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Affordable
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These days, finding an affordable place to live in the Bancroft area can be challenging. Home prices in Bancroft are now at a median cost of $114,372, lower than the Iowa average of $226,062.
The average cost of rent is $639/mo in Bancroft, primarily driven by the current value of real estate in the Bancroft area. In Bancroft, 21.54% of households rent, and 58.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bancroft is $5,134 per month. Households that rent pay about 12.45% of their income on rent here. Bancroft’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Burt, IA: less expensive homes
- Lone Rock, IA: less expensive homes
- Lakota, IA: less expensive homes
- Swea City, IA: higher priced homes
- Seneca, IA: higher priced homes
- Titonka, IA: less expensive homes
- Ledyard, IA: higher priced homes
- Fenton, IA: less expensive homes
- Lotts Creek, IA: equally priced homes
- Buffalo Center, IA: equally priced homes
Cities with Similar Populations
- Old Albertville, WI: higher priced homes
- Fulks Run, VA: higher priced homes
- Frisco, NC: higher priced homes
- Forum, AR: higher priced homes
- Forestport, NY: higher priced homes
- Finley, TN: higher priced homes
- North Perry, OH: higher priced homes
- Falls City, WI: higher priced homes
- Escatawpa, MS: higher priced homes
- Tygh Valley, OR: higher priced homes
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