The housing market in Bancroft, MI is generally less expensive than the national average. The median value of a house in Bancroft is $160,100, while the US median value is significantly higher at $338,100. In terms of appreciation over the past year, the US experienced an 8.27% increase in house values but Bancroft had a somewhat lower appreciation rate of 6.41%. Despite being lower than some other areas, this still represents a healthy increase that can benefit homeowners.
The median home cost in Bancroft is $160,100. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Bancroft is up 12.8%.
Average Age of Homes
- The median age of Bancroft real estate is 78 years old
The Rental Market in Bancroft
- Renters make up 18.1% of the Bancroft population
- 0.0% of houses and apartments in Bancroft, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.