5200 Rainbow Rd, Midland, TX 79707
OFF MARKET

$421,200

Trulia Estimate
  • Studio
  • 4 Baths
  • 3,498 sqft

5200 Rainbow Rd, Midland, TX 79707

Wydewood
Est. Refi. Payment $2,743/mo*
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Home Value

Trulia Estimate
$421K
Since last month
Decreased$3K (-0.6%)
Since last year
Increased$3K (+0.6%)
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 +88% in the last 10 years
MonthEstimated value
2026
August 2026$423K
July 2026$426K
June 2026$440K
May 2026$439K
April 2026$439K
March 2026$439K
February 2026$431K
January 2026$422K
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
0.08
$315,000
3
2
1,488
For Sale
2601 Idlewilde Dr, Midland, TX 79707
0.08
$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
0.28
$315,000
3
2
1,913
For Sale
4900 Sunshine Pkwy, Midland, TX 79707
0.30
$315,000
3
2
1,724
For Sale
4730 W Dengar Ave, Midland, TX 79707
0.30
$320,000
4
2
1,733
For Sale
5508 Grassland Blvd, Midland, TX 79707
0.37
$585,000
4
3.5
2,784
For Sale
5518 Ashwood Ct, Midland, TX 79707
0.40
$645,000
4
3.5
3,039
For Sale
3217 Whittle Way, Midland, TX 79707
0.37
$289,000
3
2.5
1,817
For Sale
4708 Preston Dr, Midland, TX 79707
0.40
$360,000
3
2
1,901
For Sale
4703 Sunshine Pkwy, Midland, TX 79707
0.43
$340,000
3
2
1,975
For Sale

Local Information

  • Map ViewExplore the area around 5200 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
1983
Living Area
3,498 sqft
Price/Sqft
$120
Parking
Garage

About this House

This multi-family home is located at 5200 Rainbow Rd, Midland, TX. 5200 Rainbow Rd is in the Wydewood neighborhood in Midland, TX and in ZIP code 79707. This property has 4 bathrooms and approximately 3,498 sqft of floor space. This property has a lot size of 8799 sqft and was built in 1983.
5200 Rainbow Rd, Midland, TX 79707 is a studio, 4 bathroom, 3,498 sqft multi-family in Wydewood, built in 1983. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $421,200, with a rent estimate of $2,422/month.

Home Details for 5200 Rainbow Rd

Property Information

Year Built
Year Built: 1983
Property Type / Style
Property Type: Multi Family

Interior Features

Fireplace & Spa
Fireplace

Exterior Features

Parking & Garage
GarageParking: Carport, Garage Attached

Community

Units in Building: 2

Lot Information

Lot Area: 8799 sqft

Price and Tax history

YearProperty taxTax assessment
2025
$5,313
$362,270
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 5200 Rainbow Rd

  • What is 5200 Rainbow Rd estimated to be worth?
    Trulia's estimated value for 5200 Rainbow Rd in Midland, TX is $421,200.
  • 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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