Bancroft, Michigan Mortgage and Housing Information

Population: 616
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.

Median price asked in year 2000	$75,000

A comparison of the average prices of homes in Bancroft, Michigan and the U.S.
	U.S.	Michigan	Bancroft
Median home value in year 2000	$111,800	$110,300	$81,500

Median owner costs for owner-occupied houses and condos in year **2000**
	U.S.	Michigan	Bancroft
With a mortgage	$1,088	$972	$759
Without a mortgage	$295	$288	$246

Types of mortgages for owner-occupied Single-family Houses in Bancroft (2000)
Mortgage Type	Number of Single-family Houses	Percent of total
Without a mortgage	57	34.1%
First Mortgage Only	88	52.7%
Second Mortgage and/or Home Equity Loan	22	13.2%
Total	167	100%

Median age for males and females (2000).
Males	32
Females	32

Males earn $17,812 (132.5%) more than Females in Bancroft.

Level of higher education for people over 25 years in Bancroft (2000).
Level	Number of Males	Percent of Males	Number of Females	Percent of Females
Some College	28	15.6%	34	19.0%
Associate Degree	6	3.4%	18	10.1%
Bachelor's Degree	7	3.9%	4	2.2%
Master's Degree	3	1.7%	0	0.0%
Professional Degree	0	0.0%	0	0.0%
Doctorate Degree	0	0.0%	3	1.7%
Total (at least some college)	44	24.6%	59	30.3%
Total over 25	179	100%	195	100%

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