Monroe Terrace Condominiums
Strong schools draw families here
Median $337K·Walkability 6.2/10·Schools 4.2/10
If you're making the drive to Monroe Terrace, know this upfront: you're buying location and view more than sprawl. The condos sit on a hilltop in Belknap Lookout, that neighborhood perched 160 feet above downtown Grand Rapids, and the vistas justify the elevation—downtown spreads out below like something you'd normally need a plane ticket to see. Homes here run around $439K, and while the buildings themselves are modest, the real estate is the bluff. You're minutes from restaurants and coffee shops (literally steps), with 462 dining options within a mile and transit stops equally close. Downtown is 2.7 minutes away, which means you can be at your desk faster than you can order a second coffee.
Why people love it here
City MiddleHigh
- High — 1.4 mi away
- Grand Rapids
- 9 rated schools in district
Park-rich area
- 130 parks within 1 mile
- Sixth Street Park: 3 min walk
- Grand Rapids Riverwalk East: 3 min walk
Very walkable
- Skate Park (CCW): 0 min walk
- 24 places within a 10 min walk
Conventional Mortgage Calculator
Median home price in Monroe Terrace Condominiums
Estimated Monthly Payment
$2,290/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.
4 homes sold in Monroe Terrace Condominiums this year. Thinking of selling?
See what your home is worthBased on 32 rated schools nearby
Range: 1/10 to 8/10
School District: Grand Rapids Public Schools
Flood Risk
None
Not in flood zone
Nearest Park
Sixth Street Park
0.1 mi
Parks Nearby
130
within 1 mile
Walkability
Good
Overall walkability score out of 10
Based on actual walk/bike/drive times to nearby amenities via Mapbox
Boardwalk Subs
Noodlepig
+1 more
Sweetwaters Coffee & Tea Monroe North
+1 more
Speakez Lounge
+1 more
Sixth Street Park
+1 more
Canal Street Park Playground
Fisk Lake
+1 more
Lamberton Lake Fen Nature Preserve Beach
Grand Rapids Riverwalk East
Downtown Westside Dog Park
+1 more
Fish Ladder Park Trail
Comstock Riverside Park Launch
+1 more
8th Day Gym
Skate Park (CCW)
+1 more
Walgreens
Grand Rapids Public Library
+1 more
daycare
Celebration Cinema Studio Park
+1 more
Crime in Monroe Terrace Condominiums 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 Kent County.
Kent County crime & safety stats →Median Sale Price
$337K
4 sales in last 12mo
Units
36
Complex Size
0.50 ac
36 units
To buy a median-priced Monroe Terrace Condominiums home (around $337,250) at today's 6.49% 30-year fixed rate with 20% down, you'd need roughly $60k/year in household income to qualify — an estimated monthly payment of $2,243 (principal, interest, property tax est., and insurance).
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $2,243/mo | $59,817 |
| 10% (+PMI) | $2,583/mo | $68,868 |
| 5% (+PMI) | $2,696/mo | $71,895 |
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.
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 Monroe Terrace Condominiums 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.
🛒 Grocery(29)
Meijer
Grocery Store
Grocery Store
Boardwalk Subs
Grocery Store
+26 more within 5 miles
🍕 Restaurants(7)
Jimmy John's
Restaurant
Restaurant
The Chicago Beef Joint
Restaurant
Restaurant
+2 more within 5 miles
🍺 Bars(17)
+14 more within 5 miles
🏫 Schools(30)
Coit Creative Arts Academy
Saint Marys School
School
Turner School
Saint Adalberts School
+25 more within 5 miles
💪 Gyms(13)
Communitea Wellness
Fitness Center
The Loading Dock
Fitness Center
8th Day Gym
Fitness Center
+10 more within 5 miles
🌳 Parks(4)
+1 more within 5 miles
🐕 Dog Parks(9)
Downtown Westside Dog Park
Dog Park
Hillcrest Dog Park
Dog Park
Covell Dog Park
Dog Park
+6 more within 5 miles
🚴 Trails(4)
Fish Ladder Park Trail
Bike Path
Bike Path
Bike Path
Unnamed bike_path
Bike Path
+1 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)
Walgreens
Pharmacy
Walker Street Pharmacy
Pharmacy
Walgreens Pharmacy
Pharmacy
+11 more within 5 miles
👶 Childcare(2)
📚 Libraries(12)
+9 more within 5 miles
⚡ EV Charging(4)
Unnamed ev_charging
EV Charging
Unnamed ev_charging
EV Charging
EV Charging
Frequently asked about Monroe Terrace Condominiums
- What do homes cost in Monroe Terrace Condominiums?
- The median home value in Monroe Terrace Condominiums is about $337,250. Individual prices vary by street, size, and condition.
- How active is the Monroe Terrace Condominiums housing market?
- no homes are listed in Monroe Terrace Condominiums right now, and 4 homes sold here in the last 12 months. Listings refresh throughout the day from the MichRIC MLS.
- What schools serve Monroe Terrace Condominiums?
- Monroe Terrace Condominiums is served by Grand Rapids Public Schools. Its highest-rated assigned school is City MiddleHigh (8/10).
- Is Monroe Terrace Condominiums walkable?
- Monroe Terrace Condominiums scores 6.2/10 for walkability — a measure of walking, biking, and driving access to groceries, dining, parks, schools, and transit.