16 properties · Parkvale, Hastings

Rainbow Avenue, Parkvale

Rainbow Avenue in Parkvale has 16 properties, valued by the council between $700,000 and $1,040,000 with a median of $750,000 (Parkvale: $640,000). Most of its homes were built in the 1960s. We estimate its homes at a median $759,000. 2 sold in the last twelve months. The highest sale in 2026 was 708 Rainbow Avenue, at $810,000.

$750kmedian council valuation
$759kour median estimate
2sold in the last 12 months
1960median year built
HastingsParkvale ×Rainbow Avenue ×

16 properties on Rainbow Avenue, Parkvale

Highest and lowest on Rainbow Avenue

Highest-valued home713 Rainbow Avenue$1,040,000council valuation · 4 bed · 184 m² floor · 850 m² land
Lowest-valued home715 Rainbow Avenue$700,000council valuation · 3 bed · 124 m² floor · 850 m² land
Highest sale in 2026708 Rainbow Avenue$810,000sold 5 May 2026 · 3 bed · 125 m² floor · 835 m² land

Property values on Rainbow Avenue

The council values Rainbow Avenue's 16 rated properties between $700,000 and $1,040,000. The middle half sit between about $712,500 and $807,500; the median is $750,000 and the mean $780,000.

Lowest: $700k$700kLowest10%: $710k20%: $710k20%30%: $715k40%: $740k40%Median: $750k60%: $750k60%70%: $795k80%: $820k80%90%: $890kHighest: $1.04m$1.04mHighest
BedroomsHomesMedian council valueSold, last 12 monthsMedian sale
315$750k2—
41$1.04m0—

Council rating valuations: the council's figure for apportioning rates, not a market appraisal.

Rainbow Avenue compared with Parkvale

Rainbow Avenue's median council value is 17% above Parkvale's.

Rainbow AvenueParkvaleHastings
Median council value$750k$640k$600k
Sold in the last 12 months12.5%5.6%3.5%
Time between sales9.2 yrs10.0 yrs8.2 yrs
Median section850 m²674 m²711 m²
Median year built196019601960
Council value per m² of floor$6k$5k$5k

Rainbow Avenue house prices over time

Median sale price by year; 2026 is the year so far. A year with fewer than two sales has no bar.

2016: too few sales to say (1 sale)2017: too few sales to say (1 sale)20172018: $586k (2 sales)$586k2019: too few sales to say (1 sale)20192020: $683k (2 sales)2021: $1.05m (2 sales)$1.05m20212023: too few sales to say (1 sale)2024: $920k (3 sales)20242025: $720k (2 sales)2026: $790k (2 sales, this year so far)$790k2026
Sales by year as a table
YearSalesMedian pricePer m² floor
20262$790,000$6,370
20252$720,000$5,692
20243$920,000$6,571
20231$760,000$6,179
20212$1,046,000$7,553
20202$682,500$4,060
20191$655,000$3,119
20182$585,669$4,686
20171$503,000$4,024
20161$362,000$2,413

Recent sales on Rainbow Avenue

The homes on Rainbow Avenue

Rainbow Avenue has 16 houses. Most were built in the 1960s (88%).

1950s: 1 (1 home)11950s1960s: 14 (14 homes)141960s2020s: 1 (1 home)12020s

How long owners stay on Rainbow Avenue

Homes on Rainbow Avenue that resold in the last five years had been held a median 9.2 years (Parkvale: 10.0 years).

Time between a home's sales, for 9 resales in the last five years. A home not sold since our records begin is not counted, so owners who stay longest are under-represented.

Sales and valuations as at 11 September 2026, from council and LINZ records. Medians resting on fewer than 3 sales are not shown.