Cherry/Lake/Diamond
Urban energy, solid value
Median $344K·Walkability 7.7/10·Schools 4.0/10
So you've got this stretch wedged right between the two big shopping and dining corridors—Wealthy Street and Cherry Street—with Eastown and the East Hills district just a block or two away. The homes around here are real character pieces, mostly historic brick and stained glass from the early 1900s, and the whole vibe is walkable; you're literally a minute's walk from breweries like Brewery Vivant and Greenwell, plus a decent rotation of restaurants and local spots that keep the sidewalks moving. The neighborhood has seen some genuine reinvestment—people are finishing basements, updating kitchens, preserving those original hardwood floors and arched doorways—and it's become one of Grand Rapids's hottest blocks. You're close enough to downtown that the medical mile and GRCC are a short drive, but far enough removed that you get that quieter, tree-lined residential feel. It's the kind of place where older homes actually make sense because the infrastructure and foot traffic are already there.
Why people love it here
Walkability
Good
Overall walkability score out of 10
Based on actual walk/bike/drive times to nearby amenities via Mapbox
$344K median
- 12 sales in last 12mo
Congress Elementary
- Elementary — 0.2 mi away
- Grand Rapids
- 9 rated schools in district
Park-rich area
- 105 parks within 1 mile
- Congress Park: 4 min walk
- Unnamed bike path: 11 min bike
Conventional Mortgage Calculator
Median home price in Cherry/Lake/Diamond
Estimated Monthly Payment
$2,335/mo
Property tax and insurance are estimates you can edit — not a quote. Tap either figure to enter your own.
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. Your actual rate, payment, and costs may vary. Contact a loan officer for a personalized quote.
Guild Mortgage NMLS #3274. Equal Housing Opportunity. NMLS Consumer Access. Not a commitment to lend. All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.
12 homes sold in Cherry/Lake/Diamond this year. Thinking of selling?
See what your home is worthWealthy Market
Sidedoor Sammies
Kava Kasa
Vivant Brewery & Spirits
+1 more
Congress Park
Unnamed playground
Fisk Lake
Unnamed beach
Grand Rapids Riverwalk East
Hillcrest Dog Park
Unnamed bike path
Butterworth Park Launch
The Funky Buddha Yoga Hothouse
+1 more
Cherry/Eastern (WB)
+1 more
CVS Pharmacy
Grand Rapids Public Library
+1 more
daycare
Wealthy Theater
Based on 33 rated schools nearby
Range: 1/10 to 8/10
School District: Grand Rapids Public Schools
Crime in Cherry/Lake/Diamond 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 Grand Rapids.
Grand Rapids crime & safety stats →To buy a median-priced Cherry/Lake/Diamond home (around $344,000) at today's 6.49% 30-year fixed rate with 20% down, you'd need roughly $61k/year in household income to qualify — an estimated monthly payment of $2,288 (principal, interest, property tax est., and insurance).
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $2,288/mo | $61,014 |
| 10% (+PMI) | $2,634/mo | $70,247 |
| 5% (+PMI) | $2,750/mo | $73,334 |
Estimates use a 6.49% 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 a commitment to lend, and not an APR — your actual rate and payment will vary.
Multifamily for sale
Listings
4 buildings
Active / pending
Median Price
$362K
Per building
Price Per Unit
$156K
Median
Who actually lends in Cherry/Lake/Diamond, and how homes here are financed — from 2024 federal mortgage records.
Loans to buy a home
Most active lenders
Source: 2024 HMDA (CFPB/FFIEC). Neighborhood figures are area-weighted estimates from census-tract data; loan amounts are rounded and all-cash purchases are excluded.
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
~$868/yr in electricity from a typical rooftop solar system
Produces ~6,334 kWh/yr · offsets ~60% of a typical home's use
City of Grand Rapids Water System
Regional water provider serving ~280,000 across Kent and Ottawa counties.
City of Grand Rapids Environmental Services (Water Resource Recovery Facility)
WRRF treats ~40 MGD of wastewater.
City of Grand Rapids Refuse & Recycling
City-run refuse/recycling cart program for residents.
Consumers Energy Co · ~13.7¢/kWh
Investor-owned utility serving the region.
Confirm by addressDTE Energy
DTE Gas serves much of Grand Rapids natural gas; verify by address.
Confirm by addressServices for Grand Rapids · Source: grandrapidsmi.gov
Utility, solar, and service details for Cherry/Lake/Diamond 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.
Nearest Park
Congress Park
0.1 mi
Parks Nearby
105
within 1 mile
🛒 Grocery(30)
Wealthy Market
Grocery Store
Family Fare Supermarket
Grocery Store
Grocery Store
+27 more within 5 miles
🍕 Restaurants(7)
Sidedoor Sammies
Restaurant
Restaurant
Partage
Restaurant
Grove
Restaurant
Greenwell
Restaurant
+2 more within 5 miles
☕ Coffee(13)
+10 more within 5 miles
🍺 Bars(18)
+15 more within 5 miles
🏫 Schools(30)
Blodgett School
Congress Elementary School
School
Henry School
Southeast Career Pathways (2025)
Grand Rapids Learning Center
+25 more within 5 miles
💪 Gyms(14)
Fitness Center
REVfit
Fitness Center
Communitea Wellness
Fitness Center
+11 more within 5 miles
🐕 Dog Parks(9)
Hillcrest Dog Park
Dog Park
Downtown Westside Dog Park
Dog Park
Dog Park in Northeast
Dog Park
+6 more within 5 miles
🚴 Trails(5)
Belknap Lookout Trail
Bike Path
Bike Path
Bike Path
Grandville Trail
Bike Path
+2 more within 5 miles
⛵ Boat Launches(2)
Boat Launch
Boat Launch
🚌 Transit(30)
Transit Stop
Transit Stop
Transit Stop
+27 more within 5 miles
💊 Pharmacies(14)
+11 more within 5 miles
👶 Childcare(2)
📚 Libraries(12)
+9 more within 5 miles
Frequently asked about Cherry/Lake/Diamond
- What do homes cost in Cherry/Lake/Diamond?
- The median home value in Cherry/Lake/Diamond is about $344,000. Individual prices vary by street, size, and condition.
- How active is the Cherry/Lake/Diamond housing market?
- there are 5 homes for sale in Cherry/Lake/Diamond right now, and 12 homes sold here in the last 12 months. Listings refresh throughout the day from the MichRIC MLS.
- What schools serve Cherry/Lake/Diamond?
- Cherry/Lake/Diamond is served by Grand Rapids Public Schools. Its highest-rated assigned school is Congress Elementary (8/10).
- Is Cherry/Lake/Diamond walkable?
- Cherry/Lake/Diamond scores 7.7/10 for walkability — a measure of walking, biking, and driving access to groceries, dining, parks, schools, and transit.
Top contributors in Cherry/Lake/Diamond
Detailed statistics are being computed for this location. Demographics, home values, schools, flood risk, and more will appear here automatically.