Derby Lake Area
Space and nature
The quick answer
Derby Lake Area is a neighborhood, part of Central Montcalm Public Schools. Homes here typically sell for around $435,000.
2 homes for sale·Median $435K·Walkability 1.8/10·Schools 5.0/10
When you pull up, you're met with wide-open spaces—wooded lots that stretch back from the road, properties tucked into the trees where you can't see the neighbors' houses. This is acreage country, the kind of place where a ten-acre lot is the baseline, and the nearest grocery is a few miles out. There's a coffee shop within walking distance and a restaurant about a nine-minute walk, but the real character here is land: deep lots, forests, and Derby Lake right at the edge of the neighborhood, drawing people who want room to breathe.
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Why people love it here
Lake life
- Derby Lake within walking distance
- 5 parks within 1 mile
- Fred Meijer Heartland Trail: 1 min walk
- Park on Decker Rd: 7 min walk
9.7 acre avg lots
- 252 homes
$435K median
- 3 sales in last 12mo
Conventional Mortgage Calculator
Median home price in Derby Lake Area
Estimated Monthly Payment
$2,953/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.
3 homes sold in Derby Lake Area this year. Thinking of selling?
See what your home is worthFlood Risk
None
Not in flood zone
Nearest Park
Unnamed park
0.4 mi
Parks Nearby
5
within 1 mile
Nearest Lake
Derby Lake
0.0 mi
Median Sale Price
$435K
3 sales in last 12mo
Parks Nearby
5
within 1 mile
Nearest Park
Unnamed park
0.4 mi
Expected Rent
$925/mo
$850 – $1,000 · estimated range
Based on 1 rated school nearby
School District: Central Montcalm Public Schools
Walkability
Car-dependent
Overall walkability score out of 10
Based on actual walk/bike/drive times to nearby amenities via Mapbox
McDonald's
Park on Decker Rd
Playground on 22 Mile Rd
Twin Stone Lakes
Meadow Loop
Fred Meijer Heartland Trail
Crime in Derby Lake Area 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 Derby Lake Area home (around $435,000) at today's 6.65% 30-year fixed rate with 20% down, you'd need roughly $78k/year in household income to qualify — an estimated monthly payment of $2,930 (principal, interest, property tax est., and insurance).
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $2,930/mo | $78,134 |
| 10% (+PMI) | $3,372/mo | $89,931 |
| 5% (+PMI) | $3,521/mo | $93,896 |
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.
Solar potential
~$878/yr in electricity from a typical rooftop solar system
Produces ~6,407 kWh/yr · offsets ~61% of a typical home's use
Utility, solar, and service details for Derby Lake Area 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(1)
Sheridan Village Market
Grocery Store
🍕 Restaurants(2)
Fast Food
🏫 Schools(2)
🚴 Trails(5)
Fred Meijer Heartland Trail
Bike Path
Fred Meijer Heartland Trail
Bike Path
Bike Path
Bike Path
+2 more within 5 miles
👶 Childcare(1)
Hundred Acre Woods Daycare
Childcare Center
🏥 Hospitals(1)
Hospital
Atlas — Grand Rapids Real Estate
Local real estate specialists
Questions about Derby Lake Area? Our team can help with availability, schools, and what it's really like to live here.
Living in Derby Lake Area: the details
Is Derby Lake Area a good place to live?
Derby Lake Area suits buyers looking for room to spread out on larger lots and green space nearby — here is what the data shows. For getting around, it is mostly a drive-first area, so you will use a car for groceries, dining and errands. This neighborhood is part of Central Montcalm Public Schools. The going price is around $435,000.
What does it cost to live in Derby Lake Area?
The median home value in Derby Lake Area is about $435,000. There are 2 homes for sale here right now and 3 homes sold here in the past year.
Frequently asked about Derby Lake Area
- What do homes cost in Derby Lake Area?
- The median home value in Derby Lake Area is about $435,000. Individual prices vary by street, size, and condition.
- How active is the Derby Lake Area housing market?
- there are 2 homes for sale in Derby Lake Area right now, and 3 homes sold here in the last 12 months. Listings refresh throughout the day from the MichRIC MLS.
- What schools serve Derby Lake Area?
- Derby Lake Area is served by Central Montcalm Public Schools. Its highest-rated assigned school is Central Montcalm Middle High School (5/10).
- Is Derby Lake Area walkable?
- Derby Lake Area scores 1.8/10 for walkability — a measure of walking, biking, and driving access to groceries, dining, parks, schools, and transit.
