$317,981Average Value$209Average Price per Sq Ft10Homes For Sale
Life Moves at a Suburban Pace in This Minneapolis Neighborhood
Life in the Bancroft neighborhood unfolds at a comfortable suburban pace, despite its Minneapolis address. Here, where owning a home is more common than not, residents, a mix of families and young professionals, tend to enjoy a strong sense of community. Part of Bancroft's uniqueness lies in its dense network of parks and coffee shops, which helps facilitate that sense of togetherness. Whether seeking a quiet green space or a lively social hub, residents rarely have to stray far. Conveniently located between Interstate 35 West and State Highway 55 and just 5 miles from downtown, Bancroft is an urban commuter’s dream. “In Bancroft, you’ve got great access to public amenities, like transportation and the arts and nature, like the lakes, Minnehaha Creek, Minnehaha Falls and the Mississippi River,” says Realtor Mike Smith with Anderson Realty. “It’s also smaller and quieter than nearby neighborhoods – it’s a perfect location.”
Cape cods and tudor-style homes add their classic charm to the Bancroft neighborhood.
The falls at Minnehaha Regional Park are a popular sight with locals.
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This Neighborhood’s Nature is What Inspires Poems, Literally
One of Bancroft’s main attractions is its proximity to well-known lakes and parks. To the east is Minnehaha Creek, which runs through Minnehaha Regional Park. The 193-acre park features limestone bluffs, overlooks the Mississippi River and the stunning 53-foot waterfall celebrated in the Henry Wadsworth Longfellow poem, "The Song of Hiawatha." It’s one of the city’s oldest and most popular parks, attracting over 850,000 visitors annually. Walking around the hiking trails allows visitors to take in the decorative fountain and public art, while children run wild at the playground. Bancroft is walkable to Lake Nokomis to the south, which is a recreational lake with a fishing pier and includes the Nokomis Naturescape Garden and a popular sandy beach.
Minnehaha Falls is one of many must-see attractions at Minnehaha Regional Park.
Fishing piers are available around Lake Nokomis for the adventurous angler.
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School options are within neighborhood borders and nearby
Parents with school-age children can start them off at Bancroft Elementary School, a public magnet school with a generous student-teacher ratio of 12 to 1. The school has an A-plus grade from Niche in diversity, making it one of the most diverse schools in the state. El Colegio is a small public charter school serving grades 9-12 with a C-minus grade from Niche. The school teaches students to be comfortable and excel in a bilingual, bicultural environment. South High School, one of the best high schools in the district, is in neighboring Corcoran. With a B-plus grade from Niche, South is the largest and oldest among the city’s schools and brings the world to its students through a robust foreign language program. In addition to French, Spanish and German, the school offers Chinese, Latin and Ojibwe, an indigenous language of North America. Nearby Andersen United Middle School has a C grade from Niche and is known for its diversity and above-average teachers. arents with school-age children can start them off at Bancroft Elementary School, a public magnet school with a generous student-teacher ratio of 12 to 1. The school has an A-plus grade from Niche in diversity, making it one of the most diverse schools in the state. El Colegio is a small public charter school serving grades 9-12 with a C-minus grade from Niche. The school teaches students to be comfortable and excel in a bilingual, bicultural environment. South High School, one of the best high schools in the district, is in neighboring Corcoran. With a B-plus grade from Niche, South is the largest and oldest among the city’s schools and brings the world to its students through a robust foreign language program. In addition to French, Spanish and German, the school offers Chinese, Latin and Ojibwe, an indigenous language of North America. Nearby Andersen United Middle School has a C grade from Niche and is known for its diversity and above-average teachers.
Bancroft Elementary School is located in south Minneapolis.
El Colegio High School sits adjacent to Bancroft Meadows.
