Bancroft, IA
Population 668 · Iowa
About Bancroft, IA
Bancroft is a small community in Iowa with a population of 668 residents. The median household income is $48,571 per year, which is below the national average. The median age in Bancroft is 34.3 years.
Housing in Bancroft has a median home value of $88,200 and median monthly rent of $713. Of the 325 total housing units, the majority are owner-occupied, with 192 owner-occupied and 90 renter-occupied units.
The unemployment rate in Bancroft is 0.9% and the poverty rate is 14.9%. 13.2% of residents hold a bachelor's degree or higher. The average commute time is 14.6 minutes.
Cost of Living in Bancroft, IA
Compared to national averages, Bancroft has a median household income of $48,571 (35% below the national median of $75,149). Home values average $88,200, which is 64% below the national median. Monthly rent at $713 is 39% below the US average of $1,163. Within Iowa, Bancroft's income is 29% below the state average of $67,947, and home values are 33% below the state median of $132,237.
Why Live in Bancroft, IA?
Bancroft offers affordable housing with a median home value of $88,200, below the US average of $244,900, and rent that’s lower than the national average at $713/month, and a strong job market with an unemployment rate of just 0.9%. Additionally, the city features short commute times averaging just 14.6 minutes.
Potential considerations include median household income ($48,571) that falls below the national average. However, Bancroft’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Bancroft has a population of 668 with a median age of 34.3 years. Compare Bancroft with other cities to see how it stacks up, or explore all cities in Iowa.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Bancroft
What is the population of Bancroft, IA?
The population of Bancroft, IA is 668 according to the latest Census data.
What is the median household income in Bancroft?
The median household income in Bancroft, IA is $48,571 per year.
What is the median home value in Bancroft?
The median home value in Bancroft, IA is $88,200.
What is the average rent in Bancroft?
The median monthly rent in Bancroft, IA is $713.
What is the unemployment rate in Bancroft?
The unemployment rate in Bancroft, IA is 0.9%.