Bancroft, Iowa Demographics & Population 2026

A note before these figures: with a population of 626, Bancroft's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Bancroft is a small community located in Iowa, within Kossuth County. The total population is 626. It ranks as the 414th most populous out of 1,017 Census-designated places in Iowa.

Age Demographics

The median age in Bancroft is 35.6 years. This is 8% lower than the state median of 38.6 years. 14.9% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Bancroft is $60,000. This is 20% lower than the state median of $75,059. It is also 26% lower than the national median of $80,734. The poverty rate stands at 10.2%. This is 8% lower than the state poverty rate of 11.1%. The unemployment rate is 0.6%. This is 82% lower than the state rate of 3.6%. The median home value is $120,700. Housing costs are 42% lower than the state median of $208,000. With a home-value-to-income ratio of just 2.0x, Bancroft is one of the most affordable housing markets in the area. 75.5% of occupied housing units are owner-occupied. This homeownership rate is 5% higher than the state average of 71.7%.

Race & Ethnicity

Bancroft has a predominantly White (non-Hispanic) population, comprising 93.9% of all residents. Hispanic or Latino residents account for 1.9%. The Black or African American population (0.5%) is well below the state average of 3.8%. The Hispanic or Latino population (1.9%) is well below the state average of 7.3%.

Education

13.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 58% lower than the state rate of 31.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.4%.

Data Sources & Methodology

All demographic data for Bancroft, Iowa is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Iowa state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,017 Census-designated places in Iowa. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.