5108 Rainbow Rd, Midland, TX 79707
OFF MARKET

$429,900

Trulia Estimate
  • Studio
  • 4 Baths
  • 2,812 sqft

5108 Rainbow Rd, Midland, TX 79707

Wydewood
Est. Refi. Payment $2,779/mo*
Refinance Your Home

Home Value

Trulia Estimate
$430K
Since last month
Decreased$6K (-1.4%)
Since last year
Increased$400 (+0.1%)
Learn more about this home's value by checking out its Trulia Estimate and the value of nearby homes.

Trulia Estimate

The of this home's value increased by +95% in the last 10 years
MonthEstimated value
2026
August 2026$429K
July 2026$435K
June 2026$451K
May 2026$450K
April 2026$446K
March 2026$447K
February 2026$436K
January 2026$431K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

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
2809 Sunburst Dr, Midland, TX 79707
0.09
$315,000
3
2
1,488
For Sale
2601 Idlewilde Dr, Midland, TX 79707
0.07
$258,000
2
2
1,366
For Sale
2415 Idlewilde Dr #10, Midland, TX 79707
0.18
$205,000
2
1.5
986
For Sale
2904 Phillip Pl, Midland, TX 79707
0.27
$315,000
3
2
1,913
For Sale
4900 Sunshine Pkwy, Midland, TX 79707
0.29
$315,000
3
2
1,724
For Sale
4730 W Dengar Ave, Midland, TX 79707
0.29
$320,000
4
2
1,733
For Sale
5508 Grassland Blvd, Midland, TX 79707
0.38
$585,000
4
3.5
2,784
For Sale
5518 Ashwood Ct, Midland, TX 79707
0.41
$645,000
4
3.5
3,039
For Sale
3217 Whittle Way, Midland, TX 79707
0.36
$289,000
3
2.5
1,817
For Sale
4708 Preston Dr, Midland, TX 79707
0.38
$360,000
3
2
1,901
For Sale
4703 Sunshine Pkwy, Midland, TX 79707
0.42
$340,000
3
2
1,975
For Sale

Local Information

  • Map ViewExplore the area around 5108 Rainbow Rd.
  • Schools1 Preschool School1 Elementary School2 Middle Schools2 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1999
Living Area
2,812 sqft
Price/Sqft
$153
Parking
Garage

About this House

This multi-family home is located at 5108 Rainbow Rd, Midland, TX. 5108 Rainbow Rd is in the Wydewood neighborhood in Midland, TX and in ZIP code 79707. This property has 4 bathrooms and approximately 2,812 sqft of floor space. This property has a lot size of 8799 sqft and was built in 1999.
5108 Rainbow Rd, Midland, TX 79707 is a studio, 4 bathroom, 2,812 sqft multi-family in Wydewood, built in 1999. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $429,900, with a rent estimate of $2,468/month.

Home Details for 5108 Rainbow Rd

Property Information

Year Built
Year Built: 1999
Property Type / Style
Property Type: Multi Family

Interior Features

Fireplace & Spa
Fireplace

Exterior Features

Parking & Garage
GarageParking: Garage Attached

Community

Units in Building: 2

Lot Information

Lot Area: 8799 sqft

Price and Tax history

YearProperty taxTax assessment
2025
$6,030
$411,170
Home facts updated by county records

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

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

LGBTQ Local Legal Protections

Frequently asked questions about 5108 Rainbow Rd

  • What is 5108 Rainbow Rd estimated to be worth?
    Trulia's estimated value for 5108 Rainbow Rd in Midland, TX is $429,900.
  • 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.
  • What do residents say about the Wydewood neighborhood?
    Residents describe the Wydewood neighborhood in Midland, TX as pedestrian-friendly, easy to park in, and dog-friendly. See recently sold homes in Wydewood, Midland.

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Apartments for Rent

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