Parkwood Add. No.5
Solid value in a growing area
Median $309K·Walkability 4.0/10·Schools 4.1/10
Parkwood Add. No.5 is a tight 8-acre subdivision where lots run about a fifth of an acre—the kind of footprint that keeps things compact and walkable, with a restaurant a quick five-minute stroll away and forty-eight more within a mile if you're willing to roam a little farther. The neighborhood feeds into Wyoming Public Schools and sits within the Woodview Plat Area, positioning it roughly ten minutes from downtown Grand Rapids, which means you're close enough to the city without living in it. Homes here hover around $305K, and there's real density of options nearby—thirty grocery stores within two miles, seven parks in the immediate vicinity, and a transit stop five minutes on foot, so you're not exactly roughing it on the suburban fringe.
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Why people love it here
$309K median
- 2 recent sales
Park-rich area
- 35 parks within 1 mile
- Oriole Park: 12 min walk
- 40th street Park: 13 min walk
Conventional Mortgage Calculator
Median home price in Parkwood Add. No.5
Estimated Monthly Payment
$2,094/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.
Recent Sale Price
$309K
2 recent sales
Parcels / Units
30
Median Lot Size
0.19 ac
0.18 ac – 0.30 ac
Expected Rent
$1,125/mo
$975 – $1,250 · wider-area estimate
Flood Risk
None
Not in flood zone
Nearest Park
40th street Park
0.5 mi
Parks Nearby
35
within 1 mile
Walkability
Fair
Overall walkability score out of 10
Based on actual walk/bike/drive times to nearby amenities via Mapbox
Big Top Market
+1 more
Villa Mia Pizza
+1 more
BIGGBY COFFEE
El Rodeo Mexican Sports Bar & Grille
+1 more
Oriole Park
+1 more
Oriole Park Playground
Battjes Lake
+1 more
Georgetown Community Park Beach
Tennyson Drive Southwest
dog_park
Unnamed bike path
Grandville Launch
Anytime Fitness
36th/Robin (EB)
+1 more
Walgreens
KDL Wyoming Branch
Kelloggsville Early Childhood Learning Center
Celebration! Cinema RiverTown Crossings
Based on 7 rated schools nearby
Range: 3/10 to 5/10
School District: Wyoming Public Schools
Crime in Parkwood Add. No.5 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 →To buy a median-priced Parkwood Add. No.5 home (around $308,500) at today's 6.65% 30-year fixed rate with 20% down, you'd need roughly $55k/year in household income to qualify — an estimated monthly payment of $2,078 (principal, interest, property tax est., and insurance).
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $2,078/mo | $55,413 |
| 10% (+PMI) | $2,392/mo | $63,779 |
| 5% (+PMI) | $2,497/mo | $66,591 |
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.
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
~$877/yr in electricity from a typical rooftop solar system
Produces ~6,398 kWh/yr · offsets ~61% of a typical home's use
Resident-arranged private hauler
Garbage supplied by individual contractors to homeowners; city runs yard-waste drop-off.
Wyoming Department of Public Safety (Police)
Police/fire administration merged into Dept of Public Safety in 2014.
Services for Wyoming · Source: wyomingmi.gov
Utility, solar, and service details for Parkwood Add. No.5 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(30)
Barrel House Party Store
Grocery Store
Big Top Market
Grocery Store
Family Fare Supermarket
Grocery Store
+27 more within 5 miles
🍕 Restaurants(9)
Restaurant
Elie’s Ice Cream
Restaurant
Speedy Cafe
Restaurant
Garciastreetdogs
Restaurant
Belkis Bistro Restaurant
Restaurant
+4 more within 5 miles
☕ Coffee(18)
+15 more within 5 miles
🍺 Bars(14)
+11 more within 5 miles
🏫 Schools(26)
Oriole Park Elementary School
School
West Elementary School
School
Holy Trinity School
Wyoming Intermediate School
Gladiola Elementary School
School
+21 more within 5 miles
💪 Gyms(10)
Anytime Fitness
Fitness Center
Transformation Personal Fitness
Fitness Center
Fitness Center
+7 more within 5 miles
🐕 Dog Parks(2)
🚴 Trails(4)
Unnamed bike_path
Bike Path
Bike Path
Bike Path
Chateau Estates Area Trail
Bike Path
+1 more within 5 miles
⛵ Boat Launches(3)
Boat Launch
Boat Launch
Boat Launch
🚌 Transit(30)
Transit Stop
Transit Stop
Transit Stop
+27 more within 5 miles
💊 Pharmacies(12)
+9 more within 5 miles
👶 Childcare(3)
Atlas — Grand Rapids Real Estate
Local real estate specialists
Questions about Parkwood Add. No.5? Our team can help with availability, schools, and what it's really like to live here.
Frequently asked about Parkwood Add. No.5
- What do homes cost in Parkwood Add. No.5?
- The median home value in Parkwood Add. No.5 is about $308,500. Individual prices vary by street, size, and condition.
- How active is the Parkwood Add. No.5 housing market?
- there is 1 home for sale in Parkwood Add. No.5 right now, and 2 homes sold here in the last 12 months. Listings refresh throughout the day from the MichRIC MLS.
- What schools serve Parkwood Add. No.5?
- Parkwood Add. No.5 is served by Wyoming Public Schools. Its highest-rated assigned school is Oriole Park Elementary School (5/10).
- Is Parkwood Add. No.5 walkable?
- Parkwood Add. No.5 scores 4.0/10 for walkability — a measure of walking, biking, and driving access to groceries, dining, parks, schools, and transit.