Rainbow Acres, Southwest Tallahassee☎
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Aerial view of homes in the Rainbow Acres neighborhood, Tallahassee, FL

Rainbow Acres · Southwest Tallahassee

Rainbow Acres Homes for Sale

Last updated: November 7, 2026

Rainbow Acres is a neighborhood of 85 homes, 13 houses and 72 mobile homes, in Southwest Tallahassee. Homes here were built from 1930 through 2022.

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Rainbow Acres market intelligence

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This count comes from our last check of the multiple listing service (MLS).

Rainbow Acres Homes for Sale

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At a glance

Rainbow Acres Key Facts

  • Location: Southwest Tallahassee
  • ZIP Code: 32305
  • Homes: 13 single-family homes and 72 mobile homes
  • Construction Era: From 1930 through 2022; median year built 1998
  • Median home size: 1,456 square feet
  • Most common layout: 3 bedrooms, 2 bathrooms
  • HOA: No HOA
  • Owner-Occupied: 28% owner occupied
  • Elementary school: Oak Ridge Elementary, 2.5 miles, Florida DOE school grade C (2026), (850) 488-3124
  • Middle school: Nims Middle, 2.5 miles, Florida DOE school grade D (2026), (850) 617-6161
  • High school: Rickards High, 4.1 miles, Florida DOE school grade C (2026), (850) 414-5500
  • Median lot size: 0.42 acres

Property and Neighborhood Explorer

Rainbow Acres Boundary and Lots

The map below outlines the Rainbow Acres boundary and every lot inside it. A click on any lot shows its last sale, and the search box finds a home by address.

Zoom in and click any lot for its details.

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Neighborhoods Near Rainbow Acres

Every Tallahassee neighborhood we cover is in the neighborhood directory, so you can line Rainbow Acres up against any of them.

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Rainbow Acres Homes for Sale

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Rainbow Acres Listing Alerts

No homes are currently listed for sale.

Homes and setting

Rainbow Acres Homes: 85 Homes

The 85 homes in Rainbow Acres, 13 houses and 72 mobile homes, were built from 1930 through 2022.

The median home size in Rainbow Acres is 1,456 square feet of heated and cooled space. The most common layout here is three bedrooms and two bathrooms.

In Rainbow Acres, 54% of owners have held their home for ten years or more.

Only 28% of the homes in Rainbow Acres are owner occupied, meaning the majority are rented or held as a second home.

Rainbow Acres is in ZIP code 32305. The homes here line Breck Drive, Balboa Drive, Jake Drive, Penelope Road, and Cowan Drive.

Drive Times From Rainbow Acres

Downtown & campus
Bobby Bowden-Tallahassee International Airport
about 11 minutes
4.9 miles
Florida A&M University
about 12 minutes
4.5 miles
Florida Capitol
about 14 minutes
5.1 miles
Florida State University
about 14 minutes
4.5 miles
I-10, Exit 196
about 18 minutes
9.1 miles
Hospitals
The coast
Hospitals
Tallahassee Memorial Hospital
about 20 minutes
7.6 miles
HCA Florida Capital Hospital
about 25 minutes
10.9 miles
The coast
Shields Marina, St. Marks
about 30 minutes
19.6 miles
Carrabelle Marina
about 1 hour 5 minutes
51.9 miles
St. George Island
about 1 hour 35 minutes
73.2 miles

Where Is the Tallahassee Market Headed?

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Rainbow Acres, Southwest Tallahassee

No HOA

Rainbow Acres has no homeowners association, and there are no association dues.

Rainbow Acres market

Rainbow Acres Home Prices and Sales

Sales records for Rainbow Acres begin in 1999 and run through November 7, 2026. The figures below leave out family transfers, bank sales, and short sales.

How Much Do Rainbow Acres Homes Sell For?

Median price of the homes sold each year in Rainbow Acres, existing homes and new construction, with 2026 covering January to November

Medians describe the homes that sold each year, not the value of any one home.

A dot on its own marks a year with sales but no sales the year before or after.

