Housing data for Bancroft, MI
Bancroft, MI has an estimated 469 residents and 200 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a village in Shiawassee County.
29.0% of households rent.
The median gross rent is $944 a month.
Figures last updated on .
- Residents
- 469 (±136)
- Housing units
- 200 (±50)
- Households that rent
- 29.0%
- Median gross rent
- $944
- Residents since 2015–2019
- −1.7%
What stands out in Bancroft
Renters paying 30% or more of income: 12.7% (±16.2 points) in Bancroft, lower than in Shiawassee County (46.6%).
Working from home: 2.9% (±2.5 points) in Bancroft, lower than in Shiawassee County (8.3%).
Households without a vehicle: 1.7% (±2.2 points) in Bancroft, lower than in Shiawassee County (5.6%).
Median home value: $135,600 (±$33,253) in Bancroft, lower than in Shiawassee County ($171,600).
Housing in Bancroft at a glance
- Median rent: $944 median gross rent a month (Small sample: wide margin of error)
- Rent by bedrooms: $800 median gross rent, 2 bedrooms (Small sample: wide margin of error)
- Rent burden: 12.7% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 29.0% of households rent (Small sample: wide margin of error)
- Income and affordability: $90,000 median household income (Small sample: wide margin of error)
- Home values: $135,600 median home value
- Homeowner costs: $1,234 median monthly cost with a mortgage
- Property taxes: $1,786 median real estate taxes a year
- Types of homes: 0.0% of homes are in buildings of 5 or more units
- Bedrooms: 79.0% of homes have 3 or more bedrooms (Small sample: wide margin of error)
- Age of homes: 89.5% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 79.0% heat with utility gas (Small sample: wide margin of error)
- Commute and cars: 34.1 minutes average trip to work
- Crime reported to police: 0 violent crimes per 100,000 residents (Small sample: wide margin of error)
- Growth: −1.7% residents since 2015–2019 (Small sample: wide margin of error)
- How long people stay: 11.4% moved in since 2020 (Small sample: wide margin of error)
- Crowding and facilities: 3.4% of homes have more than 1 person per room (Small sample: wide margin of error)
Bancroft against Shiawassee County, its state and the nation
| Bancroft | Shiawassee County | Michigan | United States | |
|---|---|---|---|---|
| Residents | 469 (±136) | 67,991 (exact) | 10,077,761 (exact) | 334,922,499 |
| Housing units | 200 (±50) | 30,354 (±100) | 4,622,236 (±795) | 143,775,355 |
| Households that rent | 29.0% (±16.0 points) | 19.9% (±1.4 points) | 26.8% (±0.2 points) | 34.8% |
| Median gross rent | $944 (±$41) | $899 (±$51) | $1,129 (±$4) | $1,413 |
| Median household income | $90,000 (±$51,872) | $67,404 (±$2,587) | $72,875 (±$293) | $80,734 |
| Median home value | $135,600 (±$33,253) | $171,600 (±$3,537) | $231,600 (±$642) | $332,700 |
| Median real estate taxes (a year) | $1,786 (±$321) | $2,251 (±$62) | $2,904 (±$9) | $3,119 |
| Built before 1980 | 89.5% (±20.2 points) | 70.4% (±2.9 points) | 62.1% (±0.2 points) | 49.7% |
| Average commute | 34.1 minutes (±5.8) | 27.8 minutes (±0.9) | 24.2 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 96.6% (±3.0 points) | 88.5% (±1.2 points) | 90.5% (±0.1 points) | 91.0% |
| Median age of residents | 34.8 years (±6.0) | 43.2 years (±0.3) | 40.2 years (±0.1) | 38.9 years |
Bancroft covers 0.5 square miles of land, about 869 residents per square mile (Census Bureau Gazetteer).
How Bancroft has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 477 (±96) | 469 (±136) | −1.7% | Not a measurable change |
| Housing units | 204 (±36) | 200 (±50) | −2.0% | Not a measurable change |
| Median gross rent | $719 (±$244) | $944 (±$41) | +31.3% | No measurable change after inflation |
| Median home value | $84,200 (±$6,946) | $135,600 (±$33,253) | +61.0% | No measurable change after inflation |
| Median household income | $48,750 (±$19,978) | $90,000 (±$51,872) | +84.6% | No measurable change after inflation |
| Median owner cost with a mortgage | $942 (±$60) | $1,234 (±$189) | +31.0% | No measurable change after inflation |
| Median real estate taxes | $1,338 (±$108) | $1,786 (±$321) | +33.5% | No measurable change after inflation |
| Households that rent | 29.7% (±11.6 points) | 29.0% (±16.0 points) | −0.7 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±36.2 points) | 0.0% (±39.9 points) | 0.0 percentage points | Not a measurable change |
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.
