Population 229 · Census ACS 2020–24
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Median age by neighborhoodHistory and comparison ↓︎
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Population and households in Bancroft
Household size in Bancroft
| Period | Bancroft | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 2.56 | 2.52 | 2.68 |
| 2010–14 | 2.49 | 2.54 | 2.73 |
| 2015–19 | 2.32 | 2.55 | 2.71 |
| 2020–24 | 2.60 | 2.52 | 2.65 |
| Change | +0.04 | +0.00 | −0.03 |
Households in Bancroft average 2.60 people, about the same as the country as a whole (2.65).
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 | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 48.1 | 37.9 | 37.7 |
| 2010–14 | 49.5 | 38.9 | 38.6 |
| 2015–19 | 51.6 | 39.6 | 39.6 |
| 2020–24 | 45.7 | 40.0 | 40.1 |
| Change | −2.4 | +2.1 | +2.3 |
Bancroft skews older: half of its residents are older than 45.7, well above the national median of 40.1. That usually means more empty nesters and retirees, and fewer young families. Since 2006–10, the median age has dropped from 48.1, but in a place this small, survey estimates can swing a lot from one release to the next.
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 | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 5.9% | 9.9% | 12.3% |
| 2010–14 | 4.9% | 10.2% | 12.3% |
| 2015–19 | 6.3% | 9.7% | 11.6% |
| 2020–24 | 5.0% | 9.6% | 11.6% |
| Change | −0.9 pts | −0.3 pts | −0.6 pts |
Single-parent households are relatively rare in Bancroft: 5.0% of households, against 11.6% nationally.
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 | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 16.4% | 25.8% | 33.3% |
| 2010–14 | 23.2% | 27.9% | 35.6% |
| 2015–19 | 22.6% | 28.4% | 36.0% |
| 2020–24 | 13.3% | 27.8% | 34.8% |
| Change | −3.1 pts | +2.0 pts | +1.5 pts |
Bancroft is overwhelmingly a place of homeowners: only 13.3% of households rent, far below the national share of 34.8%. Owner-heavy areas like this tend to see less turnover. Among homeowners, 48.2% have no mortgage at all, above 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 | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 2.7% | 9.2% | 11.4% |
| 2010–14 | 3.2% | 9.0% | 11.4% |
| 2015–19 | 3.4% | 8.7% | 11.1% |
| 2020–24 | 9.6% | 8.3% | 9.6% |
| Change | +6.9 pts | −0.9 pts | −1.8 pts |
Vacancy in Bancroft is the same as the national rate: 9.6% of homes are empty.
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 | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 1969 | 1973 | 1974 |
| 2010–14 | 1968 | 1974 | 1975 |
| 2015–19 | 1970 | 1975 | 1977 |
| 2020–24 | 1966 | 1978 | 1980 |
| Change | −3 | +5 | +6 |
The housing in Bancroft is old by national standards: the median home dates to 1966, against 1980 for the U.S., so buyers will find more older houses, some of them due for updates.
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 | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | $1,225 | $882 | $965 |
| 2010–14 | $976 | $953 | $1,040 |
| 2015–19 | $677 | $1,099 | $1,213 |
| 2020–24 | $885 | $1,404 | $1,571 |
| Change | −$340 | +$522 | +$606 |
Rent in Bancroft runs $885 a month at the median, utilities included, well below the U.S. median of $1,571. The typical renter here spends 24.5% of household income on rent, comfortably under the 30% mark often used to define affordable rent, and a smaller share than renters pay nationally.
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 | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 21.3% | 32.1% | 28.4% |
| 2010–14 | 18.3% | 33.7% | 29.6% |
| 2015–19 | 18.8% | 36.2% | 32.1% |
| 2020–24 | 23.1% | 39.6% | 35.6% |
| Change | +1.9 pts | +7.4 pts | +7.2 pts |
Fewer adults in Bancroft have a four-year degree than in the country as a whole: 23.1%, against 35.6% nationally.
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 | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 83.0% | 91.4% | 84.9% |
| 2010–14 | 87.3% | 92.2% | 86.1% |
| 2015–19 | 91.4% | 93.0% | 87.7% |
| 2020–24 | 88.2% | 93.7% | 89.3% |
| Change | +5.2 pts | +2.3 pts | +4.3 pts |
About as many adults in Bancroft have finished high school as nationally: 88.2%, against 89.3%. The rate is lower than in Minnesota overall (93.7%).
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 | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 3.6% | 6.5% | 8.1% |
| 2010–14 | 3.6% | 6.5% | 9.4% |
| 2015–19 | 2.1% | 3.7% | 5.6% |
| 2020–24 | 2.7% | 4.1% | 5.4% |
| Change | −0.9 pts | −2.4 pts | −2.7 pts |
Unemployment in Bancroft has been low: just 2.7% of the labor force was out of work and looking, well below the national rate of 5.4%. 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 cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Bancroft | 2.60 | 45.7 | 5.0% | 13.3% | 9.6% | 1966 | $885 | 23.1% | 88.2% | 2.7% |
| Oakland | 2.49 | 48.7 | 7.3% | 7.2% | 6.9% | 1961 | $870 | 17.0% | 90.3% | 2.5% |
| Clarks Grove | 2.27 | 43.2 | 4.5% | 15.0% | 8.4% | 1957 | $865 | 21.1% | 93.1% | 3.0% |
| Albert Lea | 2.40 | 45.3 | 14.3% | 24.9% | 10.2% | 1959 | $1,015 | 16.9% | 89.0% | 5.4% |
| Hayward | 2.41 | 46.3 | 9.7% | 7.8% | 7.0% | 1958 | $648 | 16.4% | 94.2% | 2.6% |
| Manchester | 2.48 | 41.1 | 13.3% | 12.4% | 6.7% | 1959 | $604 | 20.4% | 94.4% | 8.1% |
| Hollandale | 2.60 | 43.1 | 5.6% | 11.2% | 8.2% | 1956 | $590 | 20.4% | 93.7% | 1.6% |
| Petran | 2.61 | 43.5 | 8.9% | 10.0% | 6.9% | 1955 | $544 | 19.2% | 93.8% | 2.4% |
| Geneva | 2.40 | 43.1 | 3.8% | 12.1% | 9.3% | 1960 | $749 | 20.1% | 94.3% | 1.5% |
| Twin Lakes | 2.44 | 48.4 | 5.9% | 5.5% | 6.5% | 1964 | $729 | 20.3% | 95.1% | 1.2% |
| Hartland | 2.48 | 40.6 | 14.4% | 12.6% | 6.9% | 1958 | $605 | 20.4% | 95.3% | 8.5% |
All figures 2020–24.
Cities with similar populations: DeJarnett, VA · Peoria, MO · Cuchillo, NM · Salado, AZ · Skanee, MI · Encinal, NM · Williamsville, VA · Windy, WV · Honobia, OK · White Hills, 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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