Sources: Tallahassee Board of Realtors Multiple Listing Service and the Leon County Property Appraiser. Sales updated November 7, 2026.

New construction and existing homes are always charted separately, so a year's new-construction figure can come from just one or two sales.

Annual figures
Median sale price, by closing year
YearRainbow Acres existing homesRainbow Acres new constructionLeon County existing homesLeon County new constructionRainbow Acres sales (existing / new)
2026$305,000$436,9000 / 0
2025$289,600$419,9000 / 0
2024$151,000$288,500$416,1501 / 0
2023$270,000$410,7000 / 0
2022$207,000$245,000$415,7501 / 0
2021$225,000$325,0000 / 0
2020$215,000$302,1500 / 0
2019$195,000$279,9000 / 0
2018$188,000$310,5000 / 0
2017$185,000$285,4000 / 0
2016$178,400$289,0000 / 0
2015$178,250$269,8500 / 0
2014$176,000$276,1000 / 0
2013$175,000$282,9000 / 0
2012$169,000$270,9000 / 0
2011$167,800$244,6500 / 0
2010$170,000$192,0000 / 0
2009$129,000$168,000$184,5001 / 0
2008$177,500$202,2500 / 0
2007$179,600$193,5000 / 0
2006$176,500$183,5000 / 0
2005$166,0500 / 0
2004$149,0000 / 0
2003$134,9000 / 0
2002$122,0000 / 0
2001$115,0000 / 0
2000$105,0000 / 0
1999$105,000$102,0001 / 0
1998$99,0000 / 0
1997$90,0000 / 0
1996$90,0000 / 0
1995$85,0000 / 0
1994$79,0000 / 0
1993$77,5000 / 0
1992$73,3000 / 0
1991$68,5000 / 0
1990$3,700$68,0001 / 0

How Much Are Rainbow Acres Homes Worth?

Median home value, in price per square foot, each year in Rainbow Acres, existing homes and new construction, with 2026 covering January to November

Medians describe the homes that sold each year, not the value of any one Rainbow Acres home.

A dot on its own marks a year with sales but no sales the year before or after.

Sources: Tallahassee Board of Realtors Multiple Listing Service and the Leon County Property Appraiser. Sales updated November 7, 2026.

New construction and existing homes are always charted separately, so a year's new-construction figure can come from just one or two sales.

Annual figures
Median price per square foot, by closing year
YearRainbow Acres existing homesRainbow Acres new constructionLeon County existing homesLeon County new constructionRainbow Acres sales (existing / new)
2026$199$2360 / 0
2025$194$2440 / 0
2024$46$193$2391 / 0
2023$186$2310 / 0
2022$170$2081 / 0
2021$152$1830 / 0
2020$137$1730 / 0
2019$126$1720 / 0
2018$123$1710 / 0
2017$117$1640 / 0
2016$113$1550 / 0
2015$110$1520 / 0
2014$107$1470 / 0
2013$105$1440 / 0
2012$100$1370 / 0
2011$102$1300 / 0
2010$109$1220 / 0
2009$113$1271 / 0
2008$122$1310 / 0
2007$129$1380 / 0
2006$130$1360 / 0
20050 / 0
20040 / 0
20030 / 0
20020 / 0
20010 / 0
20000 / 0
19991 / 0
19980 / 0
19970 / 0
19960 / 0
19950 / 0
19940 / 0
19930 / 0
19920 / 0
19910 / 0
19901 / 0

How Big Are the Homes That Sell in Rainbow Acres?

Median home size, in square feet, each year in Rainbow Acres, existing homes and new construction, with 2026 covering January to November

Medians describe the homes that sold each year, not the value of any one home.

A dot on its own marks a year with sales but no sales the year before or after.

Sources: Tallahassee Board of Realtors Multiple Listing Service and the Leon County Property Appraiser. Sales updated November 7, 2026.

New construction and existing homes are always charted separately, so a year's new-construction figure can come from just one or two sales.

