S Peacock Trl & W 40th St Area
Room to spread out, great value
1 home for sale·Median $135K·Walkability 0.5/10·Schools 3.7/10
Out here, your daily rhythm revolves around wide-open space and water access rather than suburban strip-and-stop routines. The area sits on nearly 6,500 acres with lot sizes averaging over 22 acres—so you're dealing with genuine land, mostly wooded, level stretches punctuated by cabins and homes that feel more retreat than residence. Lake Michigan lies right at the edge. The ORV trail system and thousands of acres of federal land nearby mean snowmobiling, hunting, and trail riding are woven into how locals spend their weekends. You've got a quiet lakeside lifestyle without total isolation—Baldwin is just a couple miles away when you need supplies or a restaurant meal. Properties here tend toward smaller, well-maintained cabins and manufactured homes, many with garage space and deck room for the hunting and fishing crowd. Access via US 10 and M-37 keeps you connected even though the feel is decidedly off the beaten path.
Why people love it here
10.8 acre avg lots
- 1,111 homes
$135K median
- 7 sales in last 12mo
Conventional Mortgage Calculator
Median home price in S Peacock Trl & W 40th St Area
Estimated Monthly Payment
$916/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.
7 homes sold in S Peacock Trl & W 40th St Area this year. Thinking of selling?
See what your home is worthMedian Sale Price
$135K
7 sales in last 12mo
Parks Nearby
0
within 1 mile
Nearest Park
Unnamed park
2.2 mi
Based on 3 rated schools nearby
Range: 3/10 to 4/10
School District: Baldwin Community Schools
Walkability
Car-dependent
Overall walkability score out of 10
Based on actual walk/bike/drive times to nearby amenities via Mapbox
Hamlin Lake
Crime in S Peacock Trl & W 40th St 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 Lake County.
Lake County crime & safety stats →To buy a median-priced S Peacock Trl & W 40th St Area home (around $135,000) at today's 6.49% 30-year fixed rate with 20% down, you'd need roughly $24k/year in household income to qualify — an estimated monthly payment of $898 (principal, interest, property tax est., and insurance).
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $898/mo | $23,945 |
| 10% (+PMI) | $1,034/mo | $27,568 |
| 5% (+PMI) | $1,079/mo | $28,779 |
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.
Land for sale
Listings
13 parcels
Active / pending
Typical Land Value
$39K/acre
Median asking
Median Price
$10K
Per listing
Solar potential
~$908/yr in electricity from a typical rooftop solar system
Produces ~6,356 kWh/yr · offsets ~61% of a typical home's use
Utility, solar, and service details for S Peacock Trl & W 40th St 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.
Flood Risk
None
Not in flood zone
Nearest Park
Unnamed park
2.2 mi
Parks Nearby
0
within 1 mile
🍕 Restaurants(4)
Restaurant
Subway
Fast Food
Pompeiis Pizza
Restaurant
Fast Food
🌳 Parks(6)
+3 more within 5 miles
Frequently asked about S Peacock Trl & W 40th St Area
- What do homes cost in S Peacock Trl & W 40th St Area?
- The median home value in S Peacock Trl & W 40th St Area is about $135,000. Individual prices vary by street, size, and condition.
- How active is the S Peacock Trl & W 40th St Area housing market?
- there is 1 home for sale in S Peacock Trl & W 40th St Area right now, and 7 homes sold here in the last 12 months. Listings refresh throughout the day from the MichRIC MLS.
- What schools serve S Peacock Trl & W 40th St Area?
- S Peacock Trl & W 40th St Area is served by Baldwin Community Schools. Its highest-rated assigned school is Baldwin Senior High School (4/10).
- Is S Peacock Trl & W 40th St Area walkable?
- S Peacock Trl & W 40th St Area scores 0.5/10 for walkability — a measure of walking, biking, and driving access to groceries, dining, parks, schools, and transit.