Everything You Should Know Before Moving to Bancroft, MI
Considering a move to Bancroft, MI? This small, friendly village of 484 residents offers affordable housing with a median home price of $117,000 and average rent around $860. With a low violent crime rate of 188 per 100K, easy commutes averaging 29 minutes, and highly owner-occupied homes, Bancroft is perfect for those seeking a quiet, rural lifestyle. The local schools are part of well-rated nearby districts, and the area enjoys four seasons with 50% sunny days annually. Explore below for more on cost of living, education, and community resources to help plan your move!
Demographics - Bancroft, MI
Demographics - Bancroft, MI
Bancroft, MI is a close-knit village with a population of 484 people, predominantly White, and a balanced gender ratio. The median age of nearly 40 suggests a mix of families and mature residents, while low linguistic diversity contributes to a small-town atmosphere.
Population:
484
Density:
1,330 per sq mi
Median Age:
39.9
Gender Ratio:
98 males per 100 females
Non-English Speakers Percentage:
2.5%
Ethnic Composition
White:
94.0%
Black:
1.2%
Asian:
0.2%
Others:
4.6%
Cost Of Living
What is the average cost of living in Bancroft, MI?
Bancroft offers an affordable cost of living, with a median home value of $117,000 and average rent at $860. Essential expenses like groceries and utilities are below the national average, making it an attractive option for budget-conscious residents.
Median House Value:
$117,000
Gross Rent:
$860
Monthly Electricity Charges:
$110
Auto Insurance:
$1,250
House Owner Cost With Mortgage:
$940
House Owner Cost Without Mortgage:
$410
State Taxes:
Low:
4.25%
|
High:
4.25%
Cost Of Living Index:
83.0
Grocery:
91.6
Housing:
62.5
Utilities:
94.3
Transportation:
87.2
Health Care:
95.0
Miscellaneous:
92.5
Crime
Is Bancroft, MI a safe place to live?
Bancroft experiences a low violent crime rate of 188 per 100,000 people, with property crimes being more common but still moderate for a rural area. Residents generally enjoy a peaceful and safe environment, with crime well below urban averages.
Violent Crimes Per 100k:
188
Property Crimes Per 100k:
1,250
Crime Index:
1,438
Chance Of Violent Crime:
1 in 532
Chance Of Property Crime:
1 in 80
Weather
What is the weather like in Bancroft, MI year-round?
Bancroft enjoys distinct seasons, with cold winters averaging lows of 16°F and warm summers reaching highs of 82°F. The area receives about 33 inches of annual rainfall and enjoys sunshine roughly half the year, offering a classic Midwestern climate.
Winter
Min:
16°F
Max:
32°F
Spring
Min:
38°F
Max:
61°F
Summer
Min:
58°F
Max:
82°F
Fall
Min:
41°F
Max:
63°F
Average Rainfall Inches:
32.9 inches
Sunny Days Percentage:
50%
Neighbors
Local households in Bancroft earn a median income of $51,500, with about 15% living below the poverty line. Most residents have completed high school, and the area features manageable commute times and minimal public transit use, reflecting its rural character.
Median Income:
$27,000
Household Income:
$51,500
Family Income:
$62,000
Per Capita Income:
$22,400
Income Male:
$34,500
Income Female:
$28,000
Poverty Rate:
15.4%
Non English Speakers:
2.5%
Rent:
$860
Unemployment Rate:
5.8%
Public Transport Usage:
0.5%
Commute Time:
29.1 minutes
Education
High School or Higher:
91.3%
Bachelors or More:
13.6%
Education
How are the schools in Bancroft, MI?
Bancroft students attend area public schools, including Durand Area High School and Robert Kerr Elementary, both offering supportive learning environments. Higher education is accessible nearby, with colleges in Owosso and Flint just a short drive away.
Public Schools
Name:
Durand Area High School
Street:
9575 E Lansing Rd
Phone:
989-288-3363
Students:
540
Student Teacher Ratio:
20.5
Name:
Robert Kerr Elementary School
Street:
10425 Belsay Rd
Phone:
810-591-1300
Students:
290
Student Teacher Ratio:
16.2
Colleges
Name:
Baker College of Owosso
City:
Owosso
State:
MI
Distance:
13 miles
Students:
1,200
Name:
Mott Community College
City:
Flint
State:
MI
Distance:
22 miles
Students:
8,000
Healthcare
Residents have access to Memorial Healthcare in nearby Owosso, and the area boasts a strong health insurance coverage rate of 91%. With nearly two physicians per 1,000 residents, healthcare services are accessible for this small community.
Major Hospitals
Name:
Memorial Healthcare
Address:
826 W King St, Owosso, MI 48867
Phone:
(989) 723-5211
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.9
Health Insurance Coverage:
91.0%
Health Care Index:
71.0
Housing Market
What is the housing market like in Bancroft, MI?
Bancroft's housing market is highly affordable, with a median home price of $117,000 and a high owner-occupancy rate of 78%. Home values have appreciated by over 6% in the past year, indicating a stable and attractive market for buyers.
Median Home Price:
$117,000
Average Rent For 2 Bedroom:
$860
Owner Occupied Rate:
78.0%
Rental Vacancy Rate:
6.1%
Home Appreciation Rate (1yr):
6.2%
New Construction Rate:
0.7%
Foreclosure Rate:
0.7%
DMV Information
Vehicle and licensing services for Bancroft residents are provided by the Michigan Secretary of State, with the nearest full-service office located in Flint. Convenient online resources and statewide support make DMV tasks straightforward.
State:
Michigan
Department:
Michigan Secretary of State
Address:
4287 Miller Rd, Flint, MI 48507
Phone:
1-888-767-6424
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.