Bancroft, Michigan Demographics & Population 2026
Demographic data: ACS 2020–2024 five-year estimates. Sources and methodology
During the 2020–2024 ACS period, Bancroft, Michigan had a total population of 469, the 559th largest village in Michigan, with a median household income of $90,000, which is 23% higher than the state average. The poverty rate is 9.8%.
Key Takeaways
- Housing is very affordable with a home-value-to-income ratio of just 1.5x.
- Near full employment with an unemployment rate of just 0.8%.
Bancroft Quick Facts
How Bancroft Changed
Change from the non-overlapping 2015–2019 ACS period to 2020–2024. Earlier dollar figures are adjusted to 2024 dollars; changes marked “no clear change” are within the combined 90% margins of error.
| Metric | 2015–2019 | 2020–2024 | Change |
|---|---|---|---|
| Population | 477 | 469 | No clear change (-1.7%) |
| Median household income | $59,997 | $90,000 | No clear change (+50.0%) |
| Median home value¹ | $103,626 | $135,600 | No clear change (+30.9%) |
| Median gross rent | $885 | $944 | No clear change (+6.7%) |
How Bancroft Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
- White: 88.3%
- Black: 0.4%
- Hispanic: 4.5%
- Asian: 0.0%
- Other: 3.2%
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 45 | National average: 61
Education
Educational Attainment (Adults 25+)
- < High School: 9.2%
- HS Diploma: 35.9%
- Some College: 20.4%
- Associate's: 23.2%
- Bachelor's: 7.4%
- Graduate+: 3.9%
Bancroft Rankings in Michigan
Explore Michigan Rankings
Other Cities in Shiawassee County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Owosso | 14,632 | $54,229 | 17.2% | $132,600 |
| Durand | 3,483 | $66,743 | 9.4% | $140,300 |
| Corunna | 3,037 | $46,141 | 14.8% | $151,000 |
| Perry | 2,073 | $75,321 | 19.1% | $164,000 |
| Laingsburg | 1,769 | $77,400 | 24.0% | $210,100 |
| Morrice | 1,550 | $66,071 | 17.1% | $121,900 |
| Middletown | 799 | $46,250 | 34.8% | $90,700 |
| New Lothrop | 733 | $72,344 | 13.6% | $205,700 |
| Vernon | 697 | $69,625 | 16.1% | $133,400 |
| Byron | 617 | $58,958 | 12.4% | $165,400 |
Cities Similar to Bancroft
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Hubbardston | 464 | $83,750 | $128,400 | 10.5% | 11.0% |
| Northport | 465 | $100,357 | $295,200 | 56.3% | 8.5% |
| Cannonsburg | 510 | N/A | N/A | 58.4% | 0.0% |
| Shaftsburg | 441 | $94,100 | $233,400 | 4.5% | 2.9% |
| Mecosta | 464 | $73,516 | $96,200 | 10.6% | 18.5% |
A note before these figures: with a population of 469, 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 Michigan, within Shiawassee County. The total population is 469. It ranks as the 559th most populous out of 745 Census-designated places in Michigan.
Age Demographics
The median age in Bancroft is 34.8 years. This is 13% lower than the state median of 40.2 years.
Economy, Income & Housing
The median household income in Bancroft is $90,000. This is 23% higher than the state median of $72,875. It is also 11% higher than the national median of $80,734. The poverty rate stands at 9.8%. This is 26% lower than the state poverty rate of 13.2%. The unemployment rate is 0.8%. This is 86% lower than the state rate of 5.7%. The median home value is $135,600. Housing costs are 41% lower than the state median of $231,600. With a home-value-to-income ratio of just 1.5x, Bancroft is one of the most affordable housing markets in the area. 71.0% of occupied housing units are owner-occupied. This homeownership rate is 3% lower than the state average of 73.2%.
Race & Ethnicity
Bancroft has a predominantly White (non-Hispanic) population, comprising 88.3% of all residents. Hispanic or Latino residents account for 4.5%. The Black or African American population (0.4%) is well below the state average of 13.1%.
Education
11.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 65% lower than the state rate of 32.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 90.8%.
Data Sources & Methodology
All demographic data for Bancroft, Michigan 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 Michigan state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 745 Census-designated places in Michigan. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Bancroft, Michigan?
Bancroft, Michigan has a population of 469 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Bancroft, MI?
The median household income in Bancroft is $90,000, which is 11% higher than the national median of $80,734.
What is the poverty rate in Bancroft, MI?
The poverty rate in Bancroft is 9.8%. This means approximately 46 residents live below the federal poverty line.
What is the racial makeup of Bancroft, Michigan?
Bancroft's population is 88.3% White, 0.4% Black, 4.5% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Bancroft, MI?
The median home value in Bancroft is $135,600. The home-value-to-income ratio is 1.5x.
How educated is Bancroft, Michigan?
11.3% of adults (25+) in Bancroft hold a bachelor's degree or higher, and 3.9% hold a graduate or professional degree.