Home Price Key
Affordable
Average
Expensive
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 $152,778, lower than the Michigan average of $196,062.
The average cost of rent is $825/mo in Bancroft, primarily driven by the current value of real estate in the Bancroft area. While nearly 40.91% of residents own their homes outright in Bancroft, 10.13% rent.
Housing affordability isn’t just about home prices, though. The average household income in Bancroft is $5,524 per month. Households that rent pay about 14.93% of their income on rent here. Bancroft's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Shiawasseetown, MI: higher priced homes
- Morrice, MI: less expensive homes
- Durand, MI: less expensive homes
- Vernon, MI: less expensive homes
- New Salem, MI: higher priced homes
- Byron, MI: higher priced homes
- Pittsburg, MI: equally priced homes
- Perry, MI: higher priced homes
- Corunna, MI: less expensive homes
- Kerby, MI: less expensive homes
Cities with Similar Populations
- Hana, HI: higher priced homes
- Hudgens, IL: equally priced homes
- Otley, IA: higher priced homes
- Shell Bluff, GA: less expensive homes
- Trimble, MO: higher priced homes
- Irving, MI: higher priced homes
- Rose Hill, VA: less expensive homes
- Lake City, IA: less expensive homes
- Hartley, IA: less expensive homes
- Shady Point, OK: less expensive homes
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