Bancroft, IA demographics:
population, income, and more

Total population
626
-6.3% year-over-year change
Median household income
$60,000/yr
23.5% year-over-year change
Housing units
320
-1.5% year-over-year change

Bancroft population

How many people live in Bancroft

Bancroft is home to 626 residents, according to the most recent Census data. Gender-wise, 47.1% of Bancroft locals are male, and 52.9% are female.

Total population
626
-6.3% year-over-year change
Gender ratio
Male
47.1%
295
Female
52.9%
331
Value Percent YoY change
Male 295 47.1% -8.4%
Female 331 52.9% -4.3%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Bancroft is 36, with the population distributed as follows: about 21.9% are children under 15, then 11.8% are in the 15 to 24 age group. Adults between 25 and 44 make up 28.6% of the population, while another 13.7% fall into the 45 to 64 bracket. Finally, around 24% are 65 or older.

Median age
35.6
Age breakdown
Under 15
21.9%
15 to 24
11.8%
25 to 44
28.6%
45 to 64
13.7%
Over 65
24%
Value Percent YoY change
Under 15 137 21.9% -6.2%
15 to 24 74 11.8% -24.5%
25 to 44 179 28.6% 5.3%
45 to 64 86 13.7% -12.2%
Over 65 150 24% -3.9%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

There’s also a share of 4.5% that includes residents with two or more races.

Citizenship
U.S.-born citizens
100%
Non-U.S.-born citizens
0%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 626 100% -6.3%
Racial breakdown
White
94.6%
Black or African American
0.5%
American Indian and Alaska Native
0%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
4.5%
Other
0.5%
Value Percent
White 592 94.6%
Black or African American 3 0.5%
Two or more races 28 4.5%
Other 3 0.5%

Households in Bancroft

A peek inside Bancroft households

Bancroft has 282 households, with an average of 2 members in each. Of these, 52.5% are families, while the remaining 47.5% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
282
0.0% year-over-year change
Average people per household
2
Non-family households
134
Family households
148
Value Percent YoY change
Non-family households 134 47.5% 0.0%
Family households 148 52.5% 0.0%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Bancroft

The housing landscape of Bancroft

Bancroft's housing consists of 320 units, with 82.2% being detached single-family homes ideal for those wanting space.

Housing units
320
-1.5% year-over-year change
Housing types
Value Percent
1 unit, detached 263 82.2%
2 units 24 7.5%
3 or 4 units 9 2.8%
5 to 9 units 24 7.5%
Homes built since 2020
4
33.3% year-over-year change

The age of buildings in Bancroft

In Bancroft, the median construction year is 1962. About 28.4% of homes were built before the 1940s, with another 5.3% going up by 1949. Most development happened in the second half of the 20th century. Then, 5.6% of homes were added from 2000 to 2009, 4.4% between 2010 and 2019, and 1.2% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 91 28.4% -2.1%
Built between 1940 and 1949 17 5.3% -15.0%
Built between 1950 and 1959 46 14.4% -6.1%
Built between 1960 and 1969 29 9.1% 70.6%
Built between 1970 and 1979 80 25% -13.0%
Built between 1980 and 1989 6 1.9% -14.3%
Built between 1990 and 1999 15 4.7% -21.1%
Built between 2000 and 2009 18 5.6% 38.5%
Built between 2010 and 2019 14 4.4% 16.7%
Built in 2020 or later 4 1.2% 33.3%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Bancroft occupancy rates

Out of the 282 occupied housing units in Bancroft, 75.5% are owner-occupied, while 24.5% are lived in by tenants. Meanwhile, 11.9% of all homes on the local market sit vacant.

Occupied housing units
282
0.0% year-over-year change
Occupancy breakdown
Renter occupied
69
Owner occupied
213
Value Percent YoY
change
Renter occupied 69 24.5% -23.3%
Owner occupied 213 75.5% 10.9%
Unoccupied housing units
11.9%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Bancroft housing costs

Housing costs in Bancroft come to a median of $754 per month, while tenants specifically pay a median gross rent of $725.

Median housing costs per month
$754/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Bancroft
$725/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Bancroft

Bancroft education at a glance

About 37.7% of the population in Bancroft went to high school, while 19.6% pursued college studies. Another 27.3% earned an associate degree and 11.5% hold a bachelor’s. Meanwhile, 1.7% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 10 2.1% 0.0%
High school diploma 177 37.7% -11.5%
College diploma 92 19.6% -10.7%
Associate degree 128 27.3% 8.5%
Bachelor's degree 54 11.5% -5.3%
Graduate degree 8 1.7% 0.0%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Bancroft

How much people earn in Bancroft

The average annual household income in Bancroft was $95,444 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +6.3% change from the previous year. At the same time, the median income stood at $60,000, reflecting a +23.5% shift over the same period.

