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Planned Unit Development (Pud)Residential
$1,390,986$359 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 95How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026

505 RAINBOW LN

MIDWAY, UT 84049
0
Baths
3,876 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.45 ac
Lot SizeThe size of the land the home sits on, from county records.
1995
Year BuiltThe year the home was originally built, according to county records.

Valuation

$1.4M
$1.3M low$1.5M high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$6,023 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$1,188,380 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$200,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$988,380
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$1,188,380
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$1,188,380

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.19 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Planned Unit Development (Pud)
StyleThe architectural style of the home, such as ranch or colonial.Contemporary
CountyWasatch
Lot (acres)The size of the land the home sits on, from county records.0.45
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Gas
FireplaceWhether the home has a fireplace, and what kind.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(4)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Foreclosure Filings(2)

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Midway Elementary SchoolA+
Elementary · Grades KG–5 · 1.1 mi
M
Rocky Mountain Middle SchoolB+
Middle · Grades 6–8 · 3.4 mi
H
Wasatch High SchoolB+
High · Grades 9–12 · 4.3 mi

District: Wasatch School District

Neighborhood · ZIP 84049These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.100
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.99
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.175

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.71%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.39%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.2.7%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.9%
PopulationHow many people live in this area.6,817
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.87 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$131,030
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$185,477
Average tempThe average temperature here across a full year.43°F
Annual precipHow much rain and melted snow falls here in a typical year.31 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.66%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

505 Rainbow Ln measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 72% of homes in Midway 84049
  • Costs less per square foot than 87% of homes in Wasatch County
  • Bigger than 92% of homes in Wasatch County
  • Older than 74% of homes in Wasatch County

What homes are worth in Midway 84049

Each bar is how many homes fall in that price range. The marker is this home.

This home
$388K$5.9M

This home is worth more than 72% of homes in Midway 84049.

How it measures up in Midway 84049

The dot is this home. The mark in the middle is the typical home in Midway 84049.

Estimated value$1,390,986
CheaperTypical $1,054,770Pricier

Pricier than 72% of homes nearby

Price per ft²$359
CheaperTypical $486Pricier

Pricier than 17% of homes nearby

Living area3,876 ft²
SmallerTypical 2,223 ft²Bigger

Bigger than 88% of homes nearby

Lot size0.45 ac
SmallerTypical 0.35 acBigger

Bigger than 59% of homes nearby

Year built1995
OlderTypical 2004Newer

Newer than 36% of homes nearby

How 505 Rainbow Ln ranks against every home in each area.
MeasureThis homeMidway 84049Wasatch County
Estimated valuepricier than$1,390,98672% of homes71% of homes
Price per ft²pricier than$35917% of homes13% of homes
Living areabigger than3,876 ft²88% of homes92% of homes
Lot sizebigger than0.45 ac59% of homes63% of homes
Year builtnewer than199536% of homes26% of homes

About 505 Rainbow Ln

How much is 505 Rainbow Ln, Midway, UT worth?

The TopHap Estimate for 505 Rainbow Ln, Midway, UT is $1,390,986 as of Sep 24, 2026. The likely range is $1,321,503 to $1,460,469. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 505 Rainbow Ln, Midway, UT last sell?

505 Rainbow Ln, Midway, UT last sold on May 5, 2025, according to the county's recorded deed.

How big is 505 Rainbow Ln, Midway, UT?

505 Rainbow Ln, Midway, UT has 3,876 square feet of living space and a 0.45-acre lot.

When was 505 Rainbow Ln, Midway, UT built?

505 Rainbow Ln, Midway, UT was built in 1995, making it 31 years old. It is a contemporary home.

What schools serve 505 Rainbow Ln, Midway, UT?

505 Rainbow Ln, Midway, UT is assigned to Midway Elementary School (elementary), rated A+; Rocky Mountain Middle School (middle), rated B+; Wasatch High School (high), rated B+. All sit in Wasatch School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 505 Rainbow Ln, Midway, UT compare to other homes in Midway 84049?

Among the 3,748 homes in Midway 84049, it is worth more than 72% of them ($1,390,986 against a typical $1,054,770), its price per square foot is higher than 17% of them ($359 against a typical $486), it is bigger than 88% of them (3,876 ft² against a typical 2,223 ft²), its lot is bigger than 59% of them (0.45 ac against a typical 0.35 ac) and it is newer than 36% of them (1995 against a typical 2004). Measured against all of Wasatch County, it is worth more than 71% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 505 Rainbow Ln, Midway, UT?

The 2025 property tax bill for 505 Rainbow Ln, Midway, UT was $6,023. The county assessed it at $1,188,380.

More homes on Rainbow Ln

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