Studio Park Condominium
Solid value in a growing area
Median $800K·Walkability 6.9/10·Schools 4.0/10
Studio Park sits right in the heart of the action, surrounded by the brick warehouses and creative energy of the Heartside arts district. You're steps from Division Avenue's galleries and studios, with breweries, music venues, and the Downtown Market practically on your doorstep. Downtown Grand Rapids is literally a minute and a half away by car, and the neighborhood itself is dense enough that you can walk to coffee, dinner, or a transit stop without thinking twice. The four-acre development anchors itself around Studio Park Piazza, with thirty-one parks within a mile—plenty of green space even in one of the city's most urban neighborhoods.
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Why people love it here
$62K median household income
- $800K median · 1 recent sale
- 55% owner-occupied
Very walkable
- Celebration Cinema Studio Park: 0 min walk
- 35 places within a 10 min walk
Grand Rapids Montessori Academy
- School — 0.8 mi away
- Grand Rapids
- 9 rated schools in district
Conventional Mortgage Calculator
Median home price in Studio Park Condominium
Estimated Monthly Payment
$5,431/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
$800K
1 recent sale
Units
7
Complex Size
3.9 ac
7 units
Median Income
$62K
Household
Expected Rent
$1,725/mo
$1,525 – $1,925 · estimated range
Walkability
Good
Overall walkability score out of 10
Based on actual walk/bike/drive times to nearby amenities via Mapbox
Franklin Big Save Liquor
Detrabajo
+1 more
Starbucks Pick-Up
123 Bar
+1 more
Studio Park Piazza
+1 more
Unnamed playground
Fisk Lake
+1 more
Millennium Park Beach
Grand Rapids Riverwalk West
Downtown Westside Dog Park
+1 more
Unnamed bike path
Butterworth Park Launch
8th Day Gym
+1 more
Cherry/Ottawa (WB)
+1 more
CVS Pharmacy
+1 more
Grand Rapids Public Library
+1 more
daycare
Celebration Cinema Studio Park
+1 more
Based on 35 rated schools nearby
Range: 1/10 to 8/10
School District: Grand Rapids Public Schools
Crime in Studio Park 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 Studio Park Condominium home (around $800,000) at today's 6.67% 30-year fixed rate with 20% down, you'd need roughly $144k/year in household income to qualify — an estimated monthly payment of $5,397 (principal, interest, property tax est., and insurance).
The typical Studio Park Condominium household earns $61,634 — about $82,287 below what the median home requires, which is why many local buyers look below $800,000 or put more down. At that income, a buyer can afford roughly $343,000 with 20% down.
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $5,397/mo | $143,921 |
| 10% (+PMI) | $6,212/mo | $165,645 |
| 5% (+PMI) | $6,486/mo | $172,951 |
Estimates use a 6.67% 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
Municipal / public water
Based on assessor parcel records
Municipal sewer
Based on assessor parcel records
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 Studio Park 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.
Median Income
$62K
Home Value (Census)
$204K
Owner Occupied
54.51%
45.49% renter
Expected Rent
$1,725/mo
$1,525 – $1,925 · estimated range
College Degree
39.29%
Bachelor's+
Commute
22.2 min
Median
Flood Risk
None
Not in flood zone
Nearest Park
Studio Park Piazza
0.0 mi
Parks Nearby
155
within 1 mile
🛒 Grocery(30)
Franklin Big Save Liquor
Grocery Store
A & B Grocery
Grocery Store
919 Party Store
Grocery Store
+27 more within 5 miles
🍕 Restaurants(8)
Detrabajo
Restaurant
Vel Sushi and Pho
Restaurant
The Caribbean Bite
Restaurant
Leo's On Tap
Restaurant
Leo's Coney Island on Tap
Restaurant
+3 more within 5 miles
☕ Coffee(13)
+10 more within 5 miles
🍺 Bars(7)
+4 more within 5 miles
🏫 Schools(30)
Vandenberg School
Maplewood School
Grand Rapids Learning Center
Lexington
Lexington School
+25 more within 5 miles
💪 Gyms(9)
8th Day Gym
Fitness Center
Fitness Center
REVfit
Fitness Center
+6 more within 5 miles
🐕 Dog Parks(9)
Downtown Westside Dog Park
Dog Park
Hillcrest Dog Park
Dog Park
Wyoming Dog Park Dog Park
Dog Park
+6 more within 5 miles
🚴 Trails(3)
⛵ Boat Launches(3)
Boat Launch
Boat Launch
Boat Launch
🚌 Transit(29)
Transit Stop
Transit Stop
Transit Stop
+26 more within 5 miles
💊 Pharmacies(12)
Walgreens Pharmacy
Pharmacy
Walgreens
Pharmacy
Walker Street Pharmacy
Pharmacy
+9 more within 5 miles
👶 Childcare(2)
📚 Libraries(12)
+9 more within 5 miles
⚡ EV Charging(4)
Unnamed ev_charging
EV Charging
Unnamed ev_charging
EV Charging
EV Charging
Atlas — Grand Rapids Real Estate
Local real estate specialists
Questions about Studio Park Condominium? Our team can help with availability, schools, and what it's really like to live here.
Frequently asked about Studio Park Condominium
- What do homes cost in Studio Park Condominium?
- The median home value in Studio Park Condominium is about $800,000. Individual prices vary by street, size, and condition.
- How active is the Studio Park Condominium housing market?
- there are 2 homes for sale in Studio Park Condominium right now, and 1 home sold here in the last 12 months. Listings refresh throughout the day from the MichRIC MLS.
- What schools serve Studio Park Condominium?
- Studio Park Condominium is served by Grand Rapids Public Schools. Its highest-rated assigned school is City MiddleHigh (8/10).
- Is Studio Park Condominium walkable?
- Studio Park Condominium scores 6.9/10 for walkability — a measure of walking, biking, and driving access to groceries, dining, parks, schools, and transit.