Population 3,303 · Census ACS 2020–24
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Population and households in Bancroft
Household size in Bancroft
| Period | Bancroft | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.15 | 2.58 | 2.52 | 2.68 |
| 2010–14 | 2.29 | 2.61 | 2.54 | 2.73 |
| 2015–19 | 2.31 | 2.63 | 2.55 | 2.71 |
| 2020–24 | 2.39 | 2.58 | 2.52 | 2.65 |
| Change | +0.24 | −0.00 | +0.00 | −0.03 |
Bancroft is a place of small households, averaging 2.39 people against 2.65 for the U.S., which points to many singles, couples and roommates and relatively few children. Household size has climbed from 2.15 in 2006–10, but in a place this small, much of that may be survey noise rather than real change.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Bancroft
| Period | Bancroft | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 37.4 | 36.8 | 37.9 | 37.7 |
| 2010–14 | 34.1 | 37.8 | 38.9 | 38.6 |
| 2015–19 | 36.7 | 38.6 | 39.6 | 39.6 |
| 2020–24 | 36.3 | 39.2 | 40.0 | 40.1 |
| Change | −1.2 | +2.5 | +2.1 | +2.3 |
Bancroft is younger than the country as a whole: its median age is 36.3, against 40.1 nationally.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Bancroft
| Period | Bancroft | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 13.2% | 10.2% | 9.9% | 12.3% |
| 2010–14 | 8.1% | 10.6% | 10.2% | 12.3% |
| 2015–19 | 8.0% | 9.9% | 9.7% | 11.6% |
| 2020–24 | 11.1% | 9.8% | 9.6% | 11.6% |
| Change | −2.0 pts | −0.4 pts | −0.3 pts | −0.6 pts |
Single-parent households are about as common in Bancroft as they are nationally: 11.1%, against 11.6%. Single parents are more common here than in the wider Minneapolis area (9.8%).
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Bancroft
Renters in Bancroft
| Period | Bancroft | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 18.1% | 27.3% | 25.8% | 33.3% |
| 2010–14 | 23.0% | 29.6% | 27.9% | 35.6% |
| 2015–19 | 24.7% | 30.0% | 28.4% | 36.0% |
| 2020–24 | 29.0% | 29.3% | 27.8% | 34.8% |
| Change | +10.9 pts | +2.0 pts | +2.0 pts | +1.5 pts |
Nearly three in ten households in Bancroft rent their homes (29.0%), a little below the national share of 34.8%; the rest own. That is in line with the rest of the Minneapolis area. About a quarter of owners (24.9%) have paid off their mortgages, well below the national share of 39.8%.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Bancroft
| Period | Bancroft | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 8.0% | 7.0% | 9.2% | 11.4% |
| 2010–14 | 5.4% | 6.2% | 9.0% | 11.4% |
| 2015–19 | 4.0% | 5.5% | 8.7% | 11.1% |
| 2020–24 | 6.0% | 5.7% | 8.3% | 9.6% |
| Change | −2.0 pts | −1.3 pts | −0.9 pts | −1.8 pts |
Vacancy is on the low side in Bancroft: 6.0% of homes sit empty, against 9.6% nationally, which points to steady demand for housing. The Minneapolis area as a whole looks much the same.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Bancroft
| Period | Bancroft | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 1943 | 1975 | 1973 | 1974 |
| 2010–14 | 1942 | 1976 | 1974 | 1975 |
| 2015–19 | 1943 | 1977 | 1975 | 1977 |
| 2020–24 | 1942 | 1980 | 1978 | 1980 |
| Change | −1 | +4 | +5 | +6 |
Bancroft is a place of older homes: half were built before 1942, while the national median is 1980. That means established neighborhoods, and more houses that may need updating.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Bancroft
| Period | Bancroft | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | $1,027 | $1,007 | $882 | $965 |
| 2010–14 | $1,155 | $1,077 | $953 | $1,040 |
| 2015–19 | $1,052 | $1,258 | $1,099 | $1,213 |
| 2020–24 | $1,482 | $1,603 | $1,404 | $1,571 |
