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Bancroft village, MI

ZIP 48414 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48414

Median Home Value
$182,800
Median Rent
$744
Affordability Snapshot
$50,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,174/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

20.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 48414 in Bancroft village, MI, a household would need roughly $50,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,174. That sits below the local median household income ($66,071), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
92.7%+42% vs US avg
x
Vacancy Rate
4.8%-53% vs US avg
x
Broadband Access
88.5%+2% vs US avg
x
4+ Bedrooms
2.2%-85% vs US avg
x
Built Pre-1939
5.5%-57% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
9.9%-80% vs US avg
x
Mortgage-Free
42.7%+12% vs US avg
x
$182,800
Home Value
$744
Rent
1970
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached95.8%
  • 1-unit attached0.0%
  • 2-9 units1.1%
  • 10+ units0.0%
  • Mobile home & other3.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$182,800
Median rent$744
Owner-occupied92.7%
Vacant4.8%
Price-to-income2.8x
Est. income to buy$50,000