Lake Maloy
Solid value in a growing area
Median $260K·Schools 4.7/10
Out here, the whole draw is the water. Lots run from 135 feet of sandy frontage up to over 165 feet, and the newer homes here seem to understand what people want—open floor plans, master suites with views, kitchens big enough to actually live in. You're looking at properties with gentle slopes down to the water's edge and enormous lawns, the kind of outdoor space that doesn't exist crammed into most subdivisions. It's the kind of place where you can actually feel the difference between a weekend place and real escape.
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Why people love it here
$260K median
- Active listings only
Explore Lake Maloy
Same name, different focus — Lake Maloy is also covered as:
- Lake Maloy Lake Area — lake area details
Conventional Mortgage Calculator
Median home price in Lake Maloy
Estimated Monthly Payment
$1,762/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.
Median List Price
$260K
Active listings only
Expected Rent
$1,025/mo
$850 – $1,200 · wider-area estimate
Based on 3 rated schools nearby
Range: 3/10 to 6/10
School District: Evart Public Schools
Crime in Lake Maloy 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 Osceola County.
Osceola County crime & safety stats →To buy a median-priced Lake Maloy home (around $259,500) at today's 6.65% 30-year fixed rate with 20% down, you'd need roughly $47k/year in household income to qualify — an estimated monthly payment of $1,748 (principal, interest, property tax est., and insurance).
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $1,748/mo | $46,611 |
| 10% (+PMI) | $2,012/mo | $53,649 |
| 5% (+PMI) | $2,101/mo | $56,014 |
Estimates use a 6.65% 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.
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Questions about Lake Maloy? Our team can help with availability, schools, and what it's really like to live here.
Frequently asked about Lake Maloy
- What do homes cost in Lake Maloy?
- The median home value in Lake Maloy is about $259,500. Individual prices vary by street, size, and condition.
- How active is the Lake Maloy housing market?
- there are 3 homes for sale in Lake Maloy right now. Listings refresh throughout the day from the MichRIC MLS.
- What schools serve Lake Maloy?
- Lake Maloy is served by Evart Public Schools. Its highest-rated assigned school is Evart Middle School (6/10).