Market Overview for Rainbow Ranch
There are 5 active listings in Rainbow Ranch with a median list price of $650K and a median sold price of $1.4M.
Over the past 30 days, 0 homes have sold, with 2 sales in the past 12 months.
The average price per square foot is $411.
About Rainbow Ranch
Rainbow Ranch is a rural residential subdivision located in Wimberley, Texas, within the 78676 zip code in Hays County. The subdivision sits approximately 9 miles northeast of Wimberley along Lone Man Mountain Road, roughly 40 miles southwest of downtown Austin. Rainbow Ranch was first developed in the late 1990s and has continued to add homes over the following decades. The subdivision is organized along caliche (crushed limestone) roads with parcels averaging close to 10 acres, set among rolling Hill Country terrain with heavy oak tree coverage and elevated views of the surrounding landscape.
Property prices in Rainbow Ranch typically range from $400,000 to $900,000 depending on acreage, home size, and improvements. Homes range from approximately 1,000 to 4,000 square feet, with most parcels including 5 to 15 acres of land. Construction styles vary from Hill Country stone and metal-roof ranch homes to timber-frame and custom-built residences. Many properties include detached workshops, barns, or secondary structures. The rural character of the subdivision means most lots rely on private well water and septic systems rather than municipal utilities.
Rainbow Ranch is served by Wimberley Independent School District. Students typically attend Wimberley Elementary School, Danforth Junior High School, and Wimberley High School. Wimberley Elementary serves grades pre-K through 5. Danforth Junior High enrolls students in grades 6 through 8. Wimberley High School serves grades 9 through 12 with approximately 700 students and offers Advanced Placement courses, career and technical education pathways including agriculture and welding, and extracurricular programs in athletics and fine arts. Wimberley ISD operates five campuses serving roughly 2,800 students.
Commuters from Rainbow Ranch reach downtown Austin in approximately 50 to 60 minutes via Ranch Road 12 to I-35 or via US 290 through Dripping Springs. The nearest grocery options include H-E-B in Wimberley, approximately 9 miles southwest, and additional retail along Ranch Road 12 in the Wimberley town center. San Marcos, located approximately 20 miles southeast, provides access to Texas State University, the San Marcos Premium Outlets, and regional medical facilities. The rural setting and caliche roads limit through-traffic, resulting in low vehicle volumes within the subdivision.
