Why Live in Rainbow-Meadowood
Rainbow-Meadowood, located 3 miles southwest of downtown Greensboro, offers a blend of walkability and city amenities. The neighborhood is close to the University of North Carolina Greensboro, the Greensboro Aquatic Center, and the Greensboro Coliseum, providing residents with numerous things to do. Sidewalks and tree-lined streets enhance the area's walkability, while a variety of shopping and dining options are conveniently located nearby. Residents can shop at the Food Lion on Coliseum Boulevard or visit specialty markets like Bangkok Market and El Marjan Halal Market. The Four Seasons Town Center, a three-story indoor mall, is about 2 miles away. Dining options along West Gate City Boulevard include So-Sapp for Asian fusion, La Bamba and El Torito for Mexican cuisine, and Mike’s Vegan Grill for all-vegan fare. The neighborhood is lively, with frequent events at the Coliseum and concerts at the White Oak Amphitheater. Outdoor activities are available at Maywood Park and the Glenwood Recreation Center, which features a skate park and various sports programs. Homes in Rainbow-Meadowood primarily consist of mid-1900s ranch-style houses and bungalows, with newer traditional-style homes also available. Transportation options include Greensboro Transit Authority buses and easy access to Interstate 40. The Piedmont Triad International Airport is 13 miles away, and an Amtrak station is 3 miles from the neighborhood. While the area is somewhat noisy due to its proximity to the highway and Coliseum, environmental hazards like ice storms and lightning are common.
Frequently Asked Questions
Is Rainbow-Meadowood a good place to live?
Rainbow-Meadowood is a good place to live. Rainbow-Meadowood is considered somewhat walkable and somewhat bikeable. Rainbow-Meadowood is a suburban neighborhood. Rainbow-Meadowood has 7 parks for recreational activities. It is fairly sparse in population with 3.4 people per acre and a median age of 35. The average household income is $52,345 which is below the national average. College graduates make up 8.2% of residents. A majority of residents in Rainbow-Meadowood are renters, with 55.3% of residents renting and 44.7% of residents owning their home. A
local real estate agent serving Rainbow-Meadowood can help you decide if this neighborhood is the right one for you. Learn more on our
Rainbow-Meadowood neighborhood guide.
Is Rainbow-Meadowood, NC a safe neighborhood?
Rainbow-Meadowood, NC is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Rainbow-Meadowood?
The median home price in Rainbow-Meadowood is $210,000. If you put a 20% down payment of $42,000 and had a 30-year fixed mortgage with an interest rate of 6.26%, your estimated principal and interest payment would be $1,040 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $45K a year to afford the median home price in Rainbow-Meadowood. The average household income in Rainbow-Meadowood is $52K.
What are the best public schools in Rainbow-Meadowood?
The best public schools that serve Rainbow-Meadowood are:
What are the best private schools in Rainbow-Meadowood?
The best private schools that serve Rainbow-Meadowood are:
What are the most popular zip codes in Rainbow-Meadowood, Greensboro, NC?
What are the most popular neighborhoods near Rainbow-Meadowood, Greensboro, NC?
Home Trends in Rainbow-Meadowood, NC
On average, homes in Rainbow-Meadowood, Greensboro sell after 34 days on the market compared to the national average of 52 days. The median sale price for homes in Rainbow-Meadowood, Greensboro over the last 12 months is $181,000, down 9% from the median home sale price over the previous 12 months.
Median Sale Price
$181,000
Median Single Family Sale Price
$175,000
Average Price Per Sq Ft
$175
Number of Homes for Sale
4
Last 12 months Home Sales
19
Median List Price
$210,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-9%
