1026 E Rainbow Dr, Memphis, TN 38107
OFF MARKET

$281,800

Trulia Estimate
  • 4 Beds
  • 3 Baths

1026 E Rainbow Dr, Memphis, TN 38107

Midtown
Est. Refi. Payment $1,755/mo*
Refinance Your Home
Currently Off Market - Sold Nov 22, 2023 for $295,000

Home Value

Trulia Estimate
$282K
Since last month
Decreased$6K (-1.9%)
Since last year
Decreased$9K (-2.9%)
Since last sale
Decreased$14K (-4.8%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +78% in the last 10 years
MonthEstimated value
2026
August 2026$281K
July 2026$286K
June 2026$287K
May 2026$289K
April 2026$287K
March 2026$276K
February 2026$280K
January 2026$272K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1038 Rainbow Dr, Memphis, TN
0.03
Single-Family Home
$295,000
06/09/26
4
2.5
2,325
1856 N Rainbow Dr, Memphis, TN
0.09
Single-Family Home
$310,000
12/05/25
3
2.5
2,007
1021 N Barksdale St, Memphis, TN
0.03
Single-Family Home
$270,000
04/29/26
4
2
1,857
1867 Monticello Dr, Memphis, TN
0.08
Single-Family Home
$262,000
12/30/25
3
2
1,588
1778 Edward Ave, Memphis, TN
0.31
Single-Family Home
$210,000
02/02/26
4
3
2,433
899 N Barksdale St, Memphis, TN
0.24
Single-Family Home
$300,000
05/19/26
3
2
1,499
1915 Edward Ave, Memphis, TN
0.10
Single-Family Home
$169,000
09/12/25
3
1.5
1,574
894 Sheridan St, Memphis, TN
0.28
Single-Family Home
$285,000
12/22/25
3
2
1,309
883 N McLean Blvd, Memphis, TN
0.29
Single-Family Home
$265,700
03/18/26
3
2
1,894
894 N Idlewild St, Memphis, TN
0.29
Single-Family Home
$257,397
03/24/26
3
2
1,900

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1014 E Rainbow Dr, Memphis, TN 38107
0.02
$289,500
2
2
1,452
Off Market
996 E Rainbow Dr, Memphis, TN 38107
0.06
$180,300
3
1
1,520
Off Market
1021 N Barksdale St, Memphis, TN 38107
0.03
$270,000
4
2
1,857
Recently Sold
1032 N Rainbow Dr, Memphis, TN 38107
0.01
$288,600
3
2
2,352
Off Market
1880 Monticello Dr, Memphis, TN 38107
0.05
$238,100
3
2
2,091
Off Market
1883 N Rainbow Dr, Memphis, TN 38107
0.03
$308,100
4
2.5
2,696
Off Market
1038 Rainbow Dr, Memphis, TN 38107
0.03
$295,000
4
2.5
2,325
Recently Sold
1038 Rainbow St, Memphis, TN 38107
0.03
$271,600
4
2.5
2,325
Off Market
1868 Monticello Dr, Memphis, TN 38107
0.07
$238,000
3
1
1,482
For Sale
1867 Monticello Dr, Memphis, TN 38107
0.08
$262,000
3
2
1,588
Recently Sold
1860 Monticello Dr, Memphis, TN 38107
0.08
$225,000
2
1
1,537
Recently Sold

Local Information

  • Map ViewExplore the area around 1026 E Rainbow Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1942
Parking
4 Car Garage

About this House

Why rent when you can buy?! From the long gated driveway, to the spacious sunroom, this home truly has something for everyone. This exquisite dwelling features three full bathrooms, massive living spaces, and a sizeable dethatched workshop. Nestled within a historic community, this property offers a unique blend of charm and security. Whether you are looking for proximity to Rhodes College, or simply a place with plenty of parking, don't miss your chance to make this place home today. Call ASAP!
1026 E Rainbow Dr, Memphis, TN 38107 is a 4 bedroom, 3 bathroom single-family home in Midtown, built in 1942. It last sold for $295,000 on Nov 22, 2023 (2% below the $299,901 asking price). More recently, it was listed as a rental in April 2023 with an asking price of $1,700 per month. That rental listing was removed on May 13, 2023. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $281,800, with a rent estimate of $2,122/month.
Last check for updates: about 4 hours ago
Listed by Dylan Johnson, (209) 681-7797
901, REALTORS
Bought with: John Moore, (901) 232-1901, Keller Williams
Source: RealTracs MLS as distributed by MLS GRID, MLS#3048347

Home Details for 1026 E Rainbow Dr

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: OtherNumber of Rooms: 2Types of Rooms: Bedroom 3, Bedroom 4
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 3Number of Bathrooms (full): 3
Appliances & Utilities
Appliances: DishwasherDishwasher
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central
Fireplace & Spa
Number of Fireplaces: 1Fireplace: GasHas a Fireplace
Windows, Doors, Floors & Walls
Flooring: Wood
Levels, Entrance, & Accessibility
Stories: 2Levels: Three Or MoreFloors: Wood
View
No View
Security
Security: Security Gate, Smoke Detector(s)

