Housing in Rainbow City, AL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$169,950
Median List Price
$379,900
Price Per Sq Ft
$111
Days on Market
25
Active Inventory
26
Months of Supply
6.5
Buyer's market
Zillow Home Value
$238,708
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
25.0%
Off Market in 2 Weeks
44.4%
Sale-to-List Ratio
96.5%
Buyer's market
Market Activity
Source: RedfinHomes Sold
4
New Listings
7
Pending Sales
9
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$111
Median List $/SF
$168
Rainbow City vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Rainbow City is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$203,600
Median Rent
$998
Total Housing Units
4,565
Vacancy Rate
15.1%
Owner Occupied
64.1%
Renter Occupied
35.9%
Median Property Tax
$683
per year
Monthly Cost (w/ Mortgage)
$840
Housing Types
The current median sale price in Rainbow City, AL is $169,950 according to Redfin data. Homes spend a median of 25 days on the market. 25.0% of homes sold above asking price. The market has 6.5 months of supply. The median price per square foot is $111. The median rent is $998 per month (Census ACS). About 64.1% of housing units are owner-occupied. The median year homes were built is 1987. There are 4,565 total housing units.