| Change | +$455 | +$597 | +$522 | +$606 |
The median renter in Bancroft pays $1,482 a month for rent and utilities, below the national median of $1,571. Rent takes 26.6% of the typical renter's income, comfortably under the 30% mark often used to define affordable rent.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Bancroft
Bachelor's degrees in Bancroft
| Period | Bancroft | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 35.2% | 37.2% | 32.1% | 28.4% |
| 2010–14 | 42.7% | 39.1% | 33.7% | 29.6% |
| 2015–19 | 52.7% | 41.8% | 36.2% | 32.1% |
| 2020–24 | 57.1% | 45.4% | 39.6% | 35.6% |
| Change | +21.8 pts | +8.1 pts | +7.4 pts | +7.2 pts |
Bancroft is highly educated: nearly six in ten adults 25 and older (57.1%) hold at least a bachelor's degree, far above the national share of 35.6%.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Bancroft
| Period | Bancroft | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 94.1% | 92.4% | 91.4% | 84.9% |
| 2010–14 | 93.4% | 92.9% | 92.2% | 86.1% |
| 2015–19 | 96.7% | 93.5% | 93.0% | 87.7% |
| 2020–24 | 92.6% | 94.0% | 93.7% | 89.3% |
| Change | −1.5 pts | +1.6 pts | +2.3 pts | +4.3 pts |
About nine in ten adults in Bancroft have finished high school (92.6%), above the national rate of 89.3%. The Minneapolis area as a whole looks much the same.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Bancroft
| Period | Bancroft | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 9.5% | 6.7% | 6.5% | 8.1% |
| 2010–14 | 2.5% | 6.8% | 6.5% | 9.4% |
| 2015–19 | 5.5% | 3.6% | 3.7% | 5.6% |
| 2020–24 | 6.0% | 4.0% | 4.1% | 5.4% |
| Change | −3.4 pts | −2.7 pts | −2.4 pts | −2.7 pts |
Unemployment in Bancroft is close to the national rate: 6.0% of the labor force, against 5.4%. The rate is higher than in the Minneapolis area overall (4.0%). Because the Census pools five years of responses (2020–24), these rates smooth over short swings and lag the current job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Bancroft compared with nearby neighborhoods
| Neighborhood | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Bancroft | 2.39 | 36.3 | 11.1% | 29.0% | 6.0% | 1942 | $1,482 | 57.1% | 92.6% | 6.0% |
| Northrop | 2.32 | 40.0 | 6.1% | 16.1% | 7.3% | 1939 | $1,359 | 69.6% | 95.3% | 4.1% |
| Powderhorn Park | 2.58 | 35.1 | 15.9% | 46.1% | 9.3% | 1938 | $1,377 | 49.4% | 87.6% | 7.7% |
| Standish | 2.13 | 38.2 | 7.7% | 20.8% | 6.9% | 1938 | $1,419 | 62.8% | 94.1% | 5.1% |
| Minnehaha | 1.90 | 46.5 | 6.3% | 25.0% | 9.1% | 1960 | $1,502 | 71.3% | 96.6% | 2.0% |
| Central | 3.26 | 29.2 | 21.7% | 52.7% | 11.0% | 1941 | $1,379 | 36.3% | 81.0% | 11.3% |
| Corcoran | 2.47 | 35.6 | 10.3% | 47.3% | 7.2% | 1955 | $1,800 | 50.6% | 75.9% | 3.5% |
| Kingfield | 2.03 | 36.2 | 8.0% | 35.6% | 6.0% | 1938 | $1,497 | 70.6% | 97.2% | 3.9% |
| Ericsson | 2.26 | 41.7 | 2.7% | 15.6% | 8.3% | 1947 | $1,847 | 65.6% | 97.5% | 3.0% |
| Hale | 2.49 | 39.4 | 5.1% | 13.5% | 7.5% | 1938 | $1,808 | 80.9% | 99.1% | 1.7% |
| Lyndale | 1.80 | 33.4 | 10.1% | 71.9% | 5.4% | 1953 | $1,202 | 48.8% | 93.0% | 5.6% |
All figures 2020–24.
Neighborhoods with similar populations: Downtown Warren, Warren, PA · West Leominster, Leominster, MA · A.C.T., Evansville, IN · Youngsville, Manchester, NH · Downtown Geneva, Geneva, OH · Disaster City, College Station, TX · Feasterville, Feasterville-Trevose, PA · Hackensack Riverfront, Jersey City, NJ · Heron Bay, San Leandro, CA · Houghton, Tucson, AZ
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Bancroft. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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