Reeds Lake
Quiet lots near top schools
The quick answer
Reeds Lake is a neighborhood, part of East Grand Rapids Public Schools and about 3 miles from downtown Grand Rapids. Homes here typically sell for around $925,000.
8 homes for sale·Median $925K·Walkability 3.9/10·Schools 8.8/10
The water came first. This is the residential ring around Reeds Lake, a 262-acre all-sports lake about 50 feet deep at the east end of Wealthy Street in the City of East Grand Rapids. In the streetcar era the west shore was Ramona Park — a trolley-line amusement park named in an 1886 newspaper contest after the heroine of a Helen Hunt Jackson novel. For decades people rode horse-drawn tram, steam railroad, and electric interurban out to a Ferris wheel, a carousel, a miniature railway, wooden roller coasters, and the Ramona Gardens dance pavilion. When postwar cars let people travel farther, attendance fell, and in 1954 East Grand Rapids voted to close and raze the park, redeveloping the shoreline into the homes, shops, and parks that fill it now. A Michigan Historical Marker stands where the coasters once ran.
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Why people love it here
Lake life
- Reeds Lake within walking distance
- 35 parks within 1 mile
- Unnamed bike path: 10 min walk
- Albert-Realtors Hall St. Sub. Area Trail: 10 min walk
East Grand Rapids Middle School
- Middle — 0.3 mi away
- East Grand Rapids
- 5 rated schools in district
38,930 sq ft avg lots
- 218 homes
Explore Reeds Lake
Same name, different focus — Reeds Lake is also covered as:
- Reeds Lake Lake Area — lake area details
Conventional Mortgage Calculator
Median home price in Reeds Lake
Estimated Monthly Payment
$6,280/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.
45 homes sold in Reeds Lake this year. Thinking of selling?
See what your home is worthBased on 5 rated schools nearby
Range: 8/10 to 9/10
School District: East Grand Rapids Public Schools
Flood Risk
None
Not in flood zone
Nearest Park
John Collins Park
0.3 mi
Parks Nearby
35
within 1 mile
Nearest Lake
Reeds Lake
0.0 mi
Median Sale Price
$925K
45 sales in last 12mo
Parks Nearby
35
within 1 mile
Nearest Park
John Collins Park
0.3 mi
Expected Rent
$2,350/mo
$2,150 – $2,550 · estimated range
Walkability
Limited
Overall walkability score out of 10
Based on actual walk/bike/drive times to nearby amenities via Mapbox
D&W
Jyoti's Kitchen
+1 more
Starbucks
Big Bob's Pizza
+1 more
John Collins Park
+1 more
Unnamed playground
Fisk Lake
+1 more
Unnamed beach
Reeds Lake Trail
Hillcrest Dog Park
Unnamed bike path
Butterworth Park Launch
The Funky Buddha Yoga Hothouse
Breton/Lake (NB)
+1 more
Rite Aid
KDL - East Grand Rapids
+1 more
daycare
Wealthy Theater
Crime in Reeds 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 East Grand Rapids.
East Grand Rapids crime & safety stats →To buy a median-priced Reeds Lake home (around $925,000) at today's 6.65% 30-year fixed rate with 20% down, you'd need roughly $166k/year in household income to qualify — an estimated monthly payment of $6,231 (principal, interest, property tax est., and insurance).
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $6,231/mo | $166,148 |
| 10% (+PMI) | $7,171/mo | $191,233 |
| 5% (+PMI) | $7,487/mo | $199,664 |
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.
Land for sale
Listings
4 parcels
Active / pending
Typical Land Value
$1.1M/acre
Median asking
Median Price
$1.1M
Per listing
Multifamily for sale
Listings
1 building
Active / pending
Median Price
$480K
Per building
Price Per Unit
$240K
Median
Who actually lends in Reeds Lake, and how homes here are financed — from 2024 federal mortgage records.
Loans to buy a home
Most active lenders
Homeowners refinancing an existing mortgage
Most active lenders
Source: 2024 HMDA (CFPB/FFIEC). Neighborhood figures are area-weighted estimates from census-tract data; loan amounts are rounded and all-cash purchases are excluded.
Local Government · area-wide
City of East Grand Rapids
Source: eastgrmi.gov · unconfirmed
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
~$881/yr in electricity from a typical rooftop solar system
Produces ~6,423 kWh/yr · offsets ~61% of a typical home's use
Municipal / public water
Based on assessor parcel records
Municipal sewer
Based on assessor parcel records
Resident-arranged private hauler (city-listed contractors)
City lists approved trash/lawn contractors; residents arrange.
East Grand Rapids Department of Public Safety
Combined public safety (police/fire), 770 Lakeside Dr SE.
Services for East Grand Rapids · Source: eastgrmi.gov
Utility, solar, and service details for Reeds Lake 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)
D&W Fresh Market
Grocery Store
D&W
Grocery Store
Grocery Store
+26 more within 5 miles
🍕 Restaurants(6)
Jose Babushka's
Restaurant
Bowdie's Chophouse
Restaurant
Pink Piggy
Restaurant
Jyoti's Kitchen
Restaurant
+1 more within 5 miles
☕ Coffee(9)
+6 more within 5 miles
🍺 Bars(7)
Big Bob's Pizza
Bar
Harmony Brewing Company
Pub
Eastown Sports Bar & Grill
Bar
+4 more within 5 miles
🏫 Schools(28)
+23 more within 5 miles
💪 Gyms(15)
Fitness Center
REVfit
Fitness Center
Planet Fitness
Fitness Center
+12 more within 5 miles
🐕 Dog Parks(8)
Hillcrest Dog Park
Dog Park
Dog Park in Celadon New Town Residential
Dog Park
Dog Park in Northeast
Dog Park
+5 more within 5 miles
🚴 Trails(5)
Unnamed bike_path
Bike Path
Bike Path
Bike Path
Hodenpyl Woods Trail
Bike Path
+2 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(11)
+8 more within 5 miles
👶 Childcare(3)
🏥 Hospitals(5)
+2 more within 5 miles
📚 Libraries(10)
+7 more within 5 miles
⚡ EV Charging(4)
Unnamed ev_charging
EV Charging
Unnamed ev_charging
EV Charging
ChargePoint
EV Charging
EV Charging
Atlas — Grand Rapids Real Estate
Local real estate specialists
Questions about Reeds Lake? Our team can help with availability, schools, and what it's really like to live here.
Living in Reeds Lake: the details
Is Reeds Lake a good place to live?
Reeds Lake suits buyers looking for a quick drive to downtown Grand Rapids and room to spread out on larger lots — here is what the data shows. Day to day, it is mostly a drive-first area, so you will use a car for groceries, dining and errands. This neighborhood is part of East Grand Rapids Public Schools. The going price is around $925,000.
What does it cost to live in Reeds Lake?
The median home value in Reeds Lake is about $925,000. There are 8 homes for sale here right now and 45 homes sold here in the past year.
Frequently asked about Reeds Lake
- What do homes cost in Reeds Lake?
- The median home value in Reeds Lake is about $925,000. Individual prices vary by street, size, and condition.
- How active is the Reeds Lake housing market?
- there are 8 homes for sale in Reeds Lake right now, and 45 homes sold here in the last 12 months. Listings refresh throughout the day from the MichRIC MLS.
- What schools serve Reeds Lake?
- Reeds Lake is served by East Grand Rapids Public Schools. Its highest-rated assigned school is East Grand Rapids Middle School (9/10).
- Is Reeds Lake walkable?
- Reeds Lake scores 3.9/10 for walkability — a measure of walking, biking, and driving access to groceries, dining, parks, schools, and transit.
