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Bancroft, MI
Full City Profile · Michigan · Shiawassee County County
3.5
/5.0
B+
Good
571
Population
1,057/sq mi density
$80,000
Median Income
$34,909 per capita
$117,000
Home Value
$207,185 Zillow
$920
Median Rent
17.1% income on rent
48°F
Avg Temperature
260 sunny days/yr
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$80,000 median income, 1.6% unemployment
A+
Affordability
5.0 / 5.0
$117,000 home value, $920/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
C
Education
2.0 / 5.0
13.0% bachelor's degree or higher
Housing Overview
Median Home Value
$117,000
58% below
US avg: $281,900
Median Rent
$920/mo
21% below
US avg: $1,163/mo
Homeownership Rate
68.9%
5% above US avg (65.4%)
Total Housing Units
205
Median year built: 1938
Home Value by Source
Census Median
$117,000
Zillow (ZHVI)
$207,185
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
68.9%
Owner-Occupied
31.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$920/mo
Affordability & Housing Stock
Rent Burden
17.1%
of renters spending 30%+ of income on housing
45% below US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
68.9%
Complete Housing Data
Home Values
| Census Median Value | $117,000 |
| Zillow Home Value (ZHVI) | $207,185 |
Rent
| Census Median Rent | $920 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
Ownership & Stock
| Owner-Occupied | 68.9% |
| Renter-Occupied | 31.1% |
| Homeownership Rate | 68.9% |
| Total Housing Units | 205 |
| Median Year Built | 1938 |
| Rent Burden | 17.1% |