Above is a snapshot look at the real estate market in Rainbow City, AL. In Rainbow City, AL, the median house price is $142,300, making the price 11% higher than that the average for Alabama. Therefore, the affordability of Rainbow City, AL area real estate is less affordable than the real estate in other areas of Alabama. In addition, Rainbow City, AL has a median rent price of $721; this price is 1% lower than that the average rental price for Alabama. 63.1% of residents in Rainbow City, AL are homeowners, and the average amount of people who reside in each home is 2.5. Rainbow City, AL has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Rainbow City, AL real estate for sale.