Bancroft, MN
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Bancroft, MN: Quick Facts & Overview
- Population: 21,377 residents (59 people per sq. mi.)
- Average House Price: $166,962
- Average Household Income: $68,846
Bancroft, MN is located in the state of Minnesota. It is home to about 21,377 people, with around 59 residents living in every square mile.
If you want to buy a house in Bancroft, the average price is around $166,962. That makes local housing 36% lower than the Minnesota average of $260,056, and 46% lower than the national average of $308,592.
The average household in Bancroft earns about $68,846 a year. This income is 16% lower than the average family in Minnesota ($82,068), and 13% lower than the national average ($78,686).
Population
21,377
Median Household Income
$68,846
Median Home Value
$166,962
Median Age
44.3 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $37,305 |
| Labor Force Participation | 58.4% |
| Unemployment Rate | 5.2% |
| Average Commute Time | 17.9 mins |
Housing & Community Metrics
| Home Ownership Rate | 76.7% |
| Median Rent | $855 |
| Rent Burdened (>30% Income) | 31.0% |
| Total Housing Units | 8,911 |
Additional Census & Housing Profile
Geographic Overview
| County | Freeborn |
| County FIPS | 27047 |
| Metro Area (CBSA) | Albert Lea, MN |
| Population Density | 58.7/sq mi |
| Coordinates (lat/lng) | 43.7016, -93.3552 |
| Timezone | America/Chicago |
| National Ranking | 4 |
| Incorporated | No |
Household Structure
| Average Family Size | 2.93 |
| Dual Income Families | 47.8% |
Marital Status
| Married | 45.0% |
| Never Married | 31.6% |
| Divorced | 14.2% |
| Widowed | 9.2% |
Gender
| Male | 50.5% |
| Female | 49.5% |
Health & Poverty
| Uninsured Rate (Health) | 7.5% |
| Poverty Rate | 11.7% |
Key Population Groups
| Veterans | 7.7% |
| Disabled Population | 15.0% |
| Limited English Proficiency | 1.7% |
All ZIP Codes in Bancroft
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 56007 | 21,377 | $68,846 | $166,962 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Albert Lea, MN | 3.3 miles | 18,330 |
| Clarks Grove, MN | 4.4 miles | 636 |
| Hayward, MN | 6.5 miles | 231 |
| Hollandale, MN | 8.5 miles | 340 |
| Geneva, MN | 9.4 miles | 387 |
| Glenville, MN | 9.6 miles | 572 |
| Hartland, MN | 9.6 miles | 422 |
| Alden, MN | 11.1 miles | 629 |
| Freeborn, MN | 11.3 miles | 348 |
| Ellendale, MN | 12.1 miles | 754 |
| Emmons, MN | 14.9 miles | 363 |
| New Richland, MN | 15 miles | 1,184 |
| Wells, MN | 18.8 miles | 2,296 |
| Austin, MN | 18.9 miles | 26,358 |
| Blooming Prairie, MN | 18.9 miles | 1,843 |
| Northwood, IA | 19.1 miles | 2,040 |
| Mapleview, MN | 19.1 miles | 110 |
| Lansing, MN | 19.7 miles | 152 |
| Kiester, MN | 21.1 miles | 494 |
| Lake Mills, IA | 21.6 miles | 2,088 |
| Waldorf, MN | 23.4 miles | 171 |
| Joice, IA | 23.9 miles | 207 |
