$544,761Average Value$281Average Price per Sq Ft25Homes 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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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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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.
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.
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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.
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.
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Rainbow Ridge Demographics and Home Trends
On average, homes in Rainbow Ridge, Moreno Valley sell after 29 days on the market compared to the national average of 53 days. The median sale price for homes in Rainbow Ridge, Moreno Valley over the last 12 months is $599,045, up 8% from the median home sale price over the previous 12 months.
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