Housing in Bancroft, MN is quite affordable compared to the US average. The median housing value in Bancroft is $278,000, which is substantially lower than the US median of $338,100. Not only are homes more affordable in Bancroft, but they have also appreciated at a higher rate than the national average. Over the past year, the US saw an 8.27% increase in house values while Bancroft enjoyed an 11.33% appreciation rate for their homes. This indicates that investing in a home in Bancroft could be a great long-term decision with potential for high rewards.
The median home cost in Bancroft is $278,000. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Bancroft is up 11.6%.
Average Age of Homes
- The median age of Bancroft real estate is 54 years old
The Rental Market in Bancroft
- Renters make up 7.9% 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.