Prospect Lofts Condominium
Walkable and connected
Median $220K·Walkability 6.6/10·Schools 4.2/10
Golden hour hits Prospect Lofts just right—when the brick facades of Heritage Hill glow warm and the street quiets down enough to hear the pigeons. You're standing in one of the largest historic districts in the country, surrounded by nearly every architectural style America ever invented, from Greek Revival to Frank Lloyd Wright's Prairie houses. The Meyer May House sits a few blocks over. Downtown Grand Rapids is two and a half minutes away by car, but you don't need the car for much—a restaurant is a three-minute walk, coffee is four minutes, and the nearest transit stop is literally steps away. There are five hundred fifty-eight restaurants within a mile. Crescent Park, one of thirty-one parks nearby, is six minutes on foot.
Why people love it here
Very walkable
- Lyon/Lafayette (WB): 2 min walk
- 22 places within a 10 min walk
Grand Rapids Montessori Academy
- School — 0.2 mi away
- Grand Rapids
- 9 rated schools in district
Park-rich area
- 155 parks within 1 mile
- Belknap Lookout Trail: 7 min walk
- Unnamed bike path: 7 min walk
Conventional Mortgage Calculator
Median home price in Prospect Lofts Condominium
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.
Walkability
Good
Overall walkability score out of 10
Based on actual walk/bike/drive times to nearby amenities via Mapbox
Gorden Food Service
McDonald's
+1 more
333 Cafe
+1 more
Duke's
+1 more
Crescent Park
+1 more
Unnamed playground
Fisk Lake
+1 more
Unnamed beach
Grand Rapids Riverwalk East
Downtown Westside Dog Park
Belknap Lookout Trail
Butterworth Park Launch
+1 more
REVfit
+1 more
Lyon/Lafayette (WB)
+1 more
Walgreens Pharmacy
Grand Rapids Public Library
+1 more
daycare
Celebration Cinema Studio Park
+1 more
Based on 33 rated schools nearby
Range: 1/10 to 8/10
School District: Grand Rapids Public Schools
Flood Risk
None
Not in flood zone
Nearest Park
Crescent Park
0.3 mi
Parks Nearby
155
within 1 mile
Crime in Prospect Lofts Condominium 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 Prospect Lofts Condominium 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.
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 Prospect Lofts Condominium 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)
Gorden Food Service
Grocery Store
Grocery Store
Meijer
Grocery Store
+27 more within 5 miles
🍕 Restaurants(13)
Fast Food
The Raider Grille
Restaurant
Restaurant
Heritage Restaurant
Restaurant
+8 more within 5 miles
☕ Coffee(16)
+13 more within 5 miles
🍺 Bars(18)
+15 more within 5 miles
🏫 Schools(30)
Grand Rapids Public School
Grand Rapids Learning Center
Coit Creative Arts Academy
Eastern School
Vandenberg School
+25 more within 5 miles
💪 Gyms(13)
REVfit
Fitness Center
Communitea Wellness
Fitness Center
8th Day Gym
Fitness Center
+10 more within 5 miles
🌳 Parks(6)
+3 more within 5 miles
🐕 Dog Parks(9)
Downtown Westside Dog Park
Dog Park
Hillcrest Dog Park
Dog Park
Dog Park in Northeast
Dog Park
+6 more within 5 miles
🚴 Trails(6)
Belknap Lookout Trail
Bike Path
Bike Path
Bike Path
Fish Ladder Park Trail
Bike Path
+3 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)
+11 more within 5 miles
👶 Childcare(2)
📚 Libraries(13)
+10 more within 5 miles
⚡ EV Charging(4)
Unnamed ev_charging
EV Charging
Unnamed ev_charging
EV Charging
EV Charging
Frequently asked about Prospect Lofts Condominium
- What do homes cost in Prospect Lofts Condominium?
- The median home value in Prospect Lofts Condominium is about $220,000. Individual prices vary by street, size, and condition.
- How active is the Prospect Lofts Condominium housing market?
- there is 1 home for sale in Prospect Lofts Condominium right now, and 2 homes sold here in the last 12 months. Listings refresh throughout the day from the MichRIC MLS.
- What schools serve Prospect Lofts Condominium?
- Prospect Lofts Condominium is served by Grand Rapids Public Schools. Its highest-rated assigned school is Center for Economicology (8/10).
- Is Prospect Lofts Condominium walkable?
- Prospect Lofts Condominium scores 6.6/10 for walkability — a measure of walking, biking, and driving access to groceries, dining, parks, schools, and transit.