Average household income in Bancroft
$95,444/year
6.3% year-over-year change
Median household income in Bancroft
$60,000/year
23.5% year-over-year change

Bancroft income by age

In Bancroft, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $81,250. Those with someone between 45 and 64 in charge, often well established professionally, earn $71,250 overall. Overall, 89.7% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $81,250 71.8%
45 - 64 $71,250 -6.6%
Over 65 $39,779 0.5%
Above poverty level
531
Below poverty level
61
Value Percent YoY
change
Above poverty level 531 89.7% -0.8%
Below poverty level 61 10.3% -35.8%

Average renter income in Bancroft

To get a better sense of what renters earn on average in Bancroft, their median household income was $31,250 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 27.8%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$31,250
Rent-to-income ratio
27.8%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Bancroft

Workforce and job types in Bancroft

The job market in Bancroft is powered by 316 working residents, spread across a range of industries and roles. 60.1% of the working population are employed in professional or administrative positions, while 39.9% are in hands-on or service-based jobs. Also, 17.4% run their own businesses, 63% are employed by private companies, and 13.3% work in the public sector.

Workforce demographics

Working population
316
-7.3% year-over-year change
White collar
190
Blue collar
126
Value Percent YoY change
White collar 190 60.1% -16.3%
Blue collar 126 39.9% 10.5%
Employer type
Self employees
17.4%
Private companies
63%
Governmental workers
13.3%
Not for profit companies
6.3%
Value Percent YoY change
Self employees 55 17.4% -8.3%
Private companies 199 63% -3.9%
Governmental workers 42 13.3% -23.6%
Not for profit companies 20 6.3% 5.3%
Unemployment rate
0.6%
-33.3% year-over-year change

Available workforce

The unemployment rate in Bancroft stands at 0.6%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Bancroft

How people get around in Bancroft

Commuting methods vary: 87.4% of residents travel by personal vehicle and 6.1% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 271 87.4% -5.2%
Bicycle 1 0.3% 0.0%
Walk 19 6.1% -13.6%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Bancroft by zipcode?

Zipcode Population Number of households Median income Average income
50517 833 391 $61,875 $93,562

Explore more communities

FAQs about Bancroft demographics 

What is the total population of Bancroft?

Bancroft has a total population of 626 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by -6.3% compared to a year ago.

What is the gender ratio in Bancroft?

The gender ratio in Bancroft is as follows:
  • 47.1% males (295 residents)
  • 52.9% females (331 residents)

What is the median age in Bancroft?

The median age in Bancroft is 35.6.

What is the age distribution of the population in Bancroft?

The age distribution in Bancroft is as follows:
  • Under 15: 21.9% (137 residents)
  • Ages 15-24: 11.8% (74 residents)
  • Ages 25-44: 28.6% (179 residents)
  • Ages 45-64: 13.7% (86 residents)
  • Over 65: 24% (150 residents)

What is the racial and ethnic makeup of Bancroft?

The racial and ethnic makeup of Bancroft is as follows:
  • White: 94.6% (592 residents)
  • Black or African American: 0.5% (3 residents)
  • American Indian and Alaska Native: 0% (0 residents)
  • Asian: 0% (0 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 4.5% (28 residents)
  • Other: 0.5% (3 residents)

What percentage of the population in Bancroft are U.S.-born citizens?

U.S.-born citizens represent 100% of the population in Bancroft.

How many housing units are there in Bancroft?

There are 320 housing units in Bancroft, reflecting a -1.5% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Bancroft and what is the average household size?

Bancroft has a total of 282 households, with an average of 2 people in each.

What is the median household income in Bancroft?

Bancroft has a median household income of $60,000, representing a +23.5% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Bancroft?

The employment rate is 99.4% in Bancroft, with a workforce of 316 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 60.1% (190 residents)
  • Blue-collar workers: 39.9% (126 residents)

Places of employment:
  • Self-employed: 17.4% (55 residents)
  • Private companies: 63% (199 residents)
  • Governmental workers: 13.3% (42 residents)
  • Not-for-profit companies: 6.3% (20 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025