Banks Lake
Surrounded by nature
Median $815K·Walkability 4.4/10·Schools 6.0/10
This intimate residential area in Kent County spans 140 acres of established neighborhood living, where generous lot sizes averaging about a third of an acre provide residents with meaningful outdoor space and privacy. The community maintains a quiet, residential character that appeals to those seeking a more spacious suburban lifestyle while remaining connected to the broader Grand Rapids area.
Why people love it here
Lake life
- Banks Lake within walking distance
- 13 parks within 1 mile
- SPENCER FOREST: 5 min walk
- Thomas Lake: 7 min bike
$815K median
- Based on 3yr sales
Lake facts
MI DNRMortgage Calculator
Median home price in Banks Lake
Estimated Monthly Payment
$5,533/mo
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. This is not a commitment to lend or an offer of credit. Your actual rate, payment, and costs may vary. Contact a loan officer for a personalized quote.
Guild Mortgage NMLS #3274. Equal Housing Lender. NMLS Consumer Access
Flood Risk
None
Not in flood zone
Nearest Park
SPENCER FOREST
0.4 mi
Parks Nearby
13
within 1 mile
Walkability
Fair
Overall walkability score out of 10
Based on actual walk/bike/drive times to nearby amenities via Mapbox
Walmart Supercenter
Log Cabin Grocery
BIGGBY COFFEE
The Kicks at Bowen Lake
SPENCER FOREST
Tom Hannula Playground
Thomas Lake
+1 more
Unnamed beach
Lincoln Lake Launch
Walgreens
Spencer Township Library
Greeneville Cinema
Based on 1 rated school nearby
School District: Greenville Public Schools
Crime in Banks Lake 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 Kent County.
Kent County crime & safety stats →To buy a median-priced Banks Lake home (around $815,000) at today's 6.43% 30-year fixed rate with 20% down, you'd need roughly $144k/year in household income to qualify — an estimated monthly payment of $5,395 (principal, interest, property tax est., and insurance).
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $5,395/mo | $143,870 |
| 10% (+PMI) | $6,212/mo | $165,657 |
| 5% (+PMI) | $6,485/mo | $172,928 |
Estimates use a 6.43% 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 an APR or a commitment to lend — your actual rate and payment will vary.
Local Government · area-wide
Oakfield Township
Source: oakfieldtwp.org · unconfirmed
Association and local-government details are compiled from public records, municipal sites, and state registries, and can change. Confirm directly with the association or municipality before relying on them.
Solar potential
~$920/yr in electricity from a typical rooftop solar system
Produces ~6,439 kWh/yr · offsets ~61% of a typical home's use
Septic - individual (Scram Lake Sewer in pockets)
Mostly individual septic; Scram Lake Sewer managed by Infrastructure Alternatives in pockets.
Resident-arranged private hauler
Consumers Energy Co|Great Lakes Energy Coop · ~14.3¢/kWh
Service splits by location — other areas may be served by Great Lakes Energy. Confirm by address.
Confirm by addressServices for Oakfield · Source: oakfieldtwp.org
Utility, solar, and service details for Banks Lake are compiled from public records, municipal sites, and NREL / U.S. data.gov, and can change. Electric/gas can vary by address — confirm with the provider before relying on them.
🛒 Grocery(3)
🍕 Restaurants(9)
Log Cabin Grocery
Restaurant
Fast Food
+4 more within 5 miles
☕ Coffee(1)
Biggby Coffee
Café
🍺 Bars(4)
The Kicks at Bowen Lake
Bar
The Links at Bowen Lake Golf Course and Restaurant
Bar
Harvard Tavern
Bar
+1 more within 5 miles
🏫 Schools(8)
Satterlee School
Greenville High School
School
Baldwin Heights School
St. Charles Catholic School
+3 more within 5 miles
🌳 Parks(6)
+3 more within 5 miles
⛵ Boat Launches(2)
Boat Launch
Boat Launch
💊 Pharmacies(1)
Walgreens
Pharmacy
🏥 Hospitals(1)
Hospital
📚 Libraries(2)
Spencer Township Library
Frequently asked about Banks Lake
- What do homes cost in Banks Lake?
- The median home value in Banks Lake is about $815,000. Individual prices vary by street, size, and condition.
- What schools serve Banks Lake?
- Banks Lake is served by Greenville Public Schools. Its highest-rated assigned school is Lincoln Heights Elementary School (6/10).
- Is Banks Lake walkable?
- Banks Lake scores 4.4/10 for walkability — a measure of walking, biking, and driving access to groceries, dining, parks, schools, and transit.
Top contributors in Banks Lake
Detailed statistics are being computed for this location. Demographics, home values, schools, flood risk, and more will appear here automatically.