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 $171,357, lower than the Minnesota average of $269,934.
The average cost of rent is $816/mo in Bancroft, primarily driven by the current value of real estate in the Bancroft area. While nearly 47.75% of residents own their homes outright in Bancroft, 15.61% rent.
Housing affordability isn’t just about home prices, though. The average household income in Bancroft is $6,683 per month. Households that rent pay about 12.20% of their income on rent here. Bancroft's most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Oakland, MN: equally priced homes
- Clarks Grove, MN: equally priced homes
- Albert Lea, MN: less expensive homes
- Hayward, MN: less expensive homes
- Manchester, MN: equally priced homes
- Hollandale, MN: equally priced homes
- Petran, MN: less expensive homes
- Geneva, MN: equally priced homes
- Twin Lakes, MN: equally priced homes
- Hartland, MN: equally priced homes
Cities with Similar Populations
- DeJarnett, VA: higher priced homes
- Peoria, MO: less expensive homes
- Cuchillo, NM: less expensive homes
- Salado, AZ: less expensive homes
- Skanee, MI: less expensive homes
- Encinal, NM: less expensive homes
- Williamsville, VA: higher priced homes
- Windy, WV: less expensive homes
- Honobia, OK: less expensive homes
- White Hills, AZ: less expensive homes
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