What percentage of people rent in Bancroft, IA?
24.5% (±7.5 points) of the occupied homes in Bancroft, IA are rented (2020–2024 American Community Survey).
That is 69 renting households against 213 that own their home.
In Bancroft, the share of households that rent went from 33.2% in 2015–2019 to 24.5% in 2020–2024 (−8.7 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 24.5% (±7.5 points)
- Renting households
- 69 (±23)
- Median renter income
- $36,250 (±$9,504)
Who rents and who owns in Bancroft
| Bancroft | Kossuth County | Iowa | United States | |
|---|---|---|---|---|
| Renter-occupied share | 24.5% (±7.5 points) | 21.4% (±3.0 points) | 28.3% (±0.3 points) | 34.8% |
| Renting households | 69 (±23) | 1,399 (±203) | 372,311 (±3,635) | 45,017,354 |
| Owning households | 213 (±43) | 5,144 (±211) | 943,396 (±5,414) | 84,210,142 |
| Average renter household size | 1.8 (±0.4) | 2.0 (±0.2) | 2.0 (±0.0) | 2.3 |
| Average owner household size | 2.2 (±0.3) | 2.2 (±0.1) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $36,250 (±$9,504) | $44,710 (±$7,519) | $43,297 (±$758) | $52,966 |
| Median owner household income | $73,295 (±$21,223) | $76,327 (±$5,675) | $91,638 (±$512) | $100,009 |
In Bancroft, the renter share is not measurably different from Kossuth County (21.4%).
It is not measurably different from Iowa (28.3%).
It is lower than the national figure (34.8%).
In Kossuth County, Bancroft ranks 3 of 12 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 315 of 943.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Bancroft has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 33.2% (±8.2 points) | 24.5% (±7.5 points) | −8.7 percentage points | Not a measurable change |
| Median gross rent | $535 (±$59) | $725 (±$282) | +35.5% | No measurable change after inflation |
| Median household income | $42,083 (±$7,083) | $60,000 (±$16,548) | +42.6% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Bancroft
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Bancroft | — | 24.5% (±7.5 points) | — |
| Burt | 6.5 mi | 10.8% (±6.1 points) | Lower |
| Lone Rock | 7.4 mi | 7.8% (±9.6 points) | Lower |
| Swea City | 7.8 mi | 30.5% (±9.5 points) | Not measurably different |
| Lakota | 8.5 mi | 22.8% (±16.0 points) | Not measurably different |
| Ledyard | 9.2 mi | 10.8% (±11.8 points) | Not measurably different |
| Titonka | 9.7 mi | 7.7% (±4.6 points) | Lower |
| Fenton | 12 mi | 9.0% (±6.4 points) | Lower |
| Algona | 15 mi | 31.1% (±6.6 points) | Not measurably different |
Nearby places with a measurably lower figure: Burt, IA (10.8%), Lone Rock, IA (7.8%), Titonka, IA (7.7%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Kossuth County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Algona | 31.1% (±6.6 points) |
| 2 | Swea City | 30.5% (±9.5 points) |
| 3 | Bancroft | 24.5% (±7.5 points) |
| 4 | Lakota | 22.8% (±16.0 points) |
| 5 | Lu Verne | 22.2% (±13.9 points) |
| 6 | Whittemore | 13.3% (±7.6 points) |
| 7 | Wesley | 11.2% (±7.6 points) |
| 8 (tie) | Burt | 10.8% (±6.1 points) |
| 8 (tie) | Ledyard | 10.8% (±11.8 points) |
Showing 9 of 12 places in Kossuth County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Bancroft
How many renters are there in Bancroft?
Bancroft has an estimated 69 (±23) renting households, 24.5% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Bancroft?
In Bancroft, the share of households that rent went from 33.2% in 2015–2019 to 24.5% in 2020–2024 (−8.7 percentage points), not a measurable change.
How big are renting households in Bancroft?
A renting household in Bancroft has 1.8 people on average, against 2.2 in an owned home.
How much do renters earn in Bancroft?
The median renting household in Bancroft, IA has an income of $36,250 (±$9,504) a year, against $73,295 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Bancroft city, Iowa
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Bancroft city, Iowa
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Bancroft city, Iowa
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Bancroft city, Iowa
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Bancroft city, Iowa
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Bancroft city, Iowa (place:04420, in state:19).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Bancroft at a glance
- Income and affordability in Bancroft
- Home values in Bancroft
- Homeowner costs in Bancroft
- Property taxes in Bancroft
- Types of homes in Bancroft
- Bedrooms in Bancroft
- Age of homes in Bancroft
- Heating fuel in Bancroft
- Commute and cars in Bancroft
- How long people stay in Bancroft
- Iowa landlord and tenant rules
- Housing across Kossuth County
- Iowa places ranked by share of renters
- Housing data for every place in Iowa