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

5002 Rainbow Rd
Midland, TX 79707

Wydewood
  • 3 Beds
  • 2.5 Baths
  • 2,178 sqft

$394,300

Trulia Estimate
as of Aug 16, 2026
Est. Refi. Payment $2,074/mo*
Refinance Your Home

$394,300

Trulia Estimate
as of Aug 16, 2026
Est. Refi. Payment $2,074/mo*
Refinance Your Home
3 Beds
2.5 Baths
2,178 sqft

Home Value

Trulia Estimate
$394K
Since last month
Decreased$7K (-1.7%)
Since last year
Decreased$3K (-0.6%)
Since last sale
Increased$69K (+21.2%)
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 +73% in the last 10 years
MonthEstimated value
2026
August 2026$394K
July 2026$394K
June 2026$401K
May 2026$403K
April 2026$401K
March 2026$399K
February 2026$390K
January 2026$388K
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
2505 Idlewilde Dr, Midland, TX
0.09
Single-Family Home
-
10/03/25
3
2
1,721
4807 Elma Dr, Midland, TX
0.23
Single-Family Home
-
04/09/26
3
2
2,298
2701 Maranatha Pl, Midland, TX
0.23
Single-Family Home
-
01/29/26
3
2
1,778
4904 Wylea Cv, Midland, TX
0.25
Single-Family Home
-
10/21/25
3
2
1,805
3219 Whittle Way, Midland, TX
0.33
Single-Family Home
-
09/12/25
3
3
1,836
2304 Lindora Way, Midland, TX
0.28
Single-Family Home
-
08/29/25
3
2
1,852
4609 Aspen Dr, Midland, TX
0.46
Single-Family Home
-
06/17/26
3
2
1,580
5604 Grassland Blvd, Midland, TX
0.56
Single-Family Home
-
02/20/26
4
2.5
2,465
3501 Claremont Dr, Midland, TX
0.67
Single-Family Home
-
06/26/26
3
2
2,246
5407 Heartland Ct, Midland, TX
0.55
Single-Family Home
-
09/26/25
4
3
3,063

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
2601 Idlewilde Dr, Midland, TX 79707
0.08
$258,000
2
2
1,366
For Sale
2809 Sunburst Dr, Midland, TX 79707
0.20
$315,000
3
2
1,488
For Sale
4728 W Dengar Ave, Midland, TX 79707
0.17
$319,000
3
2
1,657
For Sale
4730 W Dengar Ave, Midland, TX 79707
0.17
$320,000
4
2
1,733
For Sale
2415 Idlewilde Dr #10, Midland, TX 79707
0.19
$205,000
2
1.5
986
For Sale
4900 Sunshine Pkwy, Midland, TX 79707
0.19
$315,000
3
2
1,724
For Sale
4708 Preston Dr, Midland, TX 79707
0.29
$365,000
3
2
1,901
For Sale
3217 Whittle Way, Midland, TX 79707
0.32
$289,000
3
2.5
1,817
For Sale
4703 Sunshine Pkwy, Midland, TX 79707
0.31
$350,000
3
2
1,975
For Sale
4609 Aspen Dr, Midland, TX 79707
0.46
$188,000
3
2
1,580
For Sale
5502 Sundance Ct, Midland, TX 79707
0.52
$427,000
4
2.5
2,384
For Sale

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

Home Highlights

Property Type
Single-Family Home
Living Area
2,178 sqft
Price/Sqft
$181
Parking
Attached Garage

About this House

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 last sold for $325,000 on Sep 19, 2019 (11,507% above the $2,800 asking price). 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. It is currently off market. The Trulia Estimate is $394,300, with a rent estimate of $3,183/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

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

Market trends in Midland

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$362K
$12.33KMoM
Sale-to-List Price
98.7%
0.1%MoM
Price per sq ft
$184
$2MoM
Available listings
859
41MoM
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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 "
    2
    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

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Apartments for Rent

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Explore by feature - Pet Friendly

203 pet-friendly rentals in Midland, TX

Explore by feature - Garage

198 rentals with a garage in Midland, TX

Explore by feature - Air Conditioning

259 rentals with air conditioning in Midland, TX

Explore by feature - Pool

95 rentals with a pool in Midland, TX

Explore by feature - Washer/dryer

234 rentals with a washer/dryer in Midland, TX

Explore by feature - Outdoor Space

78 rentals with an outdoor space in Midland, TX

Homes for sale near 5002 Rainbow Rd

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Off Market Homes Near 5002 Rainbow Rd

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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 $394,300.
  • 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 $362K. That is up $12.33K 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.