$539,925Average Value$310Average Price per Sq Ft18Homes For Sale
Rainbow Ridge is close to jobs, dining and retail
Cohesive suburbia coexists with commerce in Rainbow Ridge. Located off Perris Boulevard, this Moreno Valley neighborhood features contemporary housing close to retail, dining and warehouses of major companies. Residents are within walking distance of a neighborhood park and two public schools, and the homes maintain prices that skew lower than those in nearby cities like Riverside and Loma Linda. “One good thing that keeps the Moreno Valley economy and real estate market going is we’re super affordable,” says Justin King, a Realtor with Nest Real Estate who grew up in the area.
Some Rainbow Ridge homes have pools for the family to enjoy.
March Middle School is the home of the Mavericks in Moreno Valley.
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Neighborhood homes share a cohesive Mediterranean style
Rainbow Ridge is dominated by houses with Mediterranean-style influences, including terra-cotta roofs. “The houses are a bit more uniform, a lot of them are 1,700 square feet and up,” King says. Most were built in the 1980s and 1990s, but some homes sprung up in the last decade, including newer homes in the Legacy Park subdivision. Sidewalks line streets all over Rainbow Ridge, adding an element of walkability. Properties in the area go for $400,000 to $800,000.
Rainbow Ridge has many ranch style homes with classic style.
Rainbow Ridge has many larger homes in newer developments.
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The area is well-connected by I-215, buses, and near a major medical center
Residents have quick access to stops in the region’s Riverside Transit Agency bus system, which has almost 30 RTA routes. “They’re always running,” King says. “I know a lot of the school kids use them because they can ride for free with a school ID.” Rainbow Ridge is about 4 miles from Interstate 215, for commutes to places including neighboring Riverside. I-215 is also a way to reach San Bernardino International Airport, 20 miles away. The Kaiser Permanente Moreno Valley Medical Center, a 100-bed facility, is a 4-mile drive from the neighborhood.
Rainbow Ridge Elementary has an active PTA
The Val Verde Unified School District covers this area and earns a B-plus rating on Niche. The neighborhood’s C-plus-rated Rainbow Ridge Elementary has a PTA that supports a range of programming. March Middle, next to Rainbow Ridge Elementary, has a B-minus grade and counts band among its extracurricular opportunities. The A-minus-rated Rancho Verde High offers electives including dance classes.
A welcoming entrance is seen at the modern campus of Rancho Verde High School in Moreno Valley.
Plenty of activities are available at Rainbow Ridge Elementary School in Moreno Valley.
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Perris Boulevard and Iris Avenue place multiple big-box stores close by
Rainbow Ridge’s homes are all within about a mile of Perris Boulevard, a stretch lined with all sorts of businesses, including The Home Depot, which is across from the Westgate Shopping Center. Westgate’s tenants include Perris Donut & Burger Shop, popular in part for its breakfast burritos. Red Maple Pizza, a bit farther south off Perris Boulevard, is probably the best pizza parlor in Moreno Valley, King says. Iris Avenue intersects Perris and has an Aldi grocery store. Multiple houses of worship off Iris Avenue include Imani Praise Fellowship, Vertical Church and Strong Tower Church of God in Christ.
The southern half of Rainbow Ridge is becoming a hub for jobs, too, with distribution centers for companies like Amazon, Lowe’s, O’Reilly Auto Parts and Sam’s Club. “It’s starting to [be a hub],” King says. “They’ve been adding those warehouses over the last 10 years.”
The Home Depot near Rainbow Ridge is large and caters to the local contractors.
Aldi is a favorite stop for Rainbow Ridge residents for low price groceries and unique household goods.
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Fourth of July is a big deal in Moreno Valley
The city counts a major Fourth of July celebration among its annual community events. The day kicks off with a parade starting about 4 miles north of Rainbow Ridge on Frederick Street. Festivities continue with a Family FunFest at the Moreno Valley Civic Center Amphitheater, where there’s a kids' zone, beer garden, live music and fireworks. Other events include the annual Southern California Air Show in April at the nearby March Air Reserve Base, which draws hundreds of thousands of people across two days.
Try out the latest games and entertainment at Round1 Bowling and Amusement near Rainbow Ridge.
Rainbow Ridge residents head to the Fitness 19 on Perris Blvd.
