[1] Today, Lake Chaffee is surrounded by a high-density area of houses which overlook the water.

The houses are part of the Lake Chaffee census-designated place for statistical purposes.

Swimming, fishing, canoeing, kayaking and skating are popular activities on the lake.

[1] Lake Chaffee is an excellent fishery, with a healthy population of largemouth bass, black crappie, chain pickerel, and yellow perch.

[2] Lake Chaffee is home to abundant aquatic vegetation, which occasionally must be harvested to enable recreational activities.