Why Live in Rainbow City
Rainbow City, located along the Coosa River in Northeast Alabama, is a growing suburban community with a population of around 10,000. Known for its suburban character and well-maintained housing, the city features a mix of ranch and new traditional homes on smaller lots near the center, while larger Craftsman and Colonial-style houses with expansive lots are found in more rural areas. Residents enjoy recreational activities on the Coosa River, including boating, fishing, and picnicking at Rainbow Landing. The city also boasts the Vivian Lee Maddox Sports Complex, which includes baseball fields, multipurpose fields, and a walking path. Rainbow City Park offers a playground and courts for pickleball and tennis.
The local economy benefits from nearby Gadsden's manufacturing sector and medical centers, with many residents commuting via Interstates 59 and 759. Education is provided by the Etowah County Schools district, with John S. Jones Elementary receiving high ratings. Shopping and dining are concentrated along Rainbow Drive, with centers like Rainbow Crossing and The Village offering various options. The Rainbow City Farmers Market is a popular local event held during warmer months.
Crime rates in Rainbow City are lower than the national average, contributing to a sense of safety among residents. The climate features hot, humid summers with severe storms and cool winters, typical of the Deep South.
Home Trends in Rainbow City, AL
On average, homes in Rainbow City, AL sell after 61 days on the market compared to the national average of 50 days. The median sale price for homes in Rainbow City, AL over the last 12 months is $246,500, down 5% from the median home sale price over the previous 12 months.
Median Sale Price
$246,500
Median Single Family Sale Price
$252,500
Average Price Per Sq Ft
$141
Number of Homes for Sale
23
Last 12 months Home Sales
98
Median List Price
$270,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-5%