Derby Lake
Surrounded by nature
Median $209K·Walkability 1.5/10·Schools 5.0/10
Why people love it here
Lake life
- Derby Lake within walking distance
- 5 parks within 1 mile
- Derby Lake Public Access: 9 min bike
- Derby Lake: 12 min bike
$209K median
- 1 recent sale
Lake facts
MI DNRConventional Mortgage Calculator
Median home price in Derby Lake
Estimated Monthly Payment
$1,419/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.
Nearest Park
Derby Lake Public Access
0.5 mi
Parks Nearby
5
within 1 mile
Based on 1 rated school nearby
School District: Central Montcalm Public Schools
Walkability
Car-dependent
Overall walkability score out of 10
Based on actual walk/bike/drive times to nearby amenities via Mapbox
Derby Lake Public Access
Derby Lake
Meadow Loop
Crime in Derby 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 Montcalm County.
Montcalm County crime & safety stats →To buy a median-priced Derby Lake home (around $209,000) at today's 6.49% 30-year fixed rate with 20% down, you'd need roughly $37k/year in household income to qualify — an estimated monthly payment of $1,390 (principal, interest, property tax est., and insurance).
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $1,390/mo | $37,070 |
| 10% (+PMI) | $1,600/mo | $42,679 |
| 5% (+PMI) | $1,671/mo | $44,555 |
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.
Solar potential
~$878/yr in electricity from a typical rooftop solar system
Produces ~6,402 kWh/yr · offsets ~61% of a typical home's use
Utility, solar, and service details for Derby 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.
🍕 Restaurants(2)
Fast Food
🏫 Schools(2)
🌳 Parks(6)
+3 more within 5 miles
🚴 Trails(6)
Fred Meijer Heartland Trail
Bike Path
Fred Meijer Heartland Trail
Bike Path
Fred Meijer Heartland Trail
Bike Path
+3 more within 5 miles
👶 Childcare(1)
Hundred Acre Woods Daycare
Childcare Center
🏥 Hospitals(1)
Hospital
Frequently asked about Derby Lake
- What do homes cost in Derby Lake?
- The median home value in Derby Lake is about $209,000. Individual prices vary by street, size, and condition.
- How active is the Derby Lake housing market?
- there are 2 homes for sale in Derby Lake right now, and 1 home sold here in the last 12 months. Listings refresh throughout the day from the MichRIC MLS.
- What schools serve Derby Lake?
- Derby Lake is served by Central Montcalm Public Schools. Its highest-rated assigned school is Central Montcalm Middle High School (5/10).
- Is Derby Lake walkable?
- Derby Lake scores 1.5/10 for walkability — a measure of walking, biking, and driving access to groceries, dining, parks, schools, and transit.
Top contributors in Derby Lake
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