Section Image

Bancroft

Bancroft

$316,129 Average Value
$209 Average Price per Sq Ft
11 Homes For Sale

Bancroft blends a suburban feel with a convenient location

Bancroft is a neighborhood in south Minneapolis where most homes date back to the early 1920s. The quiet area has few businesses and a suburban feel, but several of the region’s top restaurants are nearby, as are large green spaces like Minnehaha Regional Park. A community garden and the Bancroft Meridian Food Forest reflect residents’ support of one another. Students are served by highly rated schools, and downtown fun is around 4 miles away, accessible by car or by bus.

Bancroft is south of downtown Minneapolis.
Bancroft is south of downtown Minneapolis.
Bancroft residents walk their dogs no matter the weather.
Bancroft residents walk their dogs no matter the weather.
1/2

What homebuyers often pay for Craftsman-style bungalows

In Bancroft, housing tells a consistent story. Many of the neighborhood’s homes were built in the early 1920s, with Craftsman-style bungalows as a defining look, and detached garages and fenced backyards as common features. Prices for these houses can range from the mid-$200,000s to the mid-$400,000s. Houses built between 1925 and 1960, including American Foursquares and ramblers, often sell between the upper $200,000s and the mid-$400,000s, and duplexes can run from less than $100,000 to the lower $600,000s. The neighborhood’s prices tend to be in line with Powderhorn Park to the north, but lower than in surrounding communities like Standish, Bryant and Northrop. “Inventory is low and the market is highly competitive – homes are selling in the first week unless they’re overpriced,” says Michael Smith, a Realtor with Anderson Realty.

Ramblers can be found in Bancroft.
Ramblers can be found in Bancroft.
Bungalows are found throughout Bancroft.
Bungalows are found throughout Bancroft.
1/2
Bancroft Elementary School serves the community.
Bancroft Elementary School serves the community.

Students have highly rated public and private school options

Students in Bancroft are zoned for the Minneapolis Public School District, which has a B Niche grade. Bancroft Elementary School is in the neighborhood, and South High School has an extensive world language department with classes teaching French, Spanish, Arabic, Somali, Dakota and Ojibwe. Private options include Lake Country School, a nearby Montessori-based school for prekindergarten through eighth grade that earns an A from Niche.

You can quickly get downtown or to the airport

It’s possible to get around Bancroft with or without a car. Interstate 35W is close to the neighborhood and can take drivers toward downtown, where companies like U.S. Bank have their headquarters, and the Minnesota Timberwolves and Lynx play basketball at the Target Center. It’s about a 4-mile drive that takes 10-25 minutes, depending on traffic. Metro Transit sends multiple bus routes through the area. Riders can get downtown in 30-45 minutes. There’s also a Metro Transit light rail station nearby that connects to Minneapolis-Saint Paul International Airport, roughly 7 miles out.

Bancroft has multiple Metro Transit bus stops.
Bancroft has multiple Metro Transit bus stops.
The Metro Transit light rail can get riders to the airport.
The Metro Transit light rail can get riders to the airport.
1/2

Play sports, go fishing or take pictures in front of a waterfall

Residents can quickly get to large green spaces like Powderhorn Park, where visitors can play sports or go fishing. The park also allows ice skating on its lake each winter. Phelps Field Park and 40th Street Park also have sports courts and playgrounds. A few miles away is Minnehaha Regional Park, one of the city's oldest parks — and one of its most popular. People from across the city come to take pictures at Minnehaha Falls, a 53-foot waterfall, and park trails allow for jogging and biking along Minnehaha Creek and the Mississippi River. South of the area, Lake Nokomis Park has two public beaches, a fishing pier and canoe rentals, with paved paths circling the lake. Inside the neighborhood, Bancroft Meadows is a small open space with a picnic area and walking paths, which people can explore with their pets.

Anglers can fish off a pier at Lake Nokomis Park.
Anglers can fish off a pier at Lake Nokomis Park.
Minnehaha Falls is the must-see attraction at Minnehaha Regional Park.
Minnehaha Falls is the must-see attraction at Minnehaha Regional Park.
1/2

The Bancroft Neighborhood Association supports the community

The Bancroft Neighborhood Association hosts several gatherings throughout the year. Some of the biggest annual events are a neighborhood-wide garage sale and an ice cream social. The association also oversees a community garden, where residents can apply for their own plots, and the Bancroft Meridian Food Forest, which has fruits and herbs for everyone.

Try a famous burger or freshly baked doughnuts

Bancroft is within a few miles of some of the most popular dining options in the region. You can grab a bite at spots like:

  • Matt's Bar, a dive famous for its Jucy Lucy burger stuffed with molten cheese
  • A Baker’s Wife, a pastry shop with doughnuts, cakes and other goods
  • The Lowbrow, a casual spot focused on comfort food
  • Hola Arepa, a restaurant specializing in Venezuelan-style arepas and cocktails
  • Midtown Global Market, an indoor hub of international food vendors
Residents can pick up groceries at nearby stores like Unity Foods, Aldi and the Seward Community Co-op.

Mama Sheila's House of Soul is a favorite for soul food.
Mama Sheila's House of Soul is a favorite for soul food.
The Lowbrow, just west of Bancroft, is known for its comfort food.
The Lowbrow, just west of Bancroft, is known for its comfort food.
1/2
Ryan Kohn
Written By
Ryan Kohn
Tyler McNair
Photography Contributed By
Tyler McNair
Daric Clarke
Video By
Daric Clarke

Agents Specializing in this Area

See All Agents

Schools

Source:
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. View GreatSchools Rating Methodology

Parks in this Area

Transit

Airport

Minneapolis-St Paul International/Wold-Chamberlain

16 min drive

Bus

Chicago & 42nd St Station

Bus

Cedar Ave S & 41st St E

Bus

Bloomington Ave S & 38th St E

Bus

Cedar Ave S & 40th St E

Bus

Bloomington Ave S & 41st St E

Bus

Bloomington Ave S & 42nd St E

Bus

Chicago Ave S & 40th St E

Reviews

Are you familiar with the Bancroft neighborhood? to let others know what life in this neighborhood is like.

Crime and Safety

1 - Low Crime, 10 - High Crime Bancroft US
Homicide 3 4
Sexual Assault 4 4
Assault with Weapon 4 4
Robbery 3 4
Burglary 4 4
Motor Vehicle Theft 3 4
Larceny 4 4
Crime Score 3 4

Source: WhatIsMyCrimeRisk.com

Neighborhood Facts

Number of Homes
1,179
Number of Homes for Sale
11
Median Year Built
1920
Months of Supply
3.10
Average Single Family Home Size Sq Ft
1