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ZipNumbers

Iowa · Census place 04420

Bancroft city, IA

Quick answer

Bancroft city has 668 residents, ranking #404 of 1026 places in Iowa. Median household income is $48,571, the median home is worth $88,200 and median gross rent runs $713 a month.

Population
668Bancroft city residents
Median household income
$48,571Past 12 months, inflation adjusted
Median home value
$88,200Owner-occupied units
Median gross rent
$713Rent plus utilities, monthly
Median age
34.3 yrsAll residents
Homeownership rate
68.1%Owner-occupied households

What the numbers mean in Bancroft city

Housing cost measured against local earnings.

A household earning the Bancroft city median would spend about 17.6% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 14.9% of residents and 68.1% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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