Martell'S Point Rainbow Lake
Great schools with outdoor access
Median $367K·Schools 6.7/10
Mornings out here start with water—whether you're looking at it from your deck or loading up a boat for an afternoon on the lake. This stretch sits on the west shore of Rainbow Lake, an all-sports lake where sandy beaches and 60+ feet of frontage come standard. Homes range from cozy year-round cottages to recently remodeled ranch-style places, many rebuilt or updated within the last two decades. About 45 minutes from Grand Rapids and 15 minutes from Greenville, the area bridges small-town living and reasonable access to bigger towns. The public boat launch is a short walk away, and Woodbeck Lake sits just a tenth of a mile off—enough water and quiet that you don't feel rushed to leave.
Why people love it here
Lake life
- Rainbow Lake within walking distance
- 5 parks within 1 mile
Lakeview Elementary School
- Elementary — 7.7 mi away
- Lakeview Community Schools (Montcalm)
- 3 rated schools in district
$367K median
- Based on 3yr sales
Mortgage Calculator
Median home price in Martell'S Point Rainbow Lake
Estimated Monthly Payment
$2,491/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
Rainbow Lake Public Access
0.7 mi
Parks Nearby
5
within 1 mile
Nearest Lake
Rainbow Lake
0.1 mi
Based on 3 rated schools nearby
Range: 5/10 to 9/10
School District: Lakeview Community Schools (Montcalm)
Crime in Martell'S Point Rainbow 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 Martell'S Point Rainbow Lake home (around $367,000) at today's 6.43% 30-year fixed rate with 20% down, you'd need roughly $65k/year in household income to qualify — an estimated monthly payment of $2,429 (principal, interest, property tax est., and insurance).
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $2,429/mo | $64,786 |
| 10% (+PMI) | $2,797/mo | $74,596 |
| 5% (+PMI) | $2,920/mo | $77,871 |
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.
Frequently asked about Martell'S Point Rainbow Lake
- What do homes cost in Martell'S Point Rainbow Lake?
- The median home value in Martell'S Point Rainbow Lake is about $367,000. Individual prices vary by street, size, and condition.
- What schools serve Martell'S Point Rainbow Lake?
- Martell'S Point Rainbow Lake is served by Lakeview Community Schools (Montcalm). Its highest-rated assigned school is Lakeview Elementary School (9/10).
Top contributors in Martell'S Point Rainbow Lake
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