5 Rainbow Ct, Waterloo, IA 50701
OFF MARKET

5 Rainbow Ct
Waterloo, IA 50701

  • 2 Beds
  • 2 Baths
  • 1,052 sqft (on 0.40 acres)

$152,000

Trulia Estimate
as of Jul 5, 2026

$152,000

Trulia Estimate
as of Jul 5, 2026
2 Beds
2 Baths
1,052 sqft
(on 0.40 acres)

Local Information

  • Map ViewExplore the area around 5 Rainbow Ct.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

This single-family home is located at 5 Rainbow Ct, Waterloo, IA. 5 Rainbow Ct is in Waterloo, IA and in ZIP code 50701. This property has 2 bedrooms, 2 bathrooms and approximately 1,052 sqft of floor space. This property has a lot size of 0.40 acres and was built in 1900.
5 Rainbow Ct, Waterloo, IA 50701 is a 2 bedroom, 2 bathroom, 1,052 sqft single-family home built in 1900. It last sold for $59,000 on Apr 23, 1993. It is currently off market. The Trulia Estimate is $152,000, with a rent estimate of $1,237/month.

Home Highlights

Parking
Garage
Outdoor
Patio, Deck
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

Home Details for 5 Rainbow Ct

Interior Features

Heating & Cooling
Heating: Other, OtherAir ConditioningCooling System: OtherHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 1Floors: Carpet, Hardwood, Linoleum Vinyl
Interior Details
Number of Rooms: 6

Exterior Features

Exterior Home Features
Roof: AsphaltDeckExterior: WoodFoundation Type: Concrete BlockPatio
Parking & Garage
GarageParking: Garage Detached

Property Information

Year Built
Year Built: 1900
Property Type / Style
Property Type: Single Family HomeArchitecture: A-frame

Lot Information

Lot Area: 0.40 acres

Price History for 5 Rainbow Ct

DatePriceEventSource
04/23/1993$59,000Sold
N/A

Market trends in Waterloo

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$176K
$20.75KMoM
Sale-to-List Price
97.9%
0.3%MoM
Price per sq ft
$121
$9MoM
Available listings
221
11MoM
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Property Tax and Assessment

Year2025
Tax$3,300
Assessment$163,320
Home facts updated by county records

Comparable Sales for 5 Rainbow Ct

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2031 Rainbow Dr, Waterloo, IA
0.11
Single-Family Home
$139,500
01/09/26
2
1
1,118
131 Niagara Dr, Waterloo, IA
0.10
Single-Family Home
$216,000
05/18/26
3
2
1,596
1946 Rainbow Dr, Waterloo, IA
0.06
Single-Family Home
$254,900
05/14/26
3
2
1,456
1823 Rainbow Dr, Waterloo, IA
0.17
Single-Family Home
$190,000
10/15/25
3
2
1,198
1918 Castle St, Waterloo, IA
0.22
Single-Family Home
$160,000
09/29/25
3
1.5
1,642
137 Vera Dr, Waterloo, IA
0.17
Single-Family Home
$224,900
05/14/26
3
2.5
1,640
225 Lambeth Rd, Waterloo, IA
0.30
Single-Family Home
$183,000
10/09/25
2
2
1,414
1712 Rainbow Dr, Waterloo, IA
0.27
Single-Family Home
$198,500
03/13/26
3
2
1,514
1817 Rainbow Dr, Waterloo, IA
0.18
Single-Family Home
$224,900
12/22/25
4
2
1,512
301 S Hackett Rd, Waterloo, IA
0.44
Single-Family Home
$70,000
05/15/26
3
1
912

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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  • 1946 Rainbow Dr, Waterloo, IA 50701
    SOLD
    MAY 14, 2026
    $254,900
    3 bd
    2 ba
    1,456 sqft
    1946 Rainbow Dr,
    Waterloo, IA 50701
    Carissa L Holton, EXP Realty, LLC, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 115 Amity Dr, Waterloo, IA 50701
    OFF MARKET
    Est. $253,800
    4 bd
    2.5 ba
    2,061 sqft
    115 Amity Dr,
    Waterloo, IA 50701
    Rick Brown, Soltice Station Real Estate, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 2001 Rainbow Dr, Waterloo, IA 50701
    OFF MARKET
    Est. $187,100
    3 bd
    1 ba
    1,141 sqft
    2001 Rainbow Dr,
    Waterloo, IA 50701
    Amy Wienands, AWRE, EXP Realty, LLC, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 2007 Rainbow Dr, Waterloo, IA 50701
    OFF MARKET
    Est. $175,300
    3 bd
    1 ba
    1,255 sqft
    2007 Rainbow Dr,
    Waterloo, IA 50701
    Hermina Ibricic, Vine Valley Real Estate, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 1935 Rainbow Dr, Waterloo, IA 50701
    OFF MARKET
    Amy Wienands, AWRE, EXP Realty, LLC, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 2031 Rainbow Dr, Waterloo, IA 50701
    SOLD
    JAN 9, 2026
    $139,500
    2 bd
    1 ba
    1,118 sqft
    2031 Rainbow Dr,
    Waterloo, IA 50701
    Derick Rogers, Realty ONE Group Movement, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 131 Niagara Dr, Waterloo, IA 50701
    SOLD
    MAY 18, 2026
    $216,000
    3 bd
    2 ba
    1,596 sqft
    131 Niagara Dr,
    Waterloo, IA 50701
    Wes Gielau, RE/MAX Alliance, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 1913 Rainbow Dr, Waterloo, IA 50701
    OFF MARKET
    Est. $194,000
    2 bd
    2 ba
    1,424 sqft
    1913 Rainbow Dr,
    Waterloo, IA 50701
    Dahoni Jones, Berkshire Hathaway Home Services One Realty Centre, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 115 Helen Rd, Waterloo, IA 50701
    OFF MARKET
    Est. $197,600
    3 bd
    1.5 ba
    1,996 sqft
    115 Helen Rd,
    Waterloo, IA 50701
    Troy Olson, Oakridge Real Estate, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 136 Kelly Ct, Waterloo, IA 50701
    OFF MARKET
    Est. $300,300
    4 bd
    3 ba
    625 sqft
    136 Kelly Ct,
    Waterloo, IA 50701
    Other Other, Northeast Iowa Regional Board of Realtors, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 128 Kelly Ct, Waterloo, IA 50701
    OFF MARKET
    Est. $295,600
    5 bd
    2 ba
    1,942 sqft
    128 Kelly Ct,
    Waterloo, IA 50701
    Carl Ericson, Oakridge Real Estate, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 137 Vera Dr, Waterloo, IA 50701
    SOLD
    MAY 14, 2026
    $224,900
    3 bd
    2.5 ba
    1,640 sqft
    137 Vera Dr,
    Waterloo, IA 50701
    Amy Wienands, AWRE, EXP Realty, LLC, Northeast Iowa Regional BOR as distributed by MLS GRID
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Assigned Schools

