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 $279,432, lower than the Minneapolis average of $316,867.
The average cost of rent is $1,098/mo in Bancroft, primarily driven by the current value of real estate in the Bancroft area. While nearly 26.04% of residents own their homes outright in Bancroft, 24.74% rent.
Housing affordability isn’t just about home prices, though. The average household income in Bancroft is $7,188 per month. Households that rent pay about 15.27% of their income on rent here. Bancroft's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the neighborhood.
Nearby Neighborhoods
- Northrup, Minneapolis, MN: higher priced homes
- Powderhorn Park, Minneapolis, MN: less expensive homes
- Standish, Minneapolis, MN: less expensive homes
- Minnehaha, Minneapolis, MN: less expensive homes
- Central, Minneapolis, MN: less expensive homes
- Corcoran, Minneapolis, MN: less expensive homes
- Kingfield, Minneapolis, MN: higher priced homes
- Ericsson, Minneapolis, MN: equally priced homes
- Hale, Minneapolis, MN: higher priced homes
- Lyndale, Minneapolis, MN: less expensive homes
Neighborhoods with Similar Populations
- Downtown Warren, Warren, PA: less expensive homes
- West Leominster, Leominster, MA: equally priced homes
- A.C.T., Evansville, IN: less expensive homes
- Youngsville, Manchester, NH: equally priced homes
- Downtown Geneva, Geneva, OH: less expensive homes
- Disaster City, College Station, TX: higher priced homes
- Feasterville, Feasterville-Trevose, PA: higher priced homes
- Hackensack Riverfront, Jersey City, NJ: higher priced homes
- Heron Bay, San Leandro, CA: higher priced homes
- Houghton, Tucson, AZ: higher priced homes
All Local Stats
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