116 Rainbow Blvd, Indianapolis, IN 46234
Property image
Property image
OFF MARKET

116 Rainbow Blvd
Indianapolis, IN 46234

  • 4 Beds
  • 3 Baths
  • 2,032 sqft (on 0.46 acres)

$356,100

Trulia Estimate
as of Aug 22, 2026
Est. Refi. Payment $2,189/mo*
Refinance Your Home

$356,100

Trulia Estimate
as of Aug 22, 2026
Est. Refi. Payment $2,189/mo*
Refinance Your Home
4 Beds
3 Baths
2,032 sqft
(on 0.46 acres)

Home Value

Trulia Estimate
$356K
Since last month
Decreased$1K (-0.4%)
Since last year
Increased$12K (+3.4%)
Since last sale
Increased$184K (+108.5%)
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 +80% in the last 10 years
MonthEstimated value
2026
August 2026$354K
July 2026$356K
June 2026$356K
May 2026$353K
April 2026$350K
March 2026$348K
February 2026$344K
January 2026$337K
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
229 Rainbow Blvd, Indianapolis, IN
0.10
Single-Family Home
$280,000
06/25/26
3
2
1,480
10940 Melissa Ann Dr, Indianapolis, IN
0.38
Single-Family Home
$375,000
09/10/25
3
2.5
2,163
9138 Broken Arrow Rd, Indianapolis, IN
0.54
Single-Family Home
$239,900
12/16/25
4
1.5
1,656
9122 Broken Arrow Rd, Indianapolis, IN
0.56
Single-Family Home
$249,900
02/24/26
4
1.5
1,656
9243 Walton St, Indianapolis, IN
0.55
Single-Family Home
$185,000
01/30/26
3
2
1,152
10238 Stillwell Dr, Avon, IN
0.49
Single-Family Home
$375,000
06/10/26
4
2.5
2,645
309 Glenbrook Ln, Avon, IN
0.61
Single-Family Home
$395,000
01/16/26
3
2.5
2,130
9220 Walton Ave, Indianapolis, IN
0.59
Single-Family Home
$237,000
04/14/26
3
2
1,434
457 Prentiss Way, Avon, IN
0.56
Single-Family Home
$355,000
07/10/26
4
2.5
2,370
257 Sierra Ct, Indianapolis, IN
0.58
Single-Family Home
$245,000
05/22/26
5
2
1,856

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
202 Rainbow Blvd, Indianapolis, IN 46234
0.06
$334,700
4
2.5
1,888
Off Market
97 Rainbow Blvd, Indianapolis, IN 46234
0.05
$308,400
3
2
1,480
Off Market
229 Rainbow Blvd, Indianapolis, IN 46234
0.10
$280,000
3
2
1,480
Recently Sold
379 Rainbow Blvd, Indianapolis, IN 46234
0.18
$509,700
3
2.5
2,389
Off Market
10737 Melissa Ann Dr, Indianapolis, IN 46234
0.17
$356,900
3
2
1,560
Off Market
330 Shiloh Creek Way, Indianapolis, IN 46234
0.22
$404,200
3
2
1,784
Off Market
10806 Melissa Ann Dr, Indianapolis, IN 46234
0.24
$399,900
4
3
2,152
For Sale
425 Saddle Hill Ct, Indianapolis, IN 46234
0.29
$317,300
3
2
1,534
Off Market
10403 E Stillwell Ct, Avon, IN 46123
0.33
$352,400
4
4
1,962
Off Market
10407 Stillwell Ct, Avon, IN 46123
0.34
$269,600
3
2
1,472
Off Market
242 Melissa Ann Ct, Indianapolis, IN 46234
0.35
$612,400
5
4
4,734
Off Market
246 Melissa Ann Ct, Indianapolis, IN 46234
0.35
$78,000
-
-
-
Recently Sold

Local Information

  • Map ViewExplore the area around 116 Rainbow Blvd.
  • Schools2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1975
Lot Size
0.46 acres
Living Area
2,032 sqft
Price/Sqft
$175
Parking
Garage

About this House

Wonderfully maintained & beautifully decorated! 4-5 Bdrms & 3 Full Baths in this Custom Built Ranch! Great Rm features Cathedral Ceilings & Woodburning Masonry Fireplace. Updates include 3 week old Roof, New Sump Pump, Water Heater, Heat Pump, Rebuilt Chimney & Kitchen Appliances including Convection Microwave! Newly Remodeled Baths! Brand new Kitchen/Laundry flooring. Large Fenced Yard w/Wood Deck. Huge Detached Garage w/ Storage or Workshop space. Newer Windows & Doors. Great for entertaining!
116 Rainbow Blvd, Indianapolis, IN 46234 is a 4 bedroom, 3 bathroom, 2,032 sqft single-family home built in 1975. It last sold for $169,900 on Dec 14, 2012. It is currently off market. The Trulia Estimate is $356,100, with a rent estimate of $2,341/month.

