Home prices
Bancroft's median home value is $84,200. This is about $9,300 (9%) lower in comparison to its nearby areas.In comparison to the entire country it is roughly $133,300 (61%) lower, and is about $35,000 (71%) higher in comparison to the city of Detroit.
Rents
The median monthly rent in Bancroft is $719. In comparison to its nearby areas this is about $33 (4%) higher.In comparison to the US as a whole it is roughly $343 (32%) lower, and compared to the city of Detroit it is approximately $105 (12%) lower.
Nearby places
Durand
Durand is roughly 4 miles northeast from Bancroft. Real estate prices there are somewhat less expensive. The median home in Durand is valued at $74,100, which comes out to $10,100 (13%) lower than Bancroft. The rent there is fairly similar. Durand's median monthly rent is $747, which is $28 (3%) higher than Bancroft.
Vernon
Vernon is about 4 miles north from Bancroft. Real estate prices there are a little more expensive. Vernon's median home cost is $97,200, which is $13,000 (13%) higher than Bancroft. Rent there is fairly similar. In Vernon the median monthly rent is $725, which is very similar to Bancroft.
Morrice
Morrice is roughly 5 miles southwest of Bancroft. Housing prices there are somewhat more expensive. The price of the median home in Morrice is $101,300, which comes out to $17,100 (16%) higher than Bancroft. The rent there is pretty similar. The median rent in Morrice is $693 a month, which works out to $26 (3%) lower than Bancroft.
Byron
Byron is approximately 6 miles southeast from Bancroft. Its real estate prices are somewhat more expensive. The median home in Byron costs $109,200, which works out to $25,000 (22%) higher than Bancroft. Its rents are somewhat less expensive. Byron's median monthly rent is $625, which comes out to $94 (15%) lower than Bancroft.
Gaines
Gaines is roughly 6 miles east of Bancroft. Its real estate prices are fairly similar. The median home in Gaines is valued at $85,700, which comes out to $1,500 (1%) higher than Bancroft. Its rents are a little less expensive. Gaines's median rent is $640 a month, which comes out to $79 (12%) lower than Bancroft.