Exterior Features

Exterior Home Features
Roof: ShinglePatio / Porch: Patio, Covered, DeckNo Private Pool
Parking & Garage
Number of Garage Spaces: 4Number of Covered Spaces: 4Has a GarageHas an Attached GarageHas Open ParkingParking Spaces: 4Parking: Garage Faces Front,Parking Pad
Frontage
Not on Waterfront
Water & Sewer
Sewer: Other

Property Information

Year Built
Year Built: 1942
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence, ResidentialArchitecture: Traditional
Building
Not a New ConstructionNot Attached Property
Property Information
Parcel Number: 041029 00183

Price & Status

Price
List Price: $299,901
Status Change & Dates
Off Market Date: Mon Nov 27 2023Possession Timing: Immediate

Location

Direction & Address
City: MemphisCommunity: Colonial Terrance

Community

Not Senior Community

HOA

No HOA

Lot Information

Lot Area: 8276.4 sqft

Listing Info

Special Conditions: Standard

Miscellaneous

BasementMls Number: 3048347Attribution Contact: 2096817797

Price and Tax history

DateEventPrice
Nov 22, 2023
Source: RealTracs MLS as distributed by MLS GRID #3048347
Sold
$295,000
Oct 6, 2023
Source: MAAR #10157180
Pending
$299,901
Sep 25, 2023
Source: MAAR #10157180
Contingent
$299,901
Sep 21, 2023
Source: MAAR #10157180
PriceChange
$299,901
Price decreased by 7%
Sep 15, 2023
Source: MAAR #10156852
Listed For Sale
$320,901

Market trends in Midtown

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$189K
$5.5KMoM
Sale-to-List Price
98.0%
0.4%MoM
Price per sq ft
$118
$4MoM
Available listings
509
19MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Midtown
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Midtown

At least 447 Trulia users voted on each feature.

