Bancroft, MI demographics:
population, income, and more

Total population
469
-17.9% year-over-year change
Median household income
$90,000/yr
12.5% year-over-year change
Housing units
200
-6.5% year-over-year change

Bancroft population

How many people live in Bancroft

Bancroft is home to 469 residents, according to the most recent Census data. Gender-wise, 43.9% of Bancroft locals are male, and 56.1% are female.

Total population
469
-17.9% year-over-year change
Gender ratio
Male
43.9%
206
Female
56.1%
263
Value Percent YoY change
Male 206 43.9% -18.2%
Female 263 56.1% -17.6%
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 35, with the population distributed as follows: about 19.8% are children under 15, then 19.6% are in the 15 to 24 age group. Adults between 25 and 44 make up 25.2% of the population, while another 23.9% fall into the 45 to 64 bracket. Finally, around 11.5% are 65 or older.

Median age
34.8
Age breakdown
Under 15
19.8%
15 to 24
19.6%
25 to 44
25.2%
45 to 64
23.9%
Over 65
11.5%
Value Percent YoY change
Under 15 93 19.8% -21.9%
15 to 24 92 19.6% -18.6%
25 to 44 118 25.2% -7.8%
45 to 64 112 23.9% -22.2%
Over 65 54 11.5% -19.4%
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

In Bancroft, 99.4% of the population are US-born citizens, while 0.2% have gained naturalized citizenship. At the same time, 0.4% of residents are non-citizens. There’s also a share of 4.9% that includes residents with two or more races.

Citizenship
U.S.-born citizens
99.4%
Non-U.S.-born citizens
0.2%
Non-citizens
0.4%
Value Percent YoY change
U.S.-born citizens 466 99.4% -17.5%
Non-U.S.-born citizens 1 0.2% -66.7%
Non-citizens 2 0.4% -33.3%
Racial breakdown
White
91.5%
Black or African American
0.4%
American Indian and Alaska Native
0%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
4.9%
Other
3.2%
Value Percent
White 429 91.5%
Black or African American 2 0.4%
Two or more races 23 4.9%
Other 15 3.2%

Households in Bancroft

A peek inside Bancroft households

Bancroft has 176 households, with an average of 3 members in each. Of these, 65.9% are families, while the remaining 34.1% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
176
-10.2% year-over-year change
Average people per household
3
Non-family households
60
Family households
116
Value Percent YoY change
Non-family households 60 34.1% 11.1%
Family households 116 65.9% -18.3%
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 200 units, with 96% being detached single-family homes ideal for those wanting space.

Housing units
200
-6.5% year-over-year change
Housing types
Value Percent
1 unit, detached 192 96%
2 units 1 0.5%
3 or 4 units 7 3.5%
Homes built since 2020
0
% year-over-year change

The age of buildings in Bancroft

In Bancroft, the median construction year is 1938. About 55.5% of homes were built before the 1940s, with another 10% going up by 1949. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 111 55.5% -11.9%
Built between 1940 and 1949 20 10% 17.6%
Built between 1950 and 1959 7 3.5% -53.3%
Built between 1960 and 1969 20 10% 33.3%
Built between 1970 and 1979 21 10.5% 5.0%
Built between 1980 and 1989 4 2% 100.0%
Built between 1990 and 1999 12 6% -7.7%
Built between 2000 and 2009 5 2.5% -16.7%
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 176 occupied housing units in Bancroft, 71% are owner-occupied, while 29% are lived in by tenants. Meanwhile, 12% of all homes on the local market sit vacant.

Occupied housing units
176
-10.2% year-over-year change
Occupancy breakdown
Renter occupied
51
Owner occupied
125
Value Percent YoY
change
Renter occupied 51 29% -16.4%
Owner occupied 125 71% -7.4%
Unoccupied housing units
12.0%
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 $916 per month, while tenants specifically pay a median gross rent of $944.