| Brownsdale, MN | 24.5 miles | 850 |
| Lyle, MN | 24.7 miles | 504 |
| Bricelyn, MN | 24.9 miles | 392 |
| Kensett, IA | 25.1 miles | 270 |
| Waltham, MN | 25.3 miles | 182 |
| Minnesota Lake, MN | 25.5 miles | 687 |
| Rose Creek, MN | 27.2 miles | 429 |
| Waseca, MN | 27.3 miles | 9,164 |
| Owatonna, MN | 27.6 miles | 26,498 |
| Easton, MN | 27.6 miles | 178 |
| Hayfield, MN | 28.5 miles | 1,395 |
| Leland, IA | 29.1 miles | 306 |
| Hanlontown, IA | 29.1 miles | 249 |
| Grafton, IA | 29.4 miles | 271 |
| Manly, IA | 29.6 miles | 1,320 |
| Frost, MN | 29.6 miles | 275 |
| Claremont, MN | 29.7 miles | 502 |
| Pemberton, MN | 30.1 miles | 223 |
| Fertile, IA | 30.5 miles | 255 |
| Thompson, IA | 31.1 miles | 459 |
| St. Ansgar, IA | 31.2 miles | 1,206 |
| Rake, IA | 32.1 miles | 190 |
| Medford, MN | 32.7 miles | 1,257 |
| Dexter, MN | 32.7 miles | 350 |
| Adams, MN | 33.2 miles | 745 |
| Delavan, MN | 33.4 miles | 160 |
| Plymouth, IA | 33.5 miles | 407 |
| Dodge Center, MN | 33.7 miles | 2,880 |
| Mapleton, MN | 33.7 miles | 1,728 |
| Forest City, IA | 33.8 miles | 4,290 |
| Janesville, MN | 33.9 miles | 2,378 |
| Stacyville, IA | 33.9 miles | 545 |
| Mitchell, IA | 35.8 miles | 117 |
| Morristown, MN | 36.4 miles | 1,265 |
| Buffalo Center, IA | 36.5 miles | 911 |
| St. Clair, MN | 36.5 miles | 710 |
| Rock Falls, IA | 36.7 miles | 119 |
| Blue Earth, MN | 37.5 miles | 3,165 |
| Waterville, MN | 37.7 miles | 1,947 |
| Kasson, MN | 38 miles | 7,050 |
| Elysian, MN | 38.4 miles | 676 |
| Warsaw, MN | 38.4 miles | 560 |
| West Concord, MN | 38.6 miles | 843 |
| Mason City, IA | 39 miles | 27,050 |
| Mantorville, MN | 39.1 miles | 1,047 |
| Elmore, MN | 39.1 miles | 451 |
| Clear Lake, IA | 39.2 miles | 7,607 |
| Grand Meadow, MN | 39.2 miles | 1,011 |
| Crystal Lake, IA | 39.7 miles | 283 |
| Osage, IA | 39.8 miles | 3,561 |
| Ventura, IA | 40 miles | 733 |
| Winnebago, MN | 40.9 miles | 1,280 |
| Eagle Lake, MN | 41.3 miles | 3,281 |
| Good Thunder, MN | 41.4 miles | 456 |
| Faribault, MN | 41.5 miles | 24,631 |
| High Forest, MN | 41.5 miles | 124 |
| Madison Lake, MN | 41.8 miles | 1,322 |
| Amboy, MN | 42.1 miles | 602 |
| Nora Springs, IA | 42.2 miles | 1,363 |
| Byron, MN | 42.5 miles | 6,646 |
| Woden, IA | 42.8 miles | 219 |
| Lakota, IA | 43.3 miles | 266 |
| Garner, IA | 43.4 miles | 3,049 |
| Kenyon, MN | 43.5 miles | 1,824 |
| Kilkenny, MN | 43.8 miles | 125 |
| Racine, MN | 43.9 miles | 416 |
| Le Roy, MN | 44.3 miles | 803 |
| Vernon Center, MN | 44.3 miles | 329 |
| Stewartville, MN | 44.6 miles | 6,807 |
| Ledyard, IA | 44.7 miles | 112 |
| Mankato, MN | 44.9 miles | 45,473 |
| Skyline, MN | 45.4 miles | 307 |
| Rudd, IA | 45.7 miles | 481 |
| Riceville, IA | 46.5 miles | 823 |
| Nerstrand, MN | 46.6 miles | 215 |
| Ostrander, MN | 46.8 miles | 313 |
| Titonka, IA | 47 miles | 452 |
| Garden City, MN | 47.2 miles | 194 |