E 72nd St & S Lakola Rd Area
Solid value in a growing area
Median $220K·Walkability 0.0/10·Schools 6.0/10
Out here you're looking at genuine country acreage—properties routinely sit on multiple acres with pond views, pole barns, and enough room to actually breathe. The listings tell the story: log homes on five acres, farmhouses with hobby farm setups, detached garages and outbuildings that let you do whatever you want with the land. Recent updates are common (new roofs, furnaces, wells in 2022), which suggests people are actually investing in staying put rather than flipping. It's about a mile and a half to Hungerford Lake Recreation Area if you want a day out, and town is close enough that you're not completely isolated—but far enough that the countryside views feel genuine, not suburban. The trade-off is real: nearest restaurants and coffee are a couple miles away, so you're meal-planning and making your own coffee most mornings. But that's the point. This is where you come when you want land, privacy, and the kind of quiet that doesn't require an HOA to enforce it.
Why people love it here
$220K median
- Based on 3yr sales
Conventional Mortgage Calculator
Median home price in E 72nd St & S Lakola Rd Area
Estimated Monthly Payment
$1,494/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.
Based on 3 rated schools nearby
Range: 5/10 to 7/10
School District: Reed City Area Public Schools
Walkability
Car-dependent
Overall walkability score out of 10
Based on actual walk/bike/drive times to nearby amenities via Mapbox
Lake No Sho Mo
Crime in E 72nd St & S Lakola Rd Area 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 Lake County.
Lake County crime & safety stats →To buy a median-priced E 72nd St & S Lakola Rd Area home (around $220,000) at today's 6.49% 30-year fixed rate with 20% down, you'd need roughly $39k/year in household income to qualify — an estimated monthly payment of $1,463 (principal, interest, property tax est., and insurance).
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $1,463/mo | $39,021 |
| 10% (+PMI) | $1,685/mo | $44,925 |
| 5% (+PMI) | $1,759/mo | $46,900 |
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
~$892/yr in electricity from a typical rooftop solar system
Produces ~6,240 kWh/yr · offsets ~59% of a typical home's use
Utility, solar, and service details for E 72nd St & S Lakola Rd Area 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.
Flood Risk
None
Not in flood zone
Nearest Park
The Old School Ground
3.1 mi
Parks Nearby
0
within 1 mile
🍕 Restaurants(6)
+1 more within 5 miles
☕ Coffee(1)
The Bridge Coffee Shop
Café
🍺 Bars(1)
🌳 Parks(5)
+2 more within 5 miles
Frequently asked about E 72nd St & S Lakola Rd Area
- What do homes cost in E 72nd St & S Lakola Rd Area?
- The median home value in E 72nd St & S Lakola Rd Area is about $220,000. Individual prices vary by street, size, and condition.
- What schools serve E 72nd St & S Lakola Rd Area?
- E 72nd St & S Lakola Rd Area is served by Reed City Area Public Schools. Its highest-rated assigned school is GT Norman Elementary School (7/10).
- Is E 72nd St & S Lakola Rd Area walkable?
- E 72nd St & S Lakola Rd Area scores 0.0/10 for walkability — a measure of walking, biking, and driving access to groceries, dining, parks, schools, and transit.
Top contributors in E 72nd St & S Lakola Rd Area
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