Home Details for 116 Rainbow Blvd

Interior Features

Heating & Cooling
Heating: Heat PumpAir ConditioningHeating Fuel: Heat Pump
Levels, Entrance, & Accessibility
Stories: 1Floors: Tile, Carpet, Linoleum Vinyl
Interior Details
AtticNumber of Rooms: 9Types of Rooms: Dining Room, Family Room, Laundry Room
Appliances & Utilities
Dishwasher
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: OtherExterior: BrickFoundation Type: Crawl Raised
Parking & Garage
GarageParking Spaces: 4Parking: Garage Detached

Property Information

Year Built
Year Built: 1975Year Updated: 2012
Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 0.46 acres

Price and Tax history

DateEventPrice
Dec 14, 2012
Source: MIBOR as distributed by MLS GRID #21205634
Sold
$169,900
Nov 22, 2012
Source: Agent Provided
Pending
$172,500
Nov 21, 2012
Source: Agent Provided
Listed For Sale
$172,500
Oct 5, 2001
Source: MIBOR as distributed by MLS GRID #2118133
Sold
$148,500

Market trends in Indianapolis

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$251K
$10KMoM
Sale-to-List Price
99.6%
0.3%MoM
Price per sq ft
$145
$3MoM
Available listings
4043
154MoM

Around this home

What Locals Say about Indianapolis

At least 5429 Trulia users voted on each feature.

