7316 Rainbow Ln N, Indianapolis, IN 46236
OFF MARKET

7316 Rainbow Ln N
Indianapolis, IN 46236

  • Studio
  • 1 Bath
  • 1,762 sqft (on 1.66 acres)

$299,700

Trulia Estimate
as of May 5, 2026
Est. Refi. Payment $1,812/mo*
Refinance Your Home

$299,700

Trulia Estimate
as of May 5, 2026
Est. Refi. Payment $1,812/mo*
Refinance Your Home
Studio
1 Bath
1,762 sqft
(on 1.66 acres)

Homes for sale near 7316 Rainbow Ln N

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Apartments for Rent

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Local Information

Map showing home location
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Commute Destination

Description

This single-family home is located at 7316 Rainbow Ln N, Indianapolis, IN. 7316 Rainbow Ln N is in Indianapolis, IN and in ZIP code 46236. This property has 1 bathroom and approximately 1,762 sqft of floor space. This property has a lot size of 1.66 acres and was built in 1969.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
No Info

Home Details for 7316 Rainbow Ln N

Interior Features

Heating & Cooling
Heating: OtherHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 2
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: AsphaltFoundation Type: Crawl Raised
Parking & Garage
GarageParking Space: 1Parking: Garage Attached

Property Information

Year Built
Year Built: 1969Year Updated: 1969
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 1.66 acres
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Property Tax and Assessment

Year2024
Tax$2,404
Assessment$183,500
Home facts updated by county records

Comparable Sales for 7316 Rainbow Ln N

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
10444 Indian Lake Blvd S, Indianapolis, IN
0.10
Single-Family Home
$455,000
07/29/25
4
2
2,150
7550 Indian Lake Rd, Indianapolis, IN
0.38
Single-Family Home
$200,000
10/02/25
3
1
1,040
10415 Fawn Ridge Ln, Indianapolis, IN
0.10
Single-Family Home
$294,000
09/24/25
3
2
2,322
7333 Elm Ridge Dr, Indianapolis, IN
0.14
Single-Family Home
$430,000
09/05/25
4
2.5
2,418
10404 Fawn Ridge Ln, Indianapolis, IN
0.10
Single-Family Home
$297,000
08/28/25
3
2.5
2,150
7323 Elm Ridge Dr, Indianapolis, IN
0.13
Single-Family Home
$565,000
06/18/25
4
2.5
4,100
7326 Elm Ridge Dr, Indianapolis, IN
0.10
Single-Family Home
$625,000
05/22/25
4
3
3,548
7409 River Birch Ln, Indianapolis, IN
0.17
Single-Family Home
$435,000
11/14/25
4
2.5
3,500
7248 River Birch Ln, Indianapolis, IN
0.18
Single-Family Home
$600,000
07/02/25
4
2.5
3,500
7424 Campfire Run, Indianapolis, IN
0.27
Single-Family Home
$600,000
05/13/25
4
3.5
4,014

Assigned Schools

These are the assigned schools for 7316 Rainbow Ln N.
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 Lawrence

At least 351 Trulia users voted on each feature.

