Haley Epps
Compass Realty Group
(913) 359-9516
292 Total Sales
2 in Rainbow
$405K - $522K Price Range
Rainbow
Suburban Neighborhood in Independence, Missouri
Jackson County 64016, 64056
Legend has it that there’s a pot of gold sitting at the end of every rainbow. Mere fantasy? Perhaps. But the Rainbow neighborhood, tucked into the northeast corner of Independence, has its fair share of treasures. Featuring majestic homes on huge lots surrounded by undeveloped land, Rainbow offers a feeling of rural living while still providing easy access to all of the modern amenities that today’s homebuyer wants. “For people who want to be out of the city and live more of a rural life, it’s utopia,” says Brian Rookstool of Midwest Land Group.
The median price for homes in Rainbow hovers around $420,000, and buyers can expect to pay an average of $240 per square foot. A smaller three-bedroom/two-bathroom ranch-style home starts at around $250,000, and prices can go as high as $2.1 million for a sprawling six-bedroom/six-bathroom Tudor-style estate situated on 133 acres of land. Rookstool says, “It’s definitely high-quality real estate. The prices tend to be at the upper end of the market.”
Students in the area can attend James Lewis Elementary, Bridger Middle and Fort Osage High School. Students at Fort Osage High can participate in the A+ Program, which is designed to help eligible students prepare for college and a career after high school by promoting academic excellence and career guidance through interactions with area business partners.
Mountain bikers will love the 20 miles of trails that comprise the William Landahl Mountain Bike Park, located just a few miles south of Rainbow. Alternatively, Little Blue Trace County Park is about six miles to the west of Rainbow, offering 11 miles of hiking trails, as well as covered picnic areas and a softball field, not to mention more than 1,800 acres of undeveloped natural wonderland to explore. The nearby Osage Oaks Arena and Stables offers boarding for horses as well as riding lessons, and advanced riders have the opportunity to participate with the award-winning Kirkland Performance Horses Show Team. Those with a fondness for history can indulge their interests at the Fort Osage National Historic Landmark on the site of the original fort built under the direction of General William Clark, joint commander of the Lewis and Clark expedition.
Because of the rural setting of the neighborhood, life in Rainbow is car-dependent. For groceries, residents can shop at Sun Fresh, Save a Lot or Price Chopper, all within 10 miles of the area. For household necessities, Target is approximately 11 miles from the neighborhood. Options for dining out are in the same vicinity, with The Happy Greek offering up traditional Greek cuisine that includes gyro platters and falafel bowls, as well as several American favorites like cheesesteak sandwiches, burgers and fried shrimp. A little further afield, diners will find Vivilore, where upscale American fare is served amidst antiques and artwork by local artists. Of course, with easy access to Highway 24, residents can also get to downtown Independence or Kansas City with ease for work, play or shopping.
If you’re looking for a neighborhood that combines the peace and quiet of rural living with the convenience of nearby amenities, you can stop looking. Rainbow combines the best of both in northeastern Independence. Check it out. You might just find your own pot of gold in Rainbow.
Written By
Andrew Spencer
Photography Contributed By
Dennis Gray
Video By
Celeste Thoms
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Agents Specializing in this Area
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Haley Epps
-
Mike Cooper
Mike Cooper
RE/MAX Premier Properties
(816) 326-1982
136 Total Sales
1 in Rainbow
$580,000 Price
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Steve Hillyer
Steve Hillyer
Freedom Realty
(816) 934-5708
38 Total Sales
1 in Rainbow
$201,999 Price
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Jessica Magaha
Jessica Magaha
Platinum Realty LLC
(913) 914-8374
224 Total Sales
1 in Rainbow
$425,000 Price
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Nelson Group
Nelson Group
Responds QuicklyKeller Williams KC North
(913) 354-7156
483 Total Sales
1 in Rainbow
$525,000 Price
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CJ co. Team
CJ co. Team
Responds QuicklyReeceNichols - Leawood
(913) 600-2332
430 Total Sales
1 in Rainbow
$640,000 Price
Schools
Source:
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
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Parks in this Area
Pink Hill Park
Little Blue Trace Trail-Ripley Junction Access
Burr Oak Woods Conservation Area
Little Blue Trace County Park
Jamison-Spiker Soccer Fields
William L Landahl Park Reserve
Transit
Crime and Safety
| 1 - Low Crime, 10 - High Crime | Rainbow | US |
|---|---|---|
| Homicide | 1 | 4 |
| Sexual Assault | 1 | 4 |
| Assault with Weapon | 1 | 4 |
| Robbery | 1 | 4 |
| Burglary | 1 | 4 |
| Motor Vehicle Theft | 1 | 4 |
| Larceny | 1 | 4 |
| Crime Score | 1 | 4 |
Source: WhatIsMyCrimeRisk.com
Rainbow Demographics and Home Trends
On average, homes in Rainbow, Independence sell after 98 days on the market compared to the national average of 49 days. The median sale price for homes in Rainbow, Independence over the last 12 months is $445,365, up 9% from the median home sale price over the previous 12 months.
Housing Trends
Median List Price
$435,000
Median Sale Price
$445,365
Median Single Family Sale Price
$435,000
Median Change From 1st List Price
2%
Last 12 months Home Sales
8
Median Home Sale Price YoY Change
9%
Average Price Per Sq Ft
$188
Neighborhood Facts
Number of Homes in Neighborhood
208
Number of Homes for Sale
3
Median Year Built
1996
Months of Supply
4.50
Average Single Family Home Size Sq Ft
2,150
Above the national average
1,933
Median Lot Size Sq Ft
25,047
Distribution of Home Values
Homes for Sale
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Average Home Value
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
780
Median Age
49
Population Density
1 person/acre
Population under 18
20.9%
On par with the national average
23.8%
Population over 65
26.8%
Above the national average
19.1%
Finances
Median Household Income
$101,210
Significantly above the national average
$71,702
Average Household Income
$113,649
Education and Workforce
High School Graduates
98.4%
College Graduates
49%
Above the national average
34.1%
Advanced Degrees
13.2%
% Population in Labor Force
77.1%
Above the national average
65.1%
Weather
Annual Precipitation
42''
Average Winter Low Temperature
20°F
Average Summer High Temperature
88°F
Annual Snowfall
34''
Area Factors
Somewhat Bikeable
Bike Score®
21
/ 100
Car-Dependent
Walk Score®
0
/ 100
Minimal Transit
Transit Score®
0
/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Nearby Neighborhoods
Ripley
A growing neighborhood in small-town Independence
Little Blue
Independence area combining the space of a rural enclave and big-city conveniences
Buckner
Small-town living on the outskirts of the Kansas City metropolitan area
Spring Branch
East Independence area with metropolitan amenities and countryside quietness
Blackburn
A KC suburb with convenient shopping and plenty of nature
Bridger
Suburban Independence neighborhood offers welcome blend of old and new
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