Bancroft, MI housing market
The typical Bancroft home is worth about $217,000, up 6.1% in a year, 18% below the Michigan typical home.
Home values, sales, trends and how Bancroft compares with the towns next door — updated as new data is published.
Bancroft at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Bancroft | Michigan |
|---|---|---|
| 2017 | $112,000 | $144,000 |
| 2018 | $109,000 | $155,000 |
| 2019 | $129,000 | $165,000 |
| 2020 | $145,000 | $175,000 |
| 2021 | $163,000 | $194,000 |
| 2022 | $175,000 | $217,000 |
| 2023 | $180,000 | $230,000 |
| 2024 | $188,000 | $241,000 |
| 2025 | $203,000 | $253,000 |
| 2026 | $212,000 | $262,000 |
| August 2026 | $217,000 | $266,000 |
No new homes permitted in 2019
No permits for new homes were issued in Bancroft in 2019 or in any year since 2010.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Bancroft's population fell by 61 and no new homes were permitted. Across Michigan: 1.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
Bancroft's permit office didn't report to the Census in 2019, so the 2019 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,050
HUD's Fair Market Rent for a two-bedroom in Bancroft is $1,050 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Bancroft pay a median of $944, so moving in tends to cost more than staying put.
Studio $780 · 4 bedrooms $1,550
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (48414; Shiawassee County, MI), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Bancroft
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.