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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 $191,321, lower than the Oregon average of $502,078.
The average cost of rent is $1,200/mo in Bancroft, primarily driven by the current value of real estate in the Bancroft area. In Bancroft, 18.25% of households rent, and 56.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bancroft is $3,580 per month. Households that rent pay about 33.51% of their income on rent here. Bancroft’s most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Powers, OR: equally priced homes
- Gaylord, OR: higher priced homes
- Bridge, OR: higher priced homes
- Broadbent, OR: higher priced homes
- Myrtle Point, OR: higher priced homes
- Gravelford, OR: higher priced homes
- Dora, OR: higher priced homes
- Sitkum, OR: higher priced homes
- Camas Valley, OR: higher priced homes
- McKinley, OR: higher priced homes
Cities with Similar Populations
- Pleasant Pond, ME: higher priced homes
- Redrock, NM: equally priced homes
- Redland, FL: higher priced homes
- Hickoria, AR: less expensive homes
- Redden, OK: less expensive homes
- Rector, NY: equally priced homes
- Rector, MO: equally priced homes
- Hills and Dales, OH: higher priced homes
- Clay, LA: higher priced homes
- Ramona Beach, NY: equally priced homes
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