Median housing costs per month
$916/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
$944/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 41.9% of the population in Bancroft went to high school, while 25.7% pursued college studies. Another 18.4% earned an associate degree and 5.9% hold a bachelor’s. Meanwhile, 6.7% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 5 1.4% 0.0%
High school diploma 150 41.9% -21.9%
College diploma 92 25.7% -10.7%
Associate degree 66 18.4% -10.8%
Bachelor's degree 21 5.9% -25.0%
Graduate degree 24 6.7% -7.7%
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 $104,496 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +5.5% change from the previous year. At the same time, the median income stood at $90,000, reflecting a +12.5% shift over the same period.

Average household income in Bancroft
$104,496/year
5.5% year-over-year change
Median household income in Bancroft
$90,000/year
12.5% year-over-year change

Bancroft income by age

Those with someone between 45 and 64 in charge, often well established professionally, earn $92,917 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $103,462, while those led by someone over 65, many of whom may be retired, have about $47,500 in earnings. Overall, 90.4% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $103,462 N/A
45 - 64 $92,917 10.9%
Over 65 $47,500 0.0%
Above poverty level
422
Below poverty level
45
Value Percent YoY
change
Above poverty level 422 90.4% -19.0%
Below poverty level 45 9.6% 4.7%

Employment in Bancroft

Workforce and job types in Bancroft

The job market in Bancroft is powered by 250 working residents, spread across a range of industries and roles. 60.8% of the working population are employed in professional or administrative positions, while 39.2% are in hands-on or service-based jobs. Also, 3.6% run their own businesses, 80% are employed by private companies, and 9.6% work in the public sector.

Workforce demographics

Working population
250
-11.3% year-over-year change
White collar
152
Blue collar
98
Value Percent YoY change
White collar 152 60.8% -13.6%
Blue collar 98 39.2% -7.5%
Employer type
Self employees
3.6%
Private companies
80%
Governmental workers
9.6%
Not for profit companies
6.8%
Value Percent YoY change
Self employees 9 3.6% -30.8%
Private companies 200 80% -9.5%
Governmental workers 24 9.6% -11.1%
Not for profit companies 17 6.8% -19.1%
Unemployment rate
0.8%
-71.4% year-over-year change

Available workforce

The unemployment rate in Bancroft stands at 0.8%, 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: 94.7% of residents travel by personal vehicle and 2.5% 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 231 94.7% -13.2%
Walk 6 2.5% N/A
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
48414 2,488 1,070 $68,214 $87,962

Explore more communities

FAQs about Bancroft demographics 

What is the total population of Bancroft?

Bancroft has a total population of 469 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 -17.9% compared to a year ago.

What is the gender ratio in Bancroft?

The gender ratio in Bancroft is as follows:
  • 43.9% males (206 residents)
  • 56.1% females (263 residents)

What is the median age in Bancroft?

The median age in Bancroft is 34.8.

What is the age distribution of the population in Bancroft?

The age distribution in Bancroft is as follows:
  • Under 15: 19.8% (93 residents)
  • Ages 15-24: 19.6% (92 residents)
  • Ages 25-44: 25.2% (118 residents)
  • Ages 45-64: 23.9% (112 residents)
  • Over 65: 11.5% (54 residents)

What is the racial and ethnic makeup of Bancroft?

The racial and ethnic makeup of Bancroft is as follows:
  • White: 91.5% (429 residents)
  • Black or African American: 0.4% (2 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: 4.9% (23 residents)
  • Other: 3.2% (15 residents)

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

U.S.-born citizens represent 99.4% of the population in Bancroft.

How many housing units are there in Bancroft?

There are 200 housing units in Bancroft, reflecting a -6.5% 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 176 households, with an average of 3 people in each.

What is the median household income in Bancroft?

Bancroft has a median household income of $90,000, representing a +12.5% 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 99.2% in Bancroft, with a workforce of 250 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 60.8% (152 residents)
  • Blue-collar workers: 39.2% (98 residents)

Places of employment:
  • Self-employed: 3.6% (9 residents)
  • Private companies: 80% (200 residents)
  • Governmental workers: 9.6% (24 residents)
  • Not-for-profit companies: 6.8% (17 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