Terrace Homes at Town Square
Great schools with outdoor access
Median $415K·Walkability 6.7/10·Schools 8.7/10
Terrace Homes at Town Square sits on three acres in the Rockford area, with downtown Grand Rapids about 23 minutes away by car and Gerald R. Ford International Airport roughly half an hour north. The condo community itself is built around a town center concept—you'll find a grocery within a two-minute walk and restaurants practically on your doorstep, with about two dozen dining options within a mile. Town Square park is a short stroll away, and Lake Bella Vista sits less than a mile out if you're looking for water access. Homes here run around $415,000 and are constructed in stone and vinyl, spread across the development's modest footprint.
Why people love it here
Near the water
- Lake Bella Vista — 0.6 mi
- 5 parks within 1 mile
- Town Square: 2 min walk
- Cannon Trail: 7 min walk
Crestwood Elementary School
- Elementary — 2.4 mi away
- Rockford
- 5 rated schools in district
Very walkable
- Town Square: 2 min walk
- 13 places within a 10 min walk
Conventional Mortgage Calculator
Median home price in Terrace Homes at Town Square
Estimated Monthly Payment
$2,817/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.
5 homes sold in Terrace Homes at Town Square this year. Thinking of selling?
See what your home is worthBased on 7 rated schools nearby
Range: 8/10 to 10/10
School District: Rockford Public Schools
Flood Risk
None
Not in flood zone
Nearest Park
Town Square
0.1 mi
Parks Nearby
5
within 1 mile
Nearest Lake
Lake Bella Vista
0.6 mi
Walkability
Good
Overall walkability score out of 10
Based on actual walk/bike/drive times to nearby amenities via Mapbox
Ric's Food Center
+1 more
Meltworks
+1 more
Biggby Coffee
Timbers Inn Restaurant & Tavern
+1 more
Town Square
+1 more
Unnamed playground
Silver Lake
+1 more
Unnamed beach
Cannon Trail
Unnamed bike_path
Rogue River Mouth Launch
+1 more
gym
Walgreens
Krause Memorial Library
Northstar Cinema
Crime in Terrace Homes at Town Square 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 Terrace Homes at Town Square home (around $415,000) at today's 6.49% 30-year fixed rate with 20% down, you'd need roughly $74k/year in household income to qualify — an estimated monthly payment of $2,760 (principal, interest, property tax est., and insurance).
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $2,760/mo | $73,608 |
| 10% (+PMI) | $3,178/mo | $84,745 |
| 5% (+PMI) | $3,318/mo | $88,470 |
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
~$880/yr in electricity from a typical rooftop solar system
Produces ~6,416 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
Services for Cannon · Source: NREL Utility Rates API
Utility, solar, and service details for Terrace Homes at Town Square 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(6)
+3 more within 5 miles
🍕 Restaurants(14)
Meltworks
Restaurant
Pizzeria Grande
Restaurant
Timber's Inn
Restaurant
Vitale's Pizza
Restaurant
+9 more within 5 miles
☕ Coffee(13)
+10 more within 5 miles
🍺 Bars(16)
+13 more within 5 miles
🏫 Schools(8)
Lakes School
Crestwood School
East Rockford Middle School
School
Moffitt Hill School
+3 more within 5 miles
💪 Gyms(3)
Fitness Center on Unnamed
Fitness Center
Fitness Center
MVP Fitness
Fitness Center
🚴 Trails(4)
Unnamed bike_path
Bike Path
Bike Path
Bike Path
Rockford Village Builders Plat Area Trail
Bike Path
+1 more within 5 miles
⛵ Boat Launches(2)
Boat Launch
Boat Launch
📚 Libraries(1)
Krause Memorial Library
Frequently asked about Terrace Homes at Town Square
- What do homes cost in Terrace Homes at Town Square?
- The median home value in Terrace Homes at Town Square is about $415,000. Individual prices vary by street, size, and condition.
- How active is the Terrace Homes at Town Square housing market?
- no homes are listed in Terrace Homes at Town Square right now, and 5 homes sold here in the last 12 months. Listings refresh throughout the day from the MichRIC MLS.
- What schools serve Terrace Homes at Town Square?
- Terrace Homes at Town Square is served by Rockford Public Schools. Its highest-rated assigned school is Crestwood Elementary School (9/10).
- Is Terrace Homes at Town Square walkable?
- Terrace Homes at Town Square scores 6.7/10 for walkability — a measure of walking, biking, and driving access to groceries, dining, parks, schools, and transit.