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Santiago Park is a newer outdoor space with a playground and more
In 2022, the city of Moreno Valley opened the nearly 3-acre Santiago Park in Rainbow Ridge. The space features two half basketball courts, a playground and outdoor fitness equipment. The park bleeds into three ball diamonds behind March Middle and Rainbow Ridge Elementary schools. Local Little League teams use the fields for practice, King says.
Santiago Park has a playground and a basketball and outdoor fitness center that Rainbow Ridge residents love.
Maple Pizza, near Rainbow Ridge, is a local favorite to pick up creative and delicious pizza options.
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
Interested in learning more about homes in this area?
Reach out to
Matthew Arfa,
an experienced agent in this neighborhood.
Parks in this Area
Santiago Park
Transit
Airport
Ontario International
40 min drive
Bus
Perris Fs Santiago
Bus
Iris Fs Bluechip
Bus
Iris Ns Perris
Bus
Perris Fs San Michelle
Crime and Safety
1 - Low Crime, 10 - High Crime
Rainbow Ridge
US
Homicide
4
4
Sexual Assault
4
4
Assault with Weapon
4
4
Robbery
4
4
Burglary
2
4
Motor Vehicle Theft
4
4
Larceny
3
4
Crime Score
3
4
Source: WhatIsMyCrimeRisk.com
Rainbow Ridge Demographics and Home Trends
On average, homes in Rainbow Ridge, Moreno Valley sell after 36 days on the market compared to the national average of 49 days. The median sale price for homes in Rainbow Ridge, Moreno Valley over the last 12 months is $562,000, up 2% from the median home sale price over the previous 12 months.
We are pleased to present this spacious home featuring an open floor plan, which includes five bedrooms and three bathrooms in Moreno Valley, offering 2,200 square feet of living space. The property boasts a generous living area and a sophisticated, well-lit kitchen. Additionally, it is conveniently situated near shopping centers, dining establishments, schools and provides easy access to the
Terrific Single Story Home with a LARGE Backyard and Situated on a Family-Friendly CULDESAC!! LOW Taxes, NO HOA FEES and NO REAR NEIGHBORS * * This Home has a GREAT Floor-Plan Offering 1130sqft with 3 LARGE Bedrooms, 2 FULL Bathrooms and Spacious Living Room with Brick Fireplace * * Nicely Designed Kitchen with NEW Wood Laminate Flooring Throughout, Built-In Appliances Including the
Appraisal in Hand! Why settle for average when you can have a fully remodeled home that checks every box?This stylish single-story residence blends comfort, convenience, and modern upgrades throughout. Inside, you’ll find a beautifully renovated kitchen with soft-close white cabinetry, quartz countertops, and updated flooring. The bathroom offers a spa-like retreat with marble-inspired tile, an
Welcome to 16293 Skywood Ct, a beautifully upgraded two-story home tucked away on a peaceful cul-de-sac in Moreno Valley. From the moment you arrive, you’ll notice the inviting curb appeal, fresh landscaping, and a spacious 3-car garage with built-in cabinet storage. Inside, the home has been thoughtfully updated with new flooring, fresh interior paint, and modern light fixtures that enhance
COMING SOON!! Introducing a brand new 3-bed, 2-bath unit featuring fresh tile flooring throughout, new kitchen countertops, and a charming small patio. Parking space for 2 vehicles in the driveway. Amazing dual pane windows for natural lighting during the day and lower cost utilities. Also includes dishwasher, stove and microwave for daily activities. This unit also includes a gardener, while
Interested in learning more about homes in this area?
Reach out to
Matthew Arfa,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
7,894
Median Age
33
Population under 18
28.9%
Above the national average
23.8%
Population over 65
9.9%
Below the national average
19.1%
Finances
Median Household Income
$100,468
Significantly above the national average
$71,702
Average Household Income
$112,950
Education and Workforce
High School Graduates
75.2%
Below the national average
89.1%
College Graduates
14.8%
Below the national average
34.1%
Advanced Degrees
4.6%
% Population in Labor Force
67.2%
Weather
Annual Precipitation
9''
Average Winter Low Temperature
44°F
Average Summer High Temperature
95°F
Annual Snowfall
0''
Area Factors
Somewhat Bikeable
Bike Score®
33/ 100
Car-Dependent
Walk Score®
25/ 100
Some Transit
Transit Score®
31/ 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.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