Annual figures
Median size (sq ft), by closing year
YearRainbow Acres existing homesRainbow Acres new constructionLeon County existing homesLeon County new constructionRainbow Acres sales (existing / new)
20261,5661,8730 / 0
20251,5441,7470 / 0
20243,2811,5221,7861 / 0
20231,4881,7910 / 0
20221,4761,9351 / 0
20211,5021,8070 / 0
20201,5811,7570 / 0
20191,5691,6700 / 0
20181,5501,7910 / 0
20171,5941,7440 / 0
20161,6261,8030 / 0
20151,6821,7640 / 0
20141,6961,8760 / 0
20131,7002,0100 / 0
20121,7291,9870 / 0
20111,7031,7830 / 0
20101,6441,5730 / 0
20091,5371,4871 / 0
20081,5041,5700 / 0
20071,4651,5350 / 0
20061,4691,4700 / 0
20050 / 0
20040 / 0
20030 / 0
20020 / 0
20010 / 0
20000 / 0
19991 / 0
19980 / 0
19970 / 0
19960 / 0
19950 / 0
19940 / 0
19930 / 0
19920 / 0
19910 / 0
19901 / 0

Rainbow Acres Recent Sales

Recent Rainbow Acres home sales
AddressPricePrice / sq ftClosing dateYear builtSq ftSale type
$151,000$462024-11-2519303,281Existing
$207,0002022-12-202022Existing
$129,0002009-10-301995Existing
$105,0001999-11-011995Existing
$3,7001990-01-01Existing
Showing 5 of 5 sales

Sources: the Leon County Property Appraiser and the MLS.

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Schools

Schools Serving Rainbow Acres

2026–27 attendance zones

Assigned Public Schools

All homes in Rainbow Acres are zoned for Oak Ridge Elementary School, Nims Middle School, and Rickards High School.

Oak Ridge Elementary School is 2.5 miles from Rainbow Acres and has a Florida DOE school grade of C (2026). Its phone number is (850) 488-3124.

Nims Middle School is 2.5 miles away and has a Florida DOE school grade of D (2026). Its phone number is (850) 617-6161.

Rickards High School is 4.1 miles away and has a Florida DOE school grade of C (2026). Its phone number is (850) 414-5500.

Oak Ridge Elementary SchoolFlorida DOE school grade: C (2026)All 85 homes in Rainbow Acres
Nims Middle SchoolFlorida DOE school grade: D (2026)All 85 homes in Rainbow Acres
Rickards High SchoolFlorida DOE school grade: C (2026)All 85 homes in Rainbow Acres

School zones can change from time to time, so check the current assignment for the exact address before you buy.

The Leon County Schools zone lookup shows the assigned schools for any address.

Other Schools Nearby

Charter Schools

These are tuition-free public schools open to students from any Leon County address.

SchoolDriving DistancePhoneFlorida DOE school grade
Tallahassee Classical SchoolPK–124.4 miles(850) 296-1970B (2026)
Florida State University SchoolsK–127.1 miles(850) 245-3700A (2026)
School of Arts and Sciences on ThomasvilleK–89.1 miles(850) 386-6566A (2026)
School of Arts and Sciences at the CentreK–87.6 miles(850) 999-8267B (2026)
Tallahassee School of Math and ScienceK–88.9 miles(850) 681-7827B (2026)

Private Schools

The state does not grade these schools. They are listed nearest to Rainbow Acres first.

