Bancroft, MI Real Estate
According to census data in the year 2000 there were 224 housing units in Bancroft.
This represents a 7.2% growth from 209 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 224 were located in what is classified as a rural area.
Homeownership rate in Bancroft is about 83.8%.
Bancroft's vacancy rate, including seasonal lodging, is about 6.3%.
Average household size is 3.06 people.
The majority of houses, apartments or condos in Bancroft were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 9.40% |
| Two Bedrooms | 17% |
| Three Bedrooms | 42.90% |
| Four Bedrooms | 26.30% |
| Five Bedrooms or more | 4.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.2 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $82,400 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $438 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3% |
| Home Equity Loan | 10.20% |
| Simple Mortgage | 52.70% |
| Debt Free | 34.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.7% |
