Bancroft, MI—48414
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bancroft, MI
As of Oct '25, the median home price in Bancroft, MI is $204,000, with a year-over-year change of 1.7%. This indicates that home prices in Bancroft, MI are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $204,000 | 1.7% |
| Single Family | $217,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $230,000 | 1.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bancroft, MI
Bancroft, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bancroft, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Bancroft, MI is 44. This is a increase of 114.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $356,000 | 98.0% |
Listing Count | 8 | 250.0% |
| Listings as % of Homes | 0.7% | 250.0% |
Days on Market | 44 | 114.0% |
Demographics — Bancroft, MI
As of the latest ACS Survey released in 2023, Bancroft, MI has a population of 2,820, which has increased by 5.5% over the past 5 years. Bancroft, MI is a popular place for families, as children make up 25.8% of the population. The area has a poorly educated workforce, with 21.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,820 | 5.5% |
% Under 18 | 25.8% | 5.3% |
% Seniors | 15.9% | -3.0% |
% WFH | 3.4% | -53.4% |
% w/ College Degree | 21.0% | 76.5% |
As of the latest ACS Survey released in 2023, Bancroft, MI is a predominantly white area, with 90.3% of the population identifying as white. The white population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in Bancroft, MI is hispanic, making up 1.0% of the population. Foreign-born residents account for 0.7% of the population in Bancroft, MI, and this percentage has increased by 16.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.3% | -4.8% |
% Black | 0.4% | ∞% |
% Hispanic | 1.0% | -75.6% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.7% | 16.7% |
Mortgage and Risk — Bancroft, MI
According to HUD data as of 2023, there were 74 mortgage originations in Bancroft, MI, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Bancroft, MI. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 74 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Bancroft, MI
Bancroft, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $720 |
| 2 Bedroom | N/A | N/A | $950 |
| 3 Bedroom | N/A | N/A | $1,270 |
| 4 Bedroom | N/A | N/A | $1,380 |
Affordability — Bancroft, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $204,000 |
| Median Household Income | $66,100 |