Bancroft is a neighborhood of 6,429 people in Minneapolis. 54% of adults hold a bachelor's degree, against 36% nationally. Density works out to 9,815 people per square mile. The median age is 34.5, younger than the US median of 38.9. Owners hold 71% of the housing stock. Median home value sits at $335,024. These figures are approximated by combining the 2 census tracts that make up Bancroft; the Census Bureau does not tabulate data for neighborhoods directly.
At a glance
Wealthier
above the US median
US median: $82,259
Younger
median age 34.5
US median: 38.9
More educated
54% hold a bachelor's degree
US average: 36%
Owner-heavy
71% owner-occupied
US average: 65%
Section 01
Population & growth
Total population
6,429
Population density
9,815 / sq mi
US average: 281
Median age
34.5
US average: 38.9
Land area
0.66 sq mi
Section 02
Income & economy
Median household income
$90,977
US average: $82,259
Per capita income
$53,898
US average: $44,673
Households earning $100K+
61.0%
US average: 53.3%
Poverty rate
10.3%
US average: 12.5%
Income inequality (Gini)
0.453
US average: 0.476
Workforce by industry, 2024
Information10.9%
US avg: 10.8%
Other services8.2%
US avg: 6.7%
Retail trade7.2%
US avg: 9.9%
Finance & insurance5.9%
US avg: 5.9%
Professional, scientific, technical5.6%
US avg: 5.1%
Public administration5%
US avg: 4.8%
Wholesale trade3.5%
US avg: 6.9%
Arts, entertainment, food2.4%
US avg: 1.9%
Transportation & warehousing2.3%
US avg: 2.2%
Agriculture, forestry, fishing0.5%
US avg: 1.6%
Construction0.5%
US avg: 1.2%
Education & health services0.4%
US avg: 0.9%
Manufacturing0%
US avg: 0.4%
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 03
Housing
Median home value
$335,024
US average: $376,019
Median gross rent
$1,365
US average: $1,442
Owner-occupied
70.7%
29.3% rent
Vacancy rate
4.9%
US average: 10.0%
Persons per household
2.39 people
US average: 2.54
Owner cost-burdened
20.0%
US average: 22.9%
Renter cost-burdened
46.8%
US average: 47.4%
Afford Score
3.7
Years of local income it takes to buy a local home, on a scale of about 0 to 15. Lower is more affordable.
Section 04
Race & ethnicity
2024
White, non-Hispanic54.7%(3,516)
Black7.1%(455)
Hispanic / Latino24.8%(1,597)
Asian4.8%(306)
Other8.6%(555)
2024
White, non-Hispanic54.7%(3,516)
Black7.1%(455)
Hispanic / Latino24.8%(1,597)
Asian4.8%(306)
Other8.6%(555)
Diversity Score
78
Our index, 0 to 100. Higher means a more even mix of racial and ethnic groups.
