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  1. Home
  2. /Browse ZIP Codes
  3. /Michigan
  4. /Bancroft, MI - 48414

Bancroft, MI—48414

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$220,000
3.7% YoY Growth
Household Income
$66,100
14.9% YoY Growth
Days on Market
87
140.0% Longer YoY
Home Price Forecast
2.5%
Median 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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Bancroft, MI

As of May '26, the median home price in Bancroft, MI is $220,000, with a year-over-year change of 3.7%. This indicates that home prices in Bancroft, MI are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$220,0003.7%
Single Family $235,0003.1%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
  • N/A
    N/A
    2 Bed
    N/AN/A
    3 Bed
    $243,0004.3%
    4 Bed
    N/AN/A
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    1 Bedroom
    2.2%
    2 Bedrooms
    19.4%
    3 Bedrooms
    59.6%
    4 Bedrooms
    16.6%
    5+ Bedrooms
    2.2%

    Rental Trends — Bancroft, MI

    Bancroft, MI lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
    Loading chart...

    % of Rental Stock

    1 Bedroom
    18.5%
    2 Bedrooms
    29.6%
    3 Bedrooms
    19.8%
    4 Bedrooms
    32.1%

    Property Listings — Bancroft, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Bancroft, MI is 87. This is a increase of 140.0% 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 100.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    $250,00065.0%
    Listing Count
    4-40.0%
    Listings as % of Homes0.7%-40.0%
    Days on Market
    87140.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % Change
    Population
    2,8205.5%
    % Under 18
    25.8%5.3%
    % Seniors
    15.9%-3.0%
    % WFH
    3.4%-53.4%
    % w/ College Degree
    21.0%76.5%
    Loading chart...

    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

    MetricLatest Census5-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%
    Loading chart...

    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

    MetricZip 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%
    Loading chart...
    Loading chart...

    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$720
    2 BedroomN/AN/A$950
    3 BedroomN/AN/A$1,270
    4 BedroomN/AN/A$1,380

    Affordability — Bancroft, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.9
    Median Home Price$220,000
    Median Household Income$66,100

    Bancroft, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    48857

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    Frequently Asked Questions