  • 91 % Say car is needed

  • 86 % Say yards are well-kept

  • 85 % Say it's dog friendly

  • 83 % Say parking is easy

  • 79 % Say there are sidewalks

  • 73 % Say kids play outside

  • 71 % Say there's holiday spirit

  • 63 % Say it's quiet

  • 53 % Say people would walk alone at night

  • 51 % Say streets are well-lit

  • 50 % Say neighbors are friendly

  • 47 % Say there's wildlife

  • 47 % Say they plan to stay for at least 5 years

  • 30 % Say it's walkable to restaurants

  • 29 % Say it's walkable to grocery stores

  • 28 % Say there are community events

Learn more about our methodology.
  • Jakki Brooks
    "Easy to live here. Can afford surrounded . Need to be close to the family . Security is well worth it"
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  • Nicunurse2004
    "Dogs are always welcome. Owners are expected to pick up after their dogs. Some do not owners are very corrective about this."
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  • Real Raw
    "Certain parts of Lawrence are okay but the people makes it horrible, they’re dirty, have no respect for the neighbors better yet themselves that’s why it’s so cheap bc the people makes it not so nice to live here "
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  • Trulia User
    "You need a vehicle to commute to most anywhere. There is a bus stop on 46th street. The bus system in Indianapolis is inefficient. It takes an excessive amount of time to travel anywhere except downtown. The bus stop in not covered"
    0
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  • Linda A.
    "Keeping there dog attended and not wondering around the. neighborhood. It’s a lot of residents that have dogs especially Pitbull so you have to be careful what street you talk a way on."
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  • Alissa R.
    "it's difficult if you dont have a car. but a lot of places are within walking distance. sometimes you can get a lyft for cheap and quickly. "
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  • Claire R.
    "I live and went to high school here. Everyone in Kensington Farms takes pride of ownership in their homes, lawns, and neighborhood. The fire department is excellent and so are the EMT's who go to calls with them. "
    0
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  • Amy P.
    "Near great schools and safe friendly neighborhood. Many children for our children to play with. Xxxx"
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  • Queelaladerson
    "My neighborhood is great. The neighbor are friendly. Lots of families with kids and pets. Very quiet"
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  • Nicunurse2004
    "There are great families in our neighborhood and several ponds surrounded by homes! Lots of sports for youth and great schools. Peaceful area!"
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  • Gary
    "lived in this area for many years very convenient with many places to shop grocery stores, restaurants, auto repair etc."
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  • Makaila B.
    "it's getting worse everyday. it used to just be indy, but it spreads closer and closer. schools arent awful, but they sure arent great"
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  • Nicunurse2004
    "We have lived here for over 20 years and find it very peaceful and secure and good home values! Many of our neighbors have lived here as long as we have love you can count on them if you’re in a pinch!"
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  • Ericka H.
    "I like Lawrence Township it’s a great place to raise your family and make friends stores are close by Mozzo convenient for most essential needs great place for children to play outside with friends "
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  • Ericka H.
    "I like Lawrence it’s a wonderful area to raise your children I want to please I really involved and try really hard to keep the neighbor hood safe I wish they would update the homes but over all great"
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  • Jada C.
    "The 4th of July parade is really nice but the candy hurts when they throw it sometimes. Other than that they don’t do much in Lawrence that’s “special”."
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  • Denise D.
    "I have lived in Lawrence the past 15 years. I like the community, lots of grocery stores to choose from and restaurants! Most people are friendly and I enjoy living in Lawrence!"
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  • Lynn D.
    "Plenty of well maintained sidewalks for walking. Area is safe. Very pet friendly. People do pick up after their dogs. "
    0
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  • Jamie S.
    "Nice parks. People say hi to each other. It is nice. Seems to be an up and coming area. Room for more growth. "
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  • Natasha G.
    "The neighborhood is good if it’s not near post road around 42nd street. I would say German church road around 46th street and stay north is the better areas to reside. "
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  • Kendra H.
    "I lived in this neighborhood for 6 years and I love it, the school system is good, and the resident’s look out for each other"
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  • Tyandtracy4.14.14
    "I drive everywhere I go as bus service isn’t convenient in my area. Busses are available in other areas but not those further away from the city."
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  • Linda A.
    "The Catholic Church by my home present summer fair yearly for the community. The community does not offer a lot of event. "
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  • Carla Y.
    "We have a Jazz in the park we have farmers market and then we have the Fort Harrison Nature parkWe have a lot of dog parks we have a lot of friendly people it’s just like a big family"
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  • Fanchon B.
    "Please keep children out of street, and in yards or sidewalks. So many fast drivers throughout neighborhood. Seen a young girl get hit on bike and driver kept going. "
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  • Yep
    "not a great neighborhood to raise kids. it's quite sad because I have grown up here but Lawrence has gone completely and entirely downhill"
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  • Lady U.
    "I've lived in this neighborhood for 2 years and went to LNHS for high school. The neighborhood is beautiful, homes were built to last and of quality. Neighbors take pride on their homes and landscaping which make it pleasant to come home to and be proud to live here."
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  • Mrs. D
    "the commute is great. local store in 5-10 min range. High traffic in the morning, but not congested. slower traffic in the evening. "
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  • Dee N.
    "Great neighborhood, somewhat diverse. Like a area and would recommend for families. property value to high in some neighborhoods. Ask for too much with no updated features in home. "
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  • Cdice
    "nice neighborhood, everyone on my street communicates, looks out for eachother and keep up with the yards well. we feel comfortable and safe"
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  • SR
    "The teens ask their neighbors for permission before having an event to make sure they aren’t bothered. "
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  • Candace P.
    "I’ve been living in area for 2 years it’s quiet half the time. My neighbors are pleasant, take pride in maintaining their yards. The apartments in area well 2 are under new management the Residence Apartments are nice. The Lenox still under renovations no comment."
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  • Kassybride95
    "Everyone keeps to themselves. Railroad is just down the block and two close gas stations down the road. Semi-safe area but would not suggest going out after dark."
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  • Mia T.
    "I’m not a dog owner however it seems like our community is dog friendly and we have plenty of parks and trails for one to walk their dog. "
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  • Candace P.
    "My apartment community is smaller than any other place I’ve lived in. Neighbors are pleasant and the area is in my opinion a prime area. Minute away from Castleton Square and wide variety of stores and restaurants. "
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  • Toni L. A.
    "good neighborhood for children to grow up. quiet and friendly neighbors easily accessible to restaurants and stores"
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  • Maria M.
    "dogs on leashes only. not too many stray pets. most yards are fenced. families walking dogs is very common. "
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  • Monique B.
    "It’s a spacious environment where dogs have room to run free and use the bathroom when they need to. Everyone with dogs here are also pretty friendly to other dog owners "
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Homes for rent near 7316 Rainbow Ln N

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Off Market Homes Near 7316 Rainbow Ln N

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7316 Rainbow Ln N, Indianapolis, IN 46236 is a studio, 1 bathroom, 1,762 sqft single-family home built in 1969. This property is not currently available for sale. The current Trulia Estimate for 7316 Rainbow Ln N is $299,700.