Crime reported to police in Bancroft
In 2024, the Bancroft Police Department reported 0 violent and 418 property crimes per 100,000 residents to the FBI.
Places near Bancroft
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Antrim Township | 4.0 mi | $1,600 | $230,300 | 9.1% |
| Vernon | 4.6 mi | $1,250 | $133,400 | 5.1% |
| Durand | 4.6 mi | $851 | $140,300 | 27.7% |
| Burns Township | 5.3 mi | $1,359 | $236,200 | 8.1% |
| Vernon Township (Shiawassee County) | 5.8 mi | $927 | $169,400 | 7.1% |
| Morrice | 6.6 mi | $1,010 | $121,900 | 8.4% |
| Byron | 7.1 mi | $980 | $165,400 | 15.5% |
| Corunna | 7.8 mi | $932 | $151,000 | 45.7% |
Places in Michigan most like Bancroft
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Mendon | $1,007 | $142,900 | $82,292 | 14.6% |
| Britton | $788 | $161,100 | $86,250 | 17.0% |
| Medina Township | $1,102 | $165,000 | $72,266 | 19.7% |
| Bellevue | $991 | $118,100 | $63,750 | 21.9% |
| Marine City | $944 | $159,800 | $67,683 | 19.3% |
| Fairfield Township (Shiawassee County) | $921 | $192,900 | $78,750 | 13.2% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Michigan.
HUD Fair Market Rent for Bancroft, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $798 | $829 | $1,085 | $1,457 | $1,644 |
HUD income limits for Bancroft, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $18,450 | $30,700 | $49,100 |
| 2 people | $21,640 | $35,050 | $56,100 |
| 3 people | $27,320 | $39,450 | $63,100 |
| 4 people | $33,000 | $43,800 | $70,100 |
| 5 people | $38,680 | $47,350 | $75,750 |
| 6 people | $44,360 | $50,850 | $81,350 |
| 7 people | $50,040 | $54,350 | $86,950 |
| 8 people | $55,720 | $57,850 | $92,550 |
These are the limits HUD sets for its housing programs in the Shiawassee County, MI, where HUD’s median family income for fiscal year 2026 is $87,600.
A program can use its own limits; tax-credit and local programs often do.
Bancroft lies inside Shiawassee Township, whose figures include it, so it is ranked only against places like it.
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
What is the average home value in Bancroft, MI?
The Census Bureau publishes the median: $135,600 (±$33,253) for owner-occupied homes in Bancroft (2020–2024 American Community Survey).
What is the average mortgage payment in Bancroft?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Bancroft, MI is $1,234 (±$189) a month, including taxes, insurance and utilities.
How much are property taxes in Bancroft?
The median real estate tax paid by homeowners in Bancroft, MI is $1,786 (±$321) a year (2020–2024 American Community Survey).
How many homes are in Bancroft?
Bancroft, MI has an estimated 200 (±50) housing units, occupied and vacant (2020–2024 American Community Survey).
How old are most homes in Bancroft?
89.5% of homes in Bancroft, MI were built before 1980 (2020–2024 American Community Survey).
How long is the average commute in Bancroft?
Workers who live in Bancroft, MI take an average of 34.1 minutes each way (2020–2024 American Community Survey).
Is Bancroft growing?
In Bancroft, the number of residents went from 477 in 2015–2019 to 469 in 2020–2024 (−1.7%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Bancroft village, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Bancroft village, Michigan
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Bancroft village, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Bancroft village, Michigan
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Bancroft village, Michigan
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Bancroft village, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Bancroft village, Michigan
- HUD Fair Market Rents, fiscal year 2027: Shiawassee County, MI
- HUD Income Limits, fiscal year 2026: Shiawassee County, MI
- FBI Uniform Crime Reporting Program, Crime Data Explorer: Bancroft Police Department (ORI MI7823000)
- FBI: Uniform Crime Reporting statistics and their proper use
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
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) for Bancroft village, Michigan (place:05080, in state:26).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
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 .