These are the assigned schools for 5 Rainbow Ct.
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.

What Locals Say about Waterloo

At least 264 Trulia users voted on each feature.

  • 89 % Say car is needed

  • 83 % Say yards are well-kept

  • 80 % Say parking is easy

  • 77 % Say it's dog friendly

  • 70 % Say there's holiday spirit

  • 66 % Say kids play outside

  • 64 % Say there are sidewalks

  • 48 % Say it's quiet

  • 47 % Say neighbors are friendly

  • 47 % Say people would walk alone at night

  • 44 % Say streets are well-lit

  • 43 % Say there's wildlife

  • 42 % Say they plan to stay for at least 5 years

  • 33 % Say it's walkable to grocery stores

  • 29 % Say it's walkable to restaurants

  • 20 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Misslindsayb
    "Centrally located, traffic can be heavy/frustrating. You can make good time if you hit the stoplights just right, which is hard to do most days. "
    0
    Flag
  • Susanward13
    "Consider this a safe neighborhood and there are lots of kids living here. A policeman lives on the street."
    0
    Flag
  • Jovanti Rucker
    "It is very busy most of the time the light are a headache. They’re a lot of lights to go through to get to where I need to go."
    0
    Flag
  • Dontreal3
    "It’s ok. It’s not the worst but it’s also not the best. "
    0
    Flag
  • Trulia User
    "Peacefully quiet neighborhood. neighbors keep to themselves mostly. Alot of dogs throughout the whole area, which is nice to know, it's a pet friendly area to live in. "
    4
    Flag
  • Trulia User
    "I’ve lived here for years mostly everybody that lives in the neighborhood is really nice & friendly but I live with my dad & trying to find my own apartment right now. "
    4
    Flag
  • Susan.wirtjes
    "This is a safe and friendly neighborhood. Kids play outside. We are close to good schools. Shopping is close by. "
    8
    Flag
  • Dominique K. .
    " The community is really good if you get into people like that. There is not a lot to do around here unless you have money. There are a lot of trains around. People have dogs around here a lot and I hear gunshots a lot. I grew up here so I don’t find it very exciting. Most people got to work come home and stay away from each other. "
    1
    Flag
  • Tali S.
    "Very quiet neighborhood other than the occasional car driving by & faint sound of trains. Great neighbors, mostly homeowners with kids & elderly."
    0
    Flag
  • Lache S.
    "... I don’t know I been here only a year and aside from the bad I seen few good most people stay to they self "
    0
    Flag
  • Holly W.
    "schools are over crowded and children are often let slip through the cracks in the education system here "
    1
    Flag
  • Charles A.
    "15 minutes to work. Waterloo is easy to get around and not a lot of traffic .... zzzz xxdrc then. Gyyhbb"
    1
    Flag
  • Lamont S.
    "Lots of retirees here now. Mixed bag for the rest. I had seen several first time owners buying in. Plenty of remodeling and renovations going on now too."
    4
    Flag
  • Trulia User
    "it has some nice people, with sketchy people mixed in. it's too loud with harleys speeding hard through here and people thumping music too loud at all hours. I would not recommend this neighborhood to a young professional person. "
    0
    Flag
  • Kimmy21920
    "Convenient location and traffic is not as congested as the big city. Used to be a great place, but not so much anymore."
    1
    Flag
  • Mkesterson79
    "Listening to gun shots and train whistles at night to fall asleep to. Creates a uniquely unpleasant experience. "
    0
    Flag
  • Trulia User
    "Would love a dog park close by, or even respectful owners who pick up after their dog when they walk them"
    6
    Flag
  • Chris Wright
    "I lived in neighborhood for ten years as a kid, I always love the area, would love to own a house in that again, hope in very near future."
    1
    Flag
  • Mary Sue Adams
    "Safe streets, quality neighbors,clean, near a park,rural feeling- plenty of room between everyone. Lots of family and open spaces, but still near shopping and eats."
    3
    Flag
  • Kathy Cox White Dickerson
    "I moved to this neighborhood last summer and love it. I feel safe and secure,and neighbors are very nice."
    0
    Flag
  • Aley S.
    "Is a small neighborhood and quite and seems like a very lovely place to have a family and there are a lot of kid in the neighborhood "
    2
    Flag
  • Aschot12
    "It's better than north Waterloo for crime and lots of shade trees. It's nice to be near to 4th street for convenience even with traffic noise. "
    0
    Flag

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Apartments for Rent

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Homes for sale near 5 Rainbow Ct

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Off Market Homes Near 5 Rainbow Ct

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