  • 84 % Say car is needed

  • 80 % Say it's dog friendly

  • 80 % Say yards are well-kept

  • 79 % Say parking is easy

  • 73 % Say there are sidewalks

  • 69 % Say kids play outside

  • 68 % Say there's holiday spirit

  • 55 % Say it's quiet

  • 51 % Say neighbors are friendly

  • 49 % Say people would walk alone at night

  • 48 % Say they plan to stay for at least 5 years

  • 46 % Say it's walkable to restaurants

  • 45 % Say streets are well-lit

  • 44 % Say there's wildlife

  • 40 % Say it's walkable to grocery stores

  • 29 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Eg16
    "Love this neighborhood! Walkable and friendly with loads of character. "
    0
    Flag
  • Trulia User
    "Nice neighborhood . Wouldn’t let kids walk on 21st Street due to no sidewalks! "
    0
    Flag
  • Tlharris519
    "Barbecue for the holidays"
    0
    Flag
  • Wdjx6xjvkg
    "Dog parks with shaded area"
    0
    Flag
  • Andi B.
    "We’ve lived in this neighborhood for six years. Everyone is so friendly! It has also become a desired area to walk, run, and bike. It’s very safe. "
    0
    Flag
  • Zedrickturnbough1978
    "I’ve been here for 1 week and I’ve walked my dogs everyday. I’ve never felt unsafe and the neighborhood is very quiet."
    0
    Flag
  • Michele Sweet
    "I live in Acton and see people walking there dogs all the time. There is a nice park less than 1 mile away with nice paved walking trails"
    0
    Flag
  • Keyon B
    "Great safe neighborhood, diverse and friendly. Parks, schools, great places to eat. Quiet. Public transportation near"
    0
    Flag
  • Rene Jai Thacker
    "Most people look out for neighbors with kids they are friendly& usually trying to help others who are in need"
    1
    Flag
  • Trekelin Palmer
    "Very spacious and clean area. Families with dogs would love this area. Beautiful area with many dog owners"
    0
    Flag
  • Jmcmilfy
    "Quiet street. Great neighbors. There are block parties with fire trucks and inflatable playhouses. HOA is well run and takes care of snow removal."
    0
    Flag
  • Archerti
    "Small. Friendly. Well maintained. Good curb appeal. "
    1
    Flag
  • Btruss99
    "A lot of Festivals and runs in the neighborhood. People out walking and biking in neighborhoods and designated trails"
    0
    Flag
  • Jnard
    "It’s dog friendly and there are trails and dog specialty stores… there are a couple restaurants that let you dine with your dog as well "
    0
    Flag
  • Mmackendy189
    "Very good neighborhood I live here for 3 years with problem at all I would like to buy my house here "
    0
    Flag
  • Lea Mishell
    "Originally from St. Louis, I have lived in this neighborhood since 2023. As I am on a main street, it gets cleared relatively quickly after snow storms. My only complaint: no sidewalks on 135/S Meridian St"
    0
    Flag
  • 85xjtwh6zq
    "There is a dog park, and it is quite dog friendly. People are always walking their dogs and excercising by the river. "
    0
    Flag
  • Lauren Geist
    "Plenty of sidewalks and many other dog walkers & owners on every block. Friendly neighbors that care for their animals"
    0
    Flag
  • Lauren Geist
    "Many dog owners in this neighborhood. Friendly owners that take care of their furry family members!!!! "
    0
    Flag
  • Danni
    "The Halloween festival is a lot of fun with lots of cool costumes and cool booths to check out. There’s usually food trucks and drink options too. Parking is very tricky for this event, but if you live close enough you can just walk"
    0
    Flag
  • Xmhdqqftw8
    "Not sure. I have cats. I see people walking them. Not any dog parks in this area and smaller yard sizes "
    0
    Flag
  • Zanna dibartoli
    "The 500 race makes it’s fun here!! we live close to Speedway not really downtown Indy , so I don’t know what events there are besides the 500 oh there’s the brickyard that’s really fun too. "
    0
    Flag
  • Trulia User
    "Ok. There’s sometimes too much traffic but, I guess that’s normal. Some traffic lights could be synced better. And they need to do something about the potholes in some of the central downtown area of Indianapolis. More turn signals could be added to some of these lights as well may I add. Other than that it really just depends on where you stay on how you feel how the area is. I can’t complain. Indianapolis is an amazing place to raise a beautiful family as well as go to school. Great learning opportunities and the nightlife is cool. It can get violet sometimes, especially with the youth right now, but I truly believe that Indianapolis can get better. It’s up to the elders, middle aged, and adults to come together to help our community come back togethers as one. It definitely takes a village for our youth so we might as well come back together as a village to finish helping grow our youth and younger generation into the smart people they can be."
    0
    Flag
  • Brownronesha452
    "It’s a busy area a bunch a drivers, many ducks, grounds aren’t too clean but not because of trash but because of the duck poop. The people are nice. The drivers are mindful but along the still speed "
    2
    Flag
  • Nvhnc7btp8
    "Excellent schools and park in historic Herron-Morton Place. Lots of families with children and pet families. Family and pet friendly restaurants, ice cream shop and other food and beverage amenities as well"
    0
    Flag
  • Maloys
    "Trick or treating for Halloween in October and also Christmas lights during the winter season around Christmas "
    0
    Flag
  • Debi Woodmansee
    "I live a few minutes drive to local dining options and grocery stores, hospitals and the library. 13 minutes to my work. "
    0
    Flag
  • Joseph.moellman
    "Community events where everyone feels welcome and contributes to a wonderful and safe neighborhood. "
    0
    Flag
  • Dawn Williams
    "I really like the neighborhood and the location, but I wish they would do a better job cleaning up the crime around here"
    0
    Flag
  • Leslie Brown
    "For their children to watch out for the stray dogs in the neighborhood and it’s a couple of parks for the kids to go to when it’s warm out and they have swimming pools as well "
    0
    Flag
  • Lesli Mcguire
    "Great neighborhood to be a part of. Walkable to plenty of restaurants and shops. Many pet and kid friendly places. Great parks and plenty of friendly neighbors. "
    0
    Flag
  • Calebwinter
    "Halloween is always a highlight. Also do Christmas Luminary walk. Certain streets have lots of foot traffic but not a lot of infrastructure to support it. "
    0
    Flag
  • Patricia Owensby
    "Bus line is available within a few blocs walk at most. There is a Kroger close by, Washington St. has anything else on bus line needed. "
    0
    Flag
  • Kwaali93
    "Driving parking everywhere I go it’s all good and everything is close to me so I’m not worried about anything"
    1
    Flag
  • Grege312
    "We have an annual yard sale advertised by the HOA. There are Halloween parties in garages. Kids can camp out in the community park. There are three parks with ponds for fishing. "
    0
    Flag
  • Ksrfamjam
    "Good schools. Recreational outdoors parks. Safe streets. Lots of other children in the neighborhood for company"
    0
    Flag
  • Zanna dibartoli
    "There are parts you have to drive through to get to the highway that aren’t kept up, but it’s not bad. We’re right down the road to all main highways, but you wouldn’t know it. "
    1
    Flag
  • Geminifool77
    "i would like to know where are the low income apartments located on the east side of town & where can i find them "
    0
    Flag
  • Keyiaparker0217
    "Mostly cars. There are a few bus stops here if needed. Not a lot of sidewalks. There is a trail in the neighborhood that leads to the Colts complex right next to Eagle Creek Park"
    0
    Flag
  • Chanelltrout
    "Not safe, not friendly, not fun unsafe and dangerous people constantly getting in gun situations and accidents "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 116 Rainbow Blvd

  • What is 116 Rainbow Blvd estimated to be worth?
    Trulia's estimated value for 116 Rainbow Blvd in Indianapolis, IN is $356,100.
  • What is the price history for 116 Rainbow Blvd?
    116 Rainbow Blvd in Indianapolis, IN last sold for $169,900 in December 2012.
  • What are the closest schools to 116 Rainbow Blvd?
    The closest schools to 116 Rainbow Blvd in Indianapolis, IN are Avon High School (rated 9/10), Avon Intermediate School East (Elementary, rated 10/10), Avon Middle School North (rated 10/10).
  • Does 116 Rainbow Blvd have laundry facilities?
    Yes, 116 Rainbow Blvd in Indianapolis, IN has laundry facilities.
  • How big is the lot at 116 Rainbow Blvd?
    The lot at 116 Rainbow Blvd in Indianapolis, IN is about 0.46 acres (20,038 sq ft).
  • Does 116 Rainbow Blvd have a garage?
    Yes, 116 Rainbow Blvd in Indianapolis, IN has a garage.

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Off Market Homes Near 116 Rainbow Blvd

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