Over the last 3 years, 4 resale homes sold here out of about 68 lots, roughly 1 a year, or roughly one every nine months. Homes come up here less often than in 93% of the Huntsville-area neighborhoods we track, so a good one can go quickly.
Waiting for the Right Home Here?Join the waiting list and we will email you the day a Rainbow Subdivision home hits the market. Free, and you can stop the emails any time.
There have not been enough recent resales of similar homes in Rainbow Subdivision for an honest instant range. A local agent can compare your home with the closest sales here and nearby.
Not an appraisal. Your exact value comes from a free, no-pressure walk-through with a local agent.
What Homes Like Yours Sold For
Most sales: under 1,600 sq ft, median $172K
Resales in Rainbow Subdivision 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
2
$172K
$125K to $220K$146 per sq ft
2,000 to 2,499
2
$330K
$310K to $350K$156 per sq ft
How the Market Is Moving
41 days listing to closing, 101.7% of asking, buyer-leaning market
These use the last 3 years because fewer than 3 homes resold here in the last 12 months.
41 daysmedian from listing to closing (4 of 4 closed within 60 days)
101.7%of the original asking price, median
0 of 4sellers lowered the price before selling
12.0 monthsof supply at the last year's pace, a buyer-leaning market
Homes for sale now ask about $213 per sq ft, well above the $156 recent sales brought, so expect some room to negotiate on the higher-priced listings. Most sellers here got at or near their first price.
Recent Home Sales in Rainbow Subdivision
All 4 sales in the last 3 years. Street names only; days are from listing to closing.
Street
Sq ft
Sold
Closed
Forrest Drive3 bd / 1 ba
1,299
$125K$96/sq ft
Feb 202614 days
Forrest Drive3 bd / 1 ba
1,127
$220K$195/sq ft
Aug 202539 days
Roema Drive4 bd / 2.25 ba
2,126
$350K$165/sq ft
Sep 202458 days
Wallace Circle3 bd / 1.75 ba
2,096
$310K$148/sq ft
Nov 202343 days
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Rainbow Subdivision is in Madison, ZIP 35758. Use the map search to see every home listed under this name.
Neighborhood History
First platted 1963, about 68 lots
The first section of Rainbow Subdivision was recorded with Madison County in 1963 and the most recent in 1971, 3 recorded plats in all, laying out about 68 lots on roughly 32 acres. Homes that have sold or listed recently were built from 1966 to 1986 and range from about 1,150 to 2,150 sq ft; 4 of the 5 with a recorded style were one-story. Lots run lots of about half an acre.
Compare Nearby Neighborhoods
These are sales in nearby neighborhoods, not in Rainbow Subdivision itself: resale and new home sales in the last 12 months, nearest first.
As of November 1, 2026, 4 resale homes in Rainbow Subdivision sold in the last 3 years at a median price of $265,000, or $156 per square foot. Most sales fall between about $125K and $350K depending on size.
How often do homes come up for sale in Rainbow Subdivision?
Over the last 3 years, 4 resale homes sold here, about 1 a year out of roughly 68 lots, or about 1 home in 51 each year. That is less often than in 93% of Huntsville-area neighborhoods we track.
What schools are Rainbow Subdivision homes assigned to?
Listings in Rainbow Subdivision 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 Subdivision?
The first plat was recorded with Madison County in 1963 and the most recent in 1971. Homes that have sold or listed recently were built from 1966 to 1986.
Are most homes in Rainbow Subdivision one story?
Yes. 4 of the 5 recent listings with a recorded style were one-story, typically about 1,700 sq ft.
How big are the lots in Rainbow Subdivision?
Based on recent resales, most lots run lots of about half an acre.
Talk to a Local Agent About Rainbow Subdivision
Thinking about a move in or out of Rainbow Subdivision? 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 Subdivision 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.
