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Atlas — Grand Rapids Real Estate

A hyper-local geographic knowledge system for Greater Grand Rapids. Fall in love with a place, then find a home there.

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2279 New Town Dr, Grand Rapids, MI 49525
(616) 308-7946 · support@grandrapids.realestate

Operated by Grand Rapids Real Estate Co., a sub-brokerage of AARE · Licensed broker: Jon Hazeltine, Michigan license #6502432782

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IDX data provided by MichRIC MLS · @grandrapidsrealestateco

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Home/Neighborhoods/Osceola County/Rainbow Run
Subdivision

Rainbow Run

Solid value in a growing area

Published by Atlas — Grand Rapids Real Estate · data computed by Atlas · reviewed under Jon Hazeltine, Broker Associate (MI #6502432782)

Median $267K·Schools 6.0/10

You've got river frontage—actual Muskegon River frontage—which changes everything about living out here. The neighborhood sits on generous acreage with direct access to the water, and homes tend to capture those views from multiple rooms; the large rear decks aren't an afterthought, they're where you actually spend time watching the river move. Most builds lean toward three-bedroom ranches and modest Cape Cods with solid floor plans—no cramped layouts—and you'll find both newer construction (think 2022 builds with modern finishes) and tastefully remodeled older homes with real details: granite countertops, custom cabinetry, walk-in closets that don't feel like closets. There's actual land here—parcels hover around an acre and a half—so you're not stacked shoulder-to-shoulder, and that breathing room matters. A restaurant is only about a mile away, so you're not isolated, but far enough out that the river and the quiet around it feel like the main event. It's low-key and genuinely rooted in access to the water rather than strip amenities or a manufactured vibe.

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Why people love it here

💰Home Values

$267K median

  • Based on 3yr sales

Conventional Mortgage Calculator

Median home price in Rainbow Run

Estimated Monthly Payment

$1,809/mo

$
$53,300
20%
%
Principal & Interest $1,38376%
Property Tax (est.)
$
18%
Insurance (est.)
$
5%

Property tax and insurance are estimates you can edit — not a quote. Tap either figure to enter your own.

Get Pre-Approved with Guild Mortgage
Jon Hazeltine

Guild Mortgage

Loan officer: Jon Hazeltine · NMLS #2574218

Company NMLS #3274 · Licensed in MI

The interest rate shown is not an annual percentage rate (APR). Rate displayed is the current average 30-year fixed rate from the Freddie Mac Primary Mortgage Market Survey and is subject to change without notice. Your actual rate, payment, and costs may vary. Contact a loan officer for a personalized quote.

Guild Mortgage NMLS #3274. Equal Housing Opportunity. NMLS Consumer Access. Not a commitment to lend. All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.

Median Sale Price

$267K

Based on 3yr sales

Expected Rent

$1,000/mo

$875 – $1,125 · estimated range

6.0
/10 avg
Above average schools

Based on 3 rated schools nearby

Range: 5/10 to 7/10

School District: Reed City Area Public Schools

7GT Norman Elementary SchoolElementary · PK-04 · 515 students · 16:1 · 4.8 mi
6Reed City Middle SchoolMiddle · 05-08 · 442 students · 18:1 · 4.6 mi
5Reed City High SchoolHigh · 09-12 · 437 students · 20:1 · 4.5 mi

Crime in Rainbow Run is reported at the city level, not the neighborhood level. The FBI doesn't publish reliable crime rates for individual neighborhoods, and within any community crime varies street to street. For an accurate, comparable picture, see the jurisdiction-wide figures for Osceola County.

Osceola County crime & safety stats →

To buy a median-priced Rainbow Run home (around $266,500) at today's 6.65% 30-year fixed rate with 20% down, you'd need roughly $48k/year in household income to qualify — an estimated monthly payment of $1,795 (principal, interest, property tax est., and insurance).

Down paymentMonthly paymentIncome needed
20% $1,795/mo$47,869
10% (+PMI)$2,066/mo$55,096
5% (+PMI)$2,157/mo$57,525

Estimates use a 6.65% 30-year fixed rate (current Freddie Mac average), an aggressive ~45% housing-to-income ratio (roughly what FHA underwriting can allow for a buyer with no other monthly debts — your number depends on your debts and credit), this area's median sale price, plus estimated insurance and PMI below 20% down. Not a commitment to lend, and not an APR — your actual rate and payment will vary.

Full Rainbow Run cost-of-living breakdown →
GR

Atlas — Grand Rapids Real Estate

Local real estate specialists

Questions about Rainbow Run? Our team can help with availability, schools, and what it's really like to live here.

Call

Frequently asked about Rainbow Run

What do homes cost in Rainbow Run?
The median home value in Rainbow Run is about $266,500. Individual prices vary by street, size, and condition.
What schools serve Rainbow Run?
Rainbow Run is served by Reed City Area Public Schools. Its highest-rated assigned school is GT Norman Elementary School (7/10).

Top contributors in Rainbow Run

Data sources: census · Updated 8/9/2026
GR

Atlas — Grand Rapids Real Estate

Local real estate specialists

Questions about Rainbow Run? Our team can help.

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Conventional Mortgage Calculator

Median in Rainbow Run

Estimated Monthly Payment

$1,809/mo

$
$53,300
20%
%
Principal & Interest $1,38376%
Property Tax (est.)
$
18%
Insurance (est.)
$
5%

Property tax and insurance are estimates you can edit — not a quote. Tap either figure to enter your own.

Get Pre-Approved with Guild Mortgage
Jon Hazeltine

Guild Mortgage

Loan officer: Jon Hazeltine · NMLS #2574218

Company NMLS #3274 · Licensed in MI

The interest rate shown is not an annual percentage rate (APR). Rate displayed is the current average 30-year fixed rate from the Freddie Mac Primary Mortgage Market Survey and is subject to change without notice. Your actual rate, payment, and costs may vary. Contact a loan officer for a personalized quote.

Guild Mortgage NMLS #3274. Equal Housing Opportunity. NMLS Consumer Access. Not a commitment to lend. All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.

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