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Bancroft, Michigan Mortgage and Housing Information
Population: 616
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.
Lifestyle in Bancroft
Income
| U.S. | Michigan | Bancroft | |
|---|---|---|---|
| Median Earnings | $23,755 | $25,271 | $19,500 |
| Median Earnings, Males | $29,458 | $32,766 | $31,250 |
| Median Earnings, Females | $18,957 | $18,677 | $13,438 |
Males earn $17,812 (132.5%) more than Females in Bancroft.
Commuting in Bancroft
Means of transportation to work, workers over 16 years old.
| Means of Transport | Number of People |
|---|---|
| Car, solo | 209 |
| Carpooled | 42 |
| Public Transit | 0 |
| Bicycle | 0 |
| Walking | 7 |
| Other Means | 0 |
| Total, Commuted | 258 |
| Worked from home | 3 |
| Total | 261 |
Time Spent Commuting in Bancroft
Time spent commuting in Bancroft
| Time spent in minutes | Number of People |
|---|---|
| Less than 5 | 11 |
| 5-9 | 11 |
| 10-14 | 26 |
| 15-19 | 20 |
| 20-24 | 25 |
| 25-29 | 17 |
| 30-34 | 42 |
| 35-39 | 26 |
| 40-44 | 29 |
| 45-59 | 26 |
| 60-89 | 11 |
| Over 90 | 14 |
Education
| Level | Number of Males | Percent of Males | Number of Females | Percent of Females |
|---|---|---|---|---|
| Some College | 28 | 15.6% | 34 | 19.0% |
| Associate Degree | 6 | 3.4% | 18 | 10.1% |
| Bachelor's Degree | 7 | 3.9% | 4 | 2.2% |
| Master's Degree | 3 | 1.7% | 0 | 0.0% |
| Professional Degree | 0 | 0.0% | 0 | 0.0% |
| Doctorate Degree | 0 | 0.0% | 3 | 1.7% |
| Total (at least some college) | 44 | 24.6% | 59 | 30.3% |
| Total over 25 | 179 | 100% | 195 | 100% |
Housing in Bancroft
Cost of Single-Family Houses
| Median price asked in year 2000 | $75,000 |
|---|
Value of Houses and Condos
| U.S. | Michigan | Bancroft | |
|---|---|---|---|
| Median home value in year 2000 | $111,800 | $110,300 | $81,500 |
Monthly Owner Costs
| U.S. | Michigan | Bancroft | |
|---|---|---|---|
| With a mortgage | $1,088 | $972 | $759 |
| Without a mortgage | $295 | $288 | $246 |
Tenancy in Bancroft
| Owner-occupied homes | 167 |
|---|---|
| Renter-occupied homes | 36 |
| Homes for sale | 2 |
| Homes for rent | 2 |
| Total | 218 |
Ownership of Single-family Houses
Types of mortgages for owner-occupied Single-family Houses in Bancroft (2000)
| Mortgage Type | Number of Single-family Houses | Percent of total |
|---|---|---|
| Without a mortgage | 57 | 34.1% |
| First Mortgage Only | 88 | 52.7% |
| Second Mortgage and/or Home Equity Loan | 22 | 13.2% |
| Total | 167 | 100% |
Age of Bancroft Residents
| Males | Females |
|---|---|
| 32 | 32 |
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