Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 43.4 yrs |
|---|---|
| Avg HH Size | 2.55 |
| Below Poverty | 11.0% ▲ 10% above avg |
| College Grads | 37.8% ≈ Avg |
| Unemployment | 4.5% ▼ 8% below avg |
| No HS Diploma | 20 (1.1%) |
| HS Graduate | 537 (29.4%) |
| Some College | 380 (20.8%) |
| Associates | 200 (10.9%) |
| Bachelors | 298 (16.3%) |
| Graduate Degree | 392 (21.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $66,071 ▼ 13% below avg |
|---|---|
| Median Home Value | $182,800 ▼ 34% below avg |
| Home/Income Ratio | 2.8x (nat avg ~3.5x) |
| Median Rent | $892/mo |
| Total Housing Units | 1,162 |
| Vacant Units | 56 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Bancroft is a city in Michigan, located in Shiawassee County. The city spans 1 ZIP code and is home to approximately 2,824 residents. It is a middle-aged city, with a median age of 43.4 years.
Economically, Bancroft is a solidly middle-class community. The median household income of $66,071 is near the national average. Approximately 11.0% of residents live below the poverty line. The unemployment rate is 4.5%, near the national average.
The real estate market in Bancroft is an affordable housing market. Median home values stand at $182,800, which is below the national average. Renters typically pay around $892 per month. Homeownership is high at 92.7%, typical of suburban and family-oriented communities.
The population of Bancroft is moderately educated. 37.8% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (90.3%).
Bancroft, MI offers residents a cost-conscious lifestyle within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 48414 | 2,824 | $66,071 | $182,800 | $892 | 4.5% | 37.8% | 92.7% |