SchoolDriving DistancePhone
Miracles In Me AcademyPK–82.2 miles(850) 385-3080
Brownsville Preparatory InstitutePK–35.6 miles(850) 412-9390
The Bethel Christian AcademyPK–85.7 miles(850) 521-7273
Trinity Catholic SchoolPK–86.3 miles(850) 222-0444
Franklin AcademyK–126.8 miles(850) 322-2860
Betton Hills Preparatory SchoolPK–27.1 miles(850) 422-2464
Tree of Life TallahasseeK–127.3 miles(850) 597-7312
Christ Classical AcademyPK–127.6 miles(850) 656-2373
St. John Paul II Catholic High School9–127.6 miles(850) 201-5744
Unity Child Care DevelopmentPK–57.8 miles(850) 629-4959
The Magnolia SchoolK–88.6 miles(850) 385-3834
North Florida Christian SchoolPK–128.9 miles(850) 386-6327
Cornerstone Learning CommunityPK–89.5 miles(850) 386-5550
IMPACT AcademyK–129.5 miles(850) 325-6301
Tallahassee Adventist Christian AcademyPK–810.5 miles(850) 597-7825
Rose AcademyK–1210.7 miles(850) 893-8743
Capital PreparatoryK–1210.9 miles(850) 402-9711
Maclay SchoolPK–1211.7 miles(850) 893-2138
Community Leadership AcademyPK–1211.8 miles(850) 597-9124
Avant School of Excellence TallahasseeK–1211.9 miles(850) 640-5254
Holy Comforter Episcopal SchoolPK–813.4 miles(850) 383-1007
Community Christian SchoolPK–1213.8 miles(850) 893-6628

Buying in Rainbow Acres

Buying a Home in Rainbow Acres

Fewer than one home a year comes up for sale in Rainbow Acres, and only three have sold in the past ten years, so a buyer who wants to live here has to be ready when one does. Ready means you choose your agent first, build the plan together, and then find the house. Our plan is to negotiate from what the home is worth, not from an inflated asking price. Ask us for the plan before you start looking.

Plan Your Rainbow Acres Search

To see every home for sale that fits your search, in Rainbow Acres or nearby, use the Home Finder.

If you plan to buy here, the Tallahassee home buying guide lays out the steps in order.

To turn a Rainbow Acres price into a monthly payment, use the mortgage calculator.

Selling in Rainbow Acres

Selling a Home in Rainbow Acres

Most sellers negotiate with one buyer at a time. Our selling plan is built to bring several buyers together so they compete for your home. Ask us how that plan would work when you sell in Rainbow Acres.

If you own a home here and plan to sell, the Tallahassee home selling guide covers what to decide before the home goes on the market.

To learn what your Rainbow Acres home is worth today, request a home evaluation.

The home marketing plan shows how our selling plan is built to bring several buyers to the same home.

What Is Your Rainbow Acres Home Worth Right Now?

Rainbow Acres questions

Rainbow Acres Frequently Asked Questions

Are new homes still being built in Rainbow Acres?

Not right now. The newest home in Rainbow Acres was built in 2022, and 27 lots are still vacant, so new homes could still go up.

What homes have recently sold in Rainbow Acres?

The most recent sale in Rainbow Acres was 1424 Jake Dr, which sold for $151,000 on November 25, 2024. Before that, 4001 Penelope Rd sold for $207,000 on December 20, 2022, and 1428 Breck Dr sold for $129,000 on October 30, 2009. See all 5 recent sales in the table above.

What are the HOA dues in Rainbow Acres?

Rainbow Acres has no homeowners association, and there are no association dues.

Which public schools serve the Rainbow Acres neighborhood?

Oak Ridge Elementary School, Nims Middle School, and Rickards High School. School zones can change from time to time, so confirm the current assignment for the home you choose with your Joe Manausa Team member.

Are homes in Rainbow Acres in a flood zone?

No. None of the 85 lots in Rainbow Acres are in a FEMA 1%-chance flood zone.

How old are the homes in Rainbow Acres?

Homes in Rainbow Acres were built from 1930 through 2022. The median year built is 1998, so half the homes are older than 28 years and half are newer.

Do homes in Rainbow Acres have pools?

No. None of the homes in Rainbow Acres have a pool.

How should a home in Rainbow Acres be valued?

A home in Rainbow Acres is best valued against recent sales of similar homes here, adjusted for differences in size, condition, updates and lot. Online estimates can't see inside a home, so for a figure on one home, request a home evaluation from a Joe Manausa Team member.

Questions about one Rainbow Acres address

Ready to Talk About a Rainbow Acres Property?

This page describes Rainbow Acres as a whole, not the one home you have in mind. Bring your questions about that home to a Joe Manausa Team member before you decide.

For local services you may need before or after a move, see our preferred vendor list.

Call the Joe Manausa Team