  • 92 % Say there are sidewalks

  • 87 % Say it's dog friendly

  • 78 % Say car is needed

  • 77 % Say parking is easy

  • 77 % Say yards are well-kept

  • 73 % Say it's walkable to restaurants

  • 71 % Say streets are well-lit

  • 65 % Say there's holiday spirit

  • 59 % Say neighbors are friendly

  • 57 % Say it's walkable to grocery stores

  • 56 % Say kids play outside

  • 54 % Say they plan to stay for at least 5 years

  • 47 % Say people would walk alone at night

  • 43 % Say it's quiet

  • 41 % Say there are community events

  • 36 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Jordan Purdham
    "The best part about Memphis’ lack of growth is the lack of traffic. Commutes are easy if your car is able to withstand poor roads and you are willing to look both ways before proceeding at a green light"
    2
    Flag
  • Finley Flanagan
    "There are a lot of families in the neighborhood. The kids love to play outside. Like with any Memphis neighborhood though, the streets can turn rough very quickly. "
    2
    Flag
  • Nicole Priola
    "I can’t wait to move out of Memphis this is a nice neighborhood but this city is dysfunctional. I cannot wait to move "
    23
    Flag
  • Nicole Priola
    "Love the proximity to the Overton Park and Overton Square. The neighborhood is walkable with old trees. "
    8
    Flag
  • Allanchandler
    "Historical area lived here for 20 years. The house has been in my family since 1926. the homes are older, but they’re well maintained."
    5
    Flag
  • Mollie Daughety
    "Midtown is full of dog friendly businesses, dog parks, and dog related events. It’s honestly out of the norm to find a rental in the area that’s not dog friendly and it’s nice to get to know your neighbors on walks or at the dog parks."
    2
    Flag
  • Jordan H
    "Less short term rental options and lower rental costs. A good amount of crime still happens in midtown"
    15
    Flag
  • Trulia User
    "Crosstown concourse is great for the neighborhood. Great walking area also. Also great in between from downtown and midtown. "
    3
    Flag
  • Trulia User
    "We are the Best Kept Secret in Midtown. Annesdale Snowden Subdivision. The evening is great time for walking and dog walking. "
    2
    Flag
  • Trulia User
    "Lived in this area for 25+ years. Great place to live. Lots to do and nice neighbors and lifestyle. "
    7
    Flag
  • Trulia User
    "People walk their dog's often and seem to create dog walking friend groups in the neighborhood. The low traffic volume in the neighborhood seems very safe for walking. "
    2
    Flag
  • Trulia User
    "there is a police department in the area. there are schools in the area. there a library in the neighborhood. Corner stores in the neighborhood. laundry mates are in the neighborhood near by."
    0
    Flag
  • Trulia User
    "lots of different characters around the Mid- town area it's a lot of restaurants stores friendly people there's always something to do over there they have parks for kids dogs the real nice community"
    1
    Flag
  • Jordan Maxwell
    "There is nothing but trash and broken glass all around the complex but especially on the walk outside of the gates. If you want to get to a good walking neighborhood, your dog needs shoes. Also, no one picks up after their pet here and the management doesn't have any waste stations despite charging a lot to have pets here."
    2
    Flag
  • Trulia User
    "There's a bus stop right by the complex that takes you North but it's easy to connect to get downtown or closer to the not crappy part of midtown"
    0
    Flag
  • Trulia User
    "i don’t commute anywhere but from what i’ve heard it’s a pleasant drive. i enjoy driving in midtown because there are tons of trees"
    0
    Flag
  • Celes P.
    "The people around me are great nice quit respectful genuine people I love seeing them walk there pets and jog through very beautiful neighborhood "
    17
    Flag
  • Wren L. M.
    "Most apartments are very pet-friendly. Lots of friendly dog owners around and nice neighborhoods to walk in. "
    4
    Flag
  • Mlryland
    "There are Lots of dogs in the neighborhood, so many places to sniff when we are walking. Parks are nearby too"
    2
    Flag
  • Mlryland
    "Lots of dogs, interesting places to walk... but sidewalks are terrible. A downfall of a city that places sidewalk responsibility on homeowners."
    1
    Flag
  • Kempton D.
    "Dog owners would love the environment and the community. It’s very quiet, calm and collective. I have many friends who stay in midtown and I also work in midtown. "
    0
    Flag
  • Jabari.medici
    "It is central to everywhere. It is close to downtown without all the congestion. Great open spaces but homely feeling"
    15
    Flag
  • Jordan P.
    "The sidewalks and streets are always full of people, families, and dogs walking around, playing, and saying hi to each other. You never know who you might run into or meet. It’s all the more wonderful because grocery stores, restaurants, and the city are all so close!"
    3
    Flag
  • Abigail A. H.
    "Concerts and art galleries, walks in the park. Lots of kids and pets, schools and churches. Just wish there was public transit."
    1
    Flag
  • Aleathea C.
    "There really isn’t anything to worry about around here but I think you’ll love the neighborhood if you come explore"
    1
    Flag
  • Londonvwood
    "Festivals and gatherings like crawfish festival and Cooper young festival. Everybody is friendly everywhere you go."
    1
    Flag
  • Mosesasher22
    "I love the culture. The historic districts, I love how friendly the people are and how close knit everyone is. Snowden is great school and my son loves it. "
    9
    Flag
  • Rhonda P.
    "Cooper and young festival and every holloween, the entire neighborhood pass out candy to the kids. this "
    0
    Flag
  • Reynoldsk444
    "It’s a pretty good neighborhood and it’s safe however it’s in an busy area so it’s always loud and a lot of traffic."
    1
    Flag
  • Dan
    "Nearly every home owner decorates for Christmas. And a lot of neighbors walk, especially in the evening to look at the lights. "
    2
    Flag
  • Mari-Anne C.
    "Great food and night life. Artistic, mostly safe area. So close to the zoo and museums. Historic neighborhoods, BBQ Shop (best in Memphis, In my opinion). The whole area is about to blow up with the ballet and new condos. "
    11
    Flag
  • Tmargette
    "I love midtown. It has a great energy and feel to it. There is a big art community here, and lots of restaurants and bars. "
    0
    Flag
  • T.T.S.
    "Perfect 10 to 15 minutes anywhere in Memphis from Midtown the heart of the city. Yet you are nearby things in walking distance which is what I LOVE ABOUT Midtown!"
    0
    Flag
  • Justohsokayla
    "Commute isn’t optimal. But that’s just Memphis and Shelby County as a whole. The public transit throughout the city is unreliable and make it difficult to be punctual anywhere without being, two hours at a minimum, early. Makes it difficult to schedule around. "
    0
    Flag
  • LisaGail
    "We live in the Evergreen Historic District and we absolutely love it! Great neighborhood for families. "
    0
    Flag
  • Jermar B.
    "Great quiet neighborhood for family and children... great neighbors and nice people. I highly recommend the neighborhood for families of all sizes.."
    0
    Flag
  • Kass N.
    "easy commute to almost anywhere in memphis, traffic not bad at all! I work on Summer Ave and it's a 10 min commute"
    0
    Flag
  • Frederick T.
    "The only problem is that there are too many homeless people hanging around and going through your garbage."
    5
    Flag
  • Clare S.
    "Farmers markets, art markets, public events at the park, zoo events, levett shell concerts. The people are friendly and welcoming. "
    1
    Flag
  • Roxana V.
    "Family neighborhood. Quiet. Stores nearby. I love it to live here. A lot of things to do with children. "
    2
    Flag

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-08-29 15:43:17 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information

Frequently asked questions about 1026 E Rainbow Dr

  • What is 1026 E Rainbow Dr estimated to be worth?
    Trulia's estimated value for 1026 E Rainbow Dr in Memphis, TN is $281,800.
  • What is the price history for 1026 E Rainbow Dr?
    1026 E Rainbow Dr in Memphis, TN last sold for $295,000 in November 2023.
  • Is Memphis a buyer's or seller's market?
    Memphis is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Memphis?
    The median sale price in Memphis is $189K. That is up $5.5K from the prior month.
  • Does 1026 E Rainbow Dr have air conditioning?
    Yes, 1026 E Rainbow Dr in Memphis, TN has air conditioning.
  • How big is the lot at 1026 E Rainbow Dr?
    The lot at 1026 E Rainbow Dr in Memphis, TN is about 0.19 acres (8,276 sq ft).

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