5002 Rainbow Rd, Midland, TX 79707
Half Bath (Jack & Jill)
Property image
OFF MARKET

$388,600

Trulia Estimate
as of Nov 12, 2026
  • 3 Beds
  • 2.5 Baths
  • 2,178 sqft

5002 Rainbow Rd, Midland, TX 79707

Wydewood

Home Highlights

Single-Family Home
2,178 sqft
$178/sqft
Attached Garage

Local Information

  • Map ViewExplore the area around 5002 Rainbow Rd.
  • Schools1 Preschool School1 Elementary School2 Middle Schools2 High Schools
  • Shop & Eat
-- mins to
Commute Destination

About this House

What's unique:Renovated outdoor kitchenWood floorsGranite countertopsHot water circulating pumpMaster bathJack-and-jill guest bathroom
Updated home in great location in close proximity to Loop 250 and grocery stores/restaurants. 3 bedrooms and an office with a master bath and jack-and-jill guest bathroom, hot water circulating pump for instant hot water. Granite countertops, wood floors, and tile throughout with carpet in bedrooms. Renovated outdoor kitchen with gas range, sink and refrigerator. 2 car garage and an automated sprinkler system. Full home network with CAT6A port in every room. Available fully furnished and all bills paid for an additional fee. Pets welcome on owner approval with a refundable pet deposit.

Renter is responsible for all bills. Renter is responsible for maintaining the front and back yard and a lawn mower will be provided. Renter is responsible for first $75 of any repair. Option to be furnished with all bills paid with for an additional fee with electricity cap. No smoking in the house. Pets may be considered upon owner approval with a refundable pet deposit.
5002 Rainbow Rd, Midland, TX 79707 is a 3 bedroom, 3 bathroom, 2,178 sqft single-family home in Wydewood. It was last sold on Sep 19, 2019. More recently, it was listed as a rental in September 2024 with an asking price of $2,800 per month. That rental listing was removed on September 13, 2024. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $388,600, with a rent estimate of $2,701/month.

Home Details for 5002 Rainbow Rd

Interior Features

Heating & Cooling
Heating: FireplaceAir ConditioningCooling System: Central AirHeating Fuel: Fireplace
Appliances & Utilities
DishwasherDryerWasher
Fireplace & Spa
Fireplace
Levels, Entrance, & Accessibility
Floors: Hardwood

Property Information

Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: 1 YearAvailable: now

Exterior Features

Exterior Home Features
Sprinkler System
Parking & Garage
Parking: Attached Off Street, On Site

Comparable Sales for 5002 Rainbow Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4807 Elma Dr, Midland, TX
0.23
Single-Family Home
-
04/09/26
3
2
2,298 sqft
2701 Maranatha Pl, Midland, TX
0.23
Single-Family Home
-
01/29/26
3
2
1,778 sqft
4730 W Dengar Ave, Midland, TX
0.17
Single-Family Home
-
09/01/26
4
2
1,620 sqft
3300 Dentcrest Dr, Midland, TX
0.52
Single-Family Home
-
10/01/26
3
2
2,100 sqft
4609 Aspen Dr, Midland, TX
0.46
Single-Family Home
-
06/17/26
3
2
1,580 sqft
5515 Hathaway Ct, Midland, TX
0.49
Single-Family Home
-
05/12/26
4
3
2,907 sqft
5604 Grassland Blvd, Midland, TX
0.56
Single-Family Home
-
02/20/26
4
2.5
2,465 sqft
4423 Gulf Ave, Midland, TX
0.54
Single-Family Home
-
07/01/26
3
2
1,400 sqft
3501 Claremont Dr, Midland, TX
0.67
Single-Family Home
-
06/26/26
3
2
2,246 sqft
3407 Claremont Dr, Midland, TX
0.66
Single-Family Home
-
04/24/26
3
2
1,543 sqft
Home facts updated by county records

Nearby homes

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Price and Tax history

DateEventPrice
Sep 13, 2024
Source: Zillow Rentals
ListingRemoved
$2,800
Sep 1, 2024
Source: Zillow Rentals
Listed For Rent
$2,800
Feb 22, 2023
Source: Zillow Rentals
ListingRemoved
Feb 10, 2023
Source: Zillow Rentals
Listed For Rent
$2,800
Nov 26, 2022
Source: Zillow Rental Manager
ListingRemoved

Around this home

Neighborhood Overview

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

What Locals Say about Wydewood

At least 57 Trulia users voted on each feature.

  • 88 % Say car is needed

  • 78 % Say there are sidewalks

  • 77 % Say there's holiday spirit

  • 73 % Say parking is easy

  • 72 % Say it's dog friendly

  • 70 % Say kids play outside

  • 69 % Say yards are well-kept

  • 64 % Say it's quiet

  • 54 % Say people would walk alone at night

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

  • 46 % Say it's walkable to grocery stores

  • 43 % Say neighbors are friendly

  • 40 % Say streets are well-lit

  • 31 % Say it's walkable to restaurants

  • 29 % Say there's wildlife

  • 16 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Unspecified
    "Have lived here for 3 months now & have loved every moment of it & have no regrets living here & will continue to live here for a while now "
    3
    Flag
  • Barbara D.
    "Commute to downtown is easy and only takes about 15 mins in the mornings. Have never used public transportation so can’t say anything about that."
    0
    Flag
  • Paigeprescott20
    "there is lots of families around here and it's close to elementary school Bush and close to loop 250 "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 5002 Rainbow Rd

  • What is 5002 Rainbow Rd estimated to be worth?
    Trulia's estimated value for 5002 Rainbow Rd in Midland, TX is $388,600.
  • What is the price history for 5002 Rainbow Rd?
    5002 Rainbow Rd in Midland, TX last sold in September 2019.
  • Is Midland a buyer's or seller's market?
    Midland is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Midland?
    The median sale price in Midland is $378K. That is up $7K from the prior month.
  • Does 5002 Rainbow Rd have air conditioning?
    Yes, 5002 Rainbow Rd in Midland, TX has air conditioning.
  • Does 5002 Rainbow Rd have laundry facilities?
    Yes, 5002 Rainbow Rd in Midland, TX has in-unit laundry.

Homes for rent near 5002 Rainbow Rd

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
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