245 Rainbow Drive NELancaster, OH 43130

1/78 Fullscreen

$425,000 Active

3 beds 2 full baths 1,888 sqft

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Listed By

Agency Name: Rock House Realty LLC
Agency Phone: 614-245-8267
Agent Name: Sarah Claypool

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

Property Description

Set on nearly 1.5 acres just outside the city limits, this charming brick ranch offers the perfect blend of privacy, space, and convenience. Built in 1965 with an addition completed in 1996, the home features 3 bedrooms and 2 full baths and is ready for a new owner to bring it back to life.While the home is in need of updates, it has great bones and solid construction, providing an ideal foundation for your personal vision. With its classic brick exterior and generous lot, this property offers endless potential to become a true showstopper with the right design touches.Enjoy the peace and seclusion of a country setting while staying just minutes from shopping, dining, and everyday amenities. Whether you're dreaming of a cozy retreat or a beautifully renovated ranch to call home, this property invites you to create something truly special.

245 Rainbow Drive NE | MLS# 226000542

This single family home located at 245 Rainbow Drive NE, Lancaster, OH 43130 is currently listed for sale with an asking price of $425,000. This property was built in 1965 and has 3 bedrooms and 2 full baths with 1888 sq. ft. Rainbow Drive NE is located within the LANCASTER CITY school district. Search Lancaster real estate on 15ontariotrail.cutlerhomes.com today.

Property Features

Property Type: Residential - Single Family

Basement: Full

Basement: Yes

Cooling: Central Air

Days on Market: 67

Fireplaces: 2

Garage: 2 car attached

Heating: Heat Pump

Home Style: Ranch

Lot Size: 1.48 Acres

Taxes: $3,898

Year Built: 1965

Feature Descriptions

Exterior: Brick, Vinyl Siding

Fireplace: Two

Flooring: Wood, Carpet, Vinyl

Parcel #: 02-70038-900

Parking: Attached Garage

Windows: Insulated All

Local Schools

School District: LANCASTER CITY

Market Trends

Fairfield County Residential Market Trend Graphs

Zip Code 43130

Source: Delta Media Group, Inc.

Demographics

Fairfield County Demographic Information for 245 Rainbow Drive NE, Lancaster, OH 43130

Fips

Fips Code 39045

Population

2020 to 2023 Change up 4.1%

2010 Count 146,156

2020 Count 158,921

2023 Estimate (V2023) 165,360

2020 Estimate (V2023) 158,908

Age Distribution (Years Old)

0 to 4 5.7%

5 to 17 23.6%

18 to 64 53.9%

65 and Older 16.8%

Gender

Male 50.0%

Female 50.0%

Place of Birth

Foreign 4.1%

US 95.9%

Education

High School Graduate, Age 25+ 93.9%

Bachelor's Degree or Higher, Age 25+ 31.1%

Computer and Internet use

Households with a computer 94.5%

Households with a broadband Internet subscription 89.2%

Language

English is Second Language, Age 5+ 5.0%

English is First Language, Age 5+ 95.0%

Veterans

Veterans 9,179

Income

Per Capita Income $38,783

Median Household Income $82,969

People in Poverty 8.8%

Commute

Average Work Commute Time 28 minutes

Housing

Total Housing Units 64,207

Households 58,723

Average Household Size 2.66

Owner-Occupied 74.9%

Multi-Family 15.4%

Owner-Occupied Median Value $247,800

Median selected monthly owner costs -with a mortgage $1,599

Median selected monthly owner costs -without a mortgage $613

Median gross rent $1,042

Building Permits

New Private Housing Issued 2023 439

Years at Residence

1 Year or More 88.7%

Less Than 1 Year 11.3%

Business and Employment

Private non-farm Establishments 2,737

Private non-farm Employment 35,677

Private non-farm Employment Growth down 1.0%

Nonemployer Establishments 12,265

Number of Firms 11,556

Business Production

Value of Shipments $1,121,644,000

Wholesale Trade $0

Retail Trade $1,966,556,000

Retail Sales Per Capita $11,384

Accommodation and Food Services $252,325,000

Land

Land Area 504.41 sq. miles

Population Per Square Mile 290

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 2,522.37 per month $2,073.58 Principal & Interest $324.83 Property Tax $123.96 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/15/2026. The listing information on this page last changed on 03/15/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 03/15/2026 10:47:11 AM EST) or Dayton MLS (last updated Sun 03/15/2026 10:46:37 AM EST) or CBRMLS (last updated Sun 03/15/2026 10:45:19 AM EST) or Multiple Listing Service of Greater Cincinnati (last updated Sun 03/15/2026 10:42:43 AM EST) or NKY MLS (last updated Sun 03/15/2026 10:39:07 AM EST) or Wrist MLS (last updated Sun 03/15/2026 10:44:37 AM EST) or Firelands MLS (last updated Sun 03/15/2026 10:11:27 AM EST) or MLS NOW (last updated Sun 03/15/2026 10:44:13 AM EST). Real estate listings held by brokerage firms other than Cutler Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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