Zip 48414 (Bancroft, MI) Housing

The housing market in 48414 Bancroft, MI is deemed to be more affordable than the national average. The median value of a house in this area is $160,500 and has appreciated 6.41% in the past year. Although this appreciation rate lags behind the US House Median Value of 8.27%, it still provides an attractive opportunity for potential buyers looking to invest in the area.

The median home cost in Bancroft (zip 48414) is $160,500. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Bancroft (zip 48414) is up 12.8%.

Average Age of Homes

- The median age of Bancroft (zip 48414) real estate is 54 years old

The Rental Market in Bancroft (zip 48414)

- Renters make up 10.4% of the Bancroft (zip 48414) population
- 0.0% of houses and apartments in Bancroft (zip 48414), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Bancroft, Michigan	United States
	1,106.0	139,647,020.0
	51	42
	$160,500	$338,100
	12.8%	16.6%
	53.0%	57.0%
	118.0%	101.1%
	$12.54	$10.98
	$1,822	$2,690
	87.2%	57.4%
	5.4%	11.2%
	7.4%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	1.4%	3.6%
	4.0%	4.1%
Value of Owner-Occupied Housing
	1.1%	2.6%
	1.6%	2.4%
	2.2%	2.8%
	6.6%	3.9%
	6.7%	4.5%
	37.2%	11.3%
	19.6%	13.0%
	12.3%	20.1%
	9.4%	13.6%
	1.6%	8.3%
	1.6%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.2%	13.6%
	11.2%	13.6%
	9.9%	13.6%
	8.0%	13.2%
	21.1%	14.8%
	9.9%	13.6%
	11.2%	10.0%
	4.2%	4.7%
	30.6%	12.2%

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