, updates, the lot and the street all move the number. A free walk-through with a local agent gives you the real figure.
What Homes Like Yours Sold For
Most sales: 2,500 to 2,999, median $485K
Resales in Rainbow Mountain Heights over the last 3 years, sorted into size groups, so you can compare like with like. Most sales here were in the 2,500 to 2,999 group.
Home size
Sales
Median
Range
2,000 to 2,499
1
$330K
one sale$164 per sq ft
2,500 to 2,999
3
$485K
$375K to $570K$177 per sq ft
3,000 to 3,999
2
$507K
$500K to $515K$163 per sq ft
4,000 and up
3
$755K
$681K to $764K$150 per sq ft
Price per Square Foot Over Time
$157 to $162: edging up
Each point is the median price per square foot of resales in the 12 months ending that month. It went from $157 in the year to November 2025 to $162 now: edging up.
Show the numbers
12 months to
Sales
Median price
Per sq ft
Nov 2025
4
$662,500
$157
Jan 2026
6
$625,500
$158
May 2026
6
$625,500
$158
Aug 2026
5
$570,000
$162
Nov 2026
3
$500,000
$162
How the Market Is Moving
57 days listing to closing, 100.0% of asking, balanced market
57 daysmedian from listing to closing (2 of 3 closed within 60 days)
100.0%of the original asking price, median
0 of 3sellers lowered the price before selling
4.0 monthsof supply at the last year's pace, a balanced market
Homes for sale now ask about $169 per sq ft against $162 for recent sales. Sellers here have typically gotten close to their first asking price.
Recent Home Sales in Rainbow Mountain Heights
All 9 sales in the last 3 years. Street names only; days are from listing to closing.
Street
Sq ft
Sold
Closed
Rainbow Drive4 bd / 3.25 ba
3,088
$500K$162/sq ft
Jul 202631 days
Rainbow Drive4 bd / 3.5 ba
4,468
$681K$152/sq ft
Jan 2026111 days
Carter Road3 bd / 2 ba
2,745
$485K$177/sq ft
Jan 202657 days
Nale Drive3 bd / 2.5 ba
2,812
$570K$203/sq ft
Sep 202544 days
Nale Drive5 bd / 3.25 ba
5,181
$755K$146/sq ft
Aug 202570 days
Show All Recent Sales
4 more sales, back to November 2023
Street
Sq ft
Sold
Closed
Rainbow Drive6 bd / 4.5 ba
5,081
$764K$150/sq ft
Jul 202594 days
Nale Drive5 bd / 4 ba
3,135
$515K$164/sq ft
Jun 202569 days
Nale Drive3 bd / 2 ba
2,013
$330K$164/sq ft
Mar 202449 days
Rainbow Drive4 bd / 2.5 ba
2,749
$375K$136/sq ft
Nov 202360 days
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Rainbow Mountain Heights is in Madison, ZIP 35758. Use the map search to see every home listed under this name.
Neighborhood History
First platted 1959, about 106 lots
The first section of Rainbow Mountain Heights was recorded with Madison County in 1959 and the most recent in 2025, 9 recorded plats in all, laying out about 106 lots on roughly 112 acres. Homes that have sold or listed recently were built from 1972 to 1994 and range from about 2,000 to 5,200 sq ft; 5 of the 9 with a recorded style have two or more stories. Lots run lots from three quarters of an acre to about 1.9 acres.
Compare Nearby Neighborhoods
Resale and new home sales in the last 12 months, nearest first. Tap a name to open its page.
What do homes in Rainbow Mountain Heights sell for?
As of November 1, 2026, 3 resale homes in Rainbow Mountain Heights sold in the last 12 months at a median price of $500,000, or $162 per square foot.
How much is my Rainbow Mountain Heights home worth?
Start with homes of a similar size: a typical 3,100 sq ft home here would fall around $500,000 to $550,000 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 fast do homes sell in Rainbow Mountain Heights?
The median home took 57 days from listing to closing in the last 12 months, and 2 of 3 closed within 60 days. Sellers got a median of 100.0% of their original asking price.
What schools are Rainbow Mountain Heights homes assigned to?
Listings in Rainbow Mountain Heights show Rainbow Elementary, Discovery Middle and Bob Jones High School in Madison City Schools. Zone lines can change, so verify a specific address with the district.
How old are the homes in Rainbow Mountain Heights?
The first plat was recorded with Madison County in 1959 and the most recent in 2025. Homes that have sold or listed recently were built from 1972 to 1994.
How big are the lots in Rainbow Mountain Heights?
Based on recent resales, most lots run lots from three quarters of an acre to about 1.9 acres.
Talk to a Local Agent About Rainbow Mountain Heights
Thinking about a move in or out of Rainbow Mountain Heights? Ask us anything; you will get a plain answer and no sales pitch.
Source: ValleyMLS; deemed reliable but not guaranteed. Homes, townhomes and condos listed under the subdivision name Rainbow Mountain Heights 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.
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.
