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NEIGHBORHOOD

Bancroft

Minnesota · Minneapolis · 6,429 residents · 0.655 sq mi
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The short version

Bancroft is wealthier than most US places, with a median household income of $90,977. Population has held roughly steady since 2024. 54% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $335,024. At a median age of 34.5, residents skew younger than the country as a whole. 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
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%
BARS: THIS PLACE · TICKS: 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%
Owner cost-burdened
20.0%
US average: 22.9%
Renter cost-burdened
46.8%
US average: 47.4%
Afford Score
3.7
RELATED:See current rent listings in Bancroft on RentDataNow
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)
Diversity Score78.1%(5,018)
2024
White, non-Hispanic54.7%(3,516)
Black7.1%(455)
Hispanic / Latino24.8%(1,597)
Asian4.8%(306)
Other8.6%(555)
Diversity Score78.1%(5,018)
Diversity Score
78
Section 05

Education

Bachelor's degree or higher
54.1%
US average: 35.6%
High school or higher
90.5%
US average: 89.6%
Graduate degree
21.7%
US average: 14.0%
Section 06

Commute & transportation

Average commute
25.3 min
US average: 26.5
Drive alone to work
55.4%
US average: 68.9%
Carpooled to work
4.8%
US average: 8.5%
Public transit
8.4%
US average: 3.2%
Worked from home
27.3%
US average: 15.0%
Walked to work
2.4%
US average: 2.4%
Biked to work
1.4%
US average: 0.4%
No vehicle available
7.0%
US average: 8.3%
Section 07

Work & employment

Unemployment rate
5.5%
US average: 5.2%
Labor force participation
78.5%
US average: 63.5%
Self-employed
18.2%
US average: 13.1%
Management & professional
51.9%
US average: 42.5%
Section 08

People & community

Male
50.4%
Female
49.6%
Foreign born
14.2%
US average: 14.1%
Veterans
2.8%
US average: 6.2%
With a disability
10.2%
US average: 13.3%
Uninsured
5.7%
US average: 8.4%
Broadband at home
96.5%
US average: 91.0%
English only at home
70.8%
US average: 77.7%
Spanish at home
22.1%
US average: 13.6%
Explore

Neighborhoods in Minneapolis

CalhounCedar-RiversideCentralCorcoranDowntown WestEast HarrietElliot ParkFultonHawthorneHiawathaHoweJordanKingfieldLongfellowLoring ParkMarcy HolmesNear NorthNorth LoopPowderhorn ParkProspect ParkSewardUniversity DistrictVenturaWebber-CamdenWhittierWillard HayWindom ParkNeighborhoods in Minneapolis
Drill deeper

Places similar to Bancroft

RP Sports Complex
Pop 6,096
Tahoe Park
Pop 7,014
Elysian Valley
Pop 6,377
Southmoor Park
Pop 6,194
Places similar to Bancroft
Head to head

Compare Bancroft side by side

BANCROFT VS
RP Sports Complex
Income$88,031−3%
Home value$455,550+36%
Population6,096−5%
SEE FULL COMPARISON →
BANCROFT VS
Tahoe Park
Income$89,381−2%
Home value$533,642+59%
Population7,014+9%
SEE FULL COMPARISON →
BANCROFT VS
Elysian Valley
Income$98,825+9%
Home value$918,726+174%
Population6,377−1%
SEE FULL COMPARISON →
BANCROFT VS
Southmoor Park
Income$99,743+10%
Home value$703,451+110%
Population6,194−4%
SEE FULL COMPARISON →
Frequently asked

How many people live in Bancroft, Minneapolis, Minnesota?

Bancroft, Minneapolis, Minnesota has about 6,429 residents according to the 2024 American Community Survey.

What is the median household income in Bancroft, Minneapolis, Minnesota?

The typical household in Bancroft, Minneapolis, Minnesota earns about $90,977 a year. Half of households make more than that, and half make less.

Is Bancroft, Minneapolis, Minnesota expensive?

In Bancroft, Minneapolis, Minnesota, the median home is worth about $335,024, and the typical rent is about $1,365 a month.

How educated are people in Bancroft, Minneapolis, Minnesota?

About 54.1% of adults age 25 and over in Bancroft, Minneapolis, Minnesota hold a bachelor's degree or higher.

What is the poverty rate in Bancroft, Minneapolis, Minnesota?

About 10.3% of people in Bancroft, Minneapolis, Minnesota live below the federal poverty line.

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Containing area
Minneapolis

DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →