Bancroft

Population: 571
Median household income: $80,000
Median home value: $117,000

Bancroft, a community in Shiawassee County, Michigan, has 571 residents. Its median household income of $80,000 runs above the Shiawassee County figure of $64,464.

From 2019 to 2023, Bancroft's population grew 19.7% from 477 to 571, while its median home value rose 39.0% from $84,200 to $117,000.

Households average 2.91 people. The median gross rent is $920.

Demographics

ACS 2019–2023

Population: 571
Median age: 34.9 yrs
Median household income: $80,000
Median home value: $117,000
Median gross rent: $920
Housing units: 214
Homeownership rate: 68.9%
Bachelor's degree or higher: 13.0%
Unemployment rate: 2.4%

Trends

ACS 5-year · 2019–2023

Population

477571

Median household income

$48,750$80,000

Median home value

$84,200$117,000

Median gross rent

$719$920

Year	Population	Median household income	Median home value	Median gross rent
2019	477	$48,750	$84,200	$719
2020	454	$58,750	$89,600	$807
2021	488	$61,250	$88,800	$828
2022	500	$81,563	$118,800	$914
2023	571	$80,000	$117,000	$920

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 57.4%

5 to 1717.7%

18 to 2415.6%

25 to 349.5%

35 to 4413.0%

45 to 5410.5%

55 to 6414.7%

65 to 747.9%

75 and over3.9%

	Count	Share
Under 5	42	7.4%
5 to 17	101	17.7%
18 to 24	89	15.6%
25 to 34	54	9.5%
35 to 44	74	13.0%
45 to 54	60	10.5%
55 to 64	84	14.7%
65 to 74	45	7.9%
75 and over	22	3.9%

Race & ethnicity

	Count	Share
White (non-Hispanic)	520	91.1%
Black or African American	3	0.5%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	12	2.1%
Two or more races	17	3.0%
Hispanic or Latino (any race)	19	3.3%

Educational attainment (age 25+)

No high school diploma8.8%

High school graduate39.2%

Some college or associate's38.9%

Bachelor's degree8.3%

Graduate or professional degree4.7%

	Count	Share
No high school diploma	30	8.8%
High school graduate	133	39.2%
Some college or associate's	132	38.9%
Bachelor's degree	28	8.3%
Graduate or professional degree	16	4.7%

Commute to work

Mean travel time to work: 35 min

Drove alone92.3%

Carpooled5.1%

Public transit0.0%

Walked0.0%

Bicycle0.0%

Worked from home2.6%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	252	92.3%
Carpooled	14	5.1%
Public transit	0	0.0%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	7	2.6%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	40	15.0%
15 to 29 min	93	35.0%
30 to 44 min	56	21.1%
45 to 59 min	48	18.0%
60+ min	29	10.9%

Households

Average household size: 2.91
Poverty rate: 7.7% (44 of 571)

	Count	Share
Family households	142	72.4%
Nonfamily households	54	27.6%

Housing

Median year structure built: 1938

Occupancy

	Count	Share
Occupied	196	91.6%
Vacant	18	8.4%

Tenure (of occupied units)

	Count	Share
Owner-occupied	135	68.9%
Renter-occupied	61	31.1%

1-unit, detached93.5%

1-unit, attached0.0%

2 to 4 units6.1%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other0.5%

Units in structure

	Count	Share
1-unit, detached	200	93.5%
1-unit, attached	0	0.0%
2 to 4 units	13	6.1%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	1	0.5%

Geography

Place GEOID: 2605080
Type (LSAD): 47
Land area: 0.54 sq mi
Water area: 0 sq mi
Center point: 42.8770, -84.0664