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Lower-than-average housing Prices Mean More Competition
Buying a house in Bancroft can prove an adventure for prospective homebuyers. “Inventory is low and the market is highly competitive – homes are selling in the first week unless they’re overpriced,” Smith says, adding that homes in Bancroft have a median sale price of $310,000. “The most popular price point in the Twin Cities is $350,000, and that’s what you have here.” Housing consists primarily of single-family homes, many from the 1920s and 30s. “The homes were sold in catalogs, like Sears and Roebucks, so cute little Craftsman bungalows with two bedrooms on the main level, bathroom, living room, dining room and small kitchen – that’s a really ubiquitous home style,” Smith says. Prices for single-family homes typically range between $310,000 and $425,000.
Craftsman-style homes are a common sight along Bancroft's quiet streets.
Cape cod style homes can be found in Bancroft.
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Most Places to Shop and Eat Are a Few Minutes Away From the Neighborhood
Bancroft is primarily residential but it is close to shopping and dining, which is a five-minute drive in any direction. There’s a host of independent and international markets for groceries and essentials and an ALDI in nearby Ventura Village. Residents enjoy a unique shopping experience a few blocks north at the Midtown Global Market. This internationally themed market has stalls where vendors hawk their foods and crafts from around the world. Those thirsty for cold beer and mouth-watering hamburgers routinely head to Lowbrow for their cheerful environment and comfort food made from locally sourced ingredients. Right across E. 38th Street, The Tiny Diner doesn’t disappoint with its elevated dishes, a cozy interior, a garden patio and retro-modern décor.
The Lowbrow, just west of Bancroft, is known for their locally-sourced hamburgers.
The food court at the Midtown Global Market north of Bancroft is a popular local food spot.
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Walk, Drive or Ride; Healthcare is Nearby
For those who prefer to ditch the car, Bancroft boasts a well-developed public transportation system. Metro Transit, the Twin Cities' public transportation agency, operates several bus lines that run through the neighborhood, connecting residents to downtown Minneapolis and other parts of the city. Additionally, the Blue Line light rail train has a station nearby, offering a convenient and scenic way to explore the city. Residents of Bancroft have access to excellent healthcare facilities. Several hospitals are located within a short distance, the Hennepin County Medical Center, which has a trauma center and Fairview Southdale Hospital, which also has emergency care, cardiology and orthopedics.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
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Minneapolis-St Paul International/Wold-Chamberlain
16 min drive
Bus
Chicago & 42nd St Station
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Cedar Ave S & 41st St E
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Bloomington Ave S & 38th St E
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Cedar Ave S & 40th St E
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Bloomington Ave S & 41st St E
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Bloomington Ave S & 42nd St E
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Chicago Ave S & 40th St E
Bancroft Demographics and Home Trends
On average, homes in Bancroft, Minneapolis sell after 38 days on the market compared to the national average of 52 days. The median sale price for homes in Bancroft, Minneapolis over the last 12 months is $350,000, up 27% from the median home sale price over the previous 12 months.
Bright and inviting, this 1-bed, 1-bath condo offers comfort, convenience, and great community amenities. The unit features engineered wood and carpet flooring, plus a private deck/patio recently updated for outdoor enjoyment.The building amenities include a heated garage, shared outdoor gathering patio, and a heated pool for year-round recreation. Conveniently located near parks, trails,
High-performing South Minneapolis 4plex. All units are 2BR/1BA. There are also 4 garage stalls accessible via the alley. High-efficiency boiler installed in 2013, & roof was replaced in 2024. The opportunity exists to increase rents, and also rent out large storage rooms in the basement. The building is currently enrolled in Minneapolis 4D program for a significant reduction in the tax bill.
Duplex with the potential to be converted into 4 units. Each side offers generous living space with strong rental potential, making it perfect for both owner-occupants and investors. Conveniently located near parks, shops, and public transportation , this property is a rare chance to add value and maximize income.24 hours notification.
Another great Listing Brought to you by Nicolas with Renters Warehouse, This Cool 1 Bed 1 Bath has about 600 sqft is well maintained, Great location of property, Located right off Cedar ave, about a 10 min drive to MSP Airport, Mall of America, 5 minutes away from lake Nokomis and plenty more fun paces to go, Gas, Water and Garbage is included with the rent, Tenants are responsible for
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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
