43 properties · Atawhai, Nelson

Rainbow Drive, Atawhai

Rainbow Drive in Atawhai has 43 properties, valued by the council between $500,000 and $1,060,000 with a median of $720,000 (Atawhai: $820,000). More of its homes were built in the 1960s than in any other decade. We estimate its homes at a median $702,000. 5 sold in the last twelve months, for a median $700,000. The highest sale in 2026 was 11 Rainbow Drive, at $1,075,000.

$720kmedian council valuation
$702kour median estimate
$700kmedian sale, last 12 months · 5 sales
1970median year built
NelsonAtawhai ×Rainbow Drive ×

43 properties on Rainbow Drive, Atawhai

Highest and lowest on Rainbow Drive

Highest-valued home11 Rainbow Drive$1,060,000council valuation · 4 bed · 236 m² floor · 1,045 m² land
Lowest-valued home1/29 Rainbow Drive$500,000council valuation · 2 bed · 100 m² floor
Highest sale in 202611 Rainbow Drive$1,075,000sold 10 Apr 2026 · 4 bed · 236 m² floor · 1,045 m² land

Property values on Rainbow Drive

The council values Rainbow Drive's 41 rated properties between $500,000 and $1,060,000. The middle half sit between about $675,000 and $765,000; the median is $720,000 and the mean $726,585.

Lowest: $500k$500kLowest10%: $620k20%: $660k20%30%: $690k40%: $710k40%Median: $720k60%: $720k60%70%: $750k80%: $780k80%90%: $860kHighest: $1.06m$1.06mHighest
BedroomsHomesMedian council valueSold, last 12 monthsMedian sale
11$710k0—
22$500k0—
321$700k2—
416$760k3$760k
5+1$950k0—

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

Rainbow Drive compared with Atawhai

Rainbow Drive's median council value is 12% below Atawhai's.

Rainbow DriveAtawhaiNelson
Median council value$720k$820k$710k
Median sale, last 12 months$700k$950k$710k
Sold in the last 12 months11.6%4.5%3.6%
Time between sales14.8 yrs10.9 yrs8.8 yrs
Median section817 m²836 m²693 m²
Median year built197019901970
Council value per m² of floor$5k$5k$5k

Rainbow Drive 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: $451k (4 sales)$451k2017: $535k (4 sales)20172018: $530k (2 sales)2019: too few sales to say (1 sale)20192021: $813k (2 sales)2022: too few sales to say (1 sale)20222023: too few sales to say (1 sale)2024: $580k (3 sales)20242025: $837k (2 sales)$837k2026: $730k (4 sales, this year so far)$730k2026
Sales by year as a table
YearSalesMedian pricePer m² floor
20264$730,000$4,845
20252$836,750$4,909
20243$580,000$4,701
20231$740,000$3,895
20221$800,000$5,000
20212$812,500$5,259
20191$584,656$2,923
20182$530,000$4,005
20174$534,500$3,270
20164$451,000$2,913

Recent sales on Rainbow Drive

The homes on Rainbow Drive

Rainbow Drive has 42 houses. More were built in the 1960s than in any other decade (44%).

1930s: 1 (1 home)11930s1950s: 1 (1 home)1950s1960s: 18 (18 homes)181960s1970s: 14 (14 homes)1970s1980s: 2 (2 homes)1980s1990s: 4 (4 homes)1990s2000s: 1 (1 home)12000s

How long owners stay on Rainbow Drive

Homes on Rainbow Drive that resold in the last five years had been held a median 14.8 years (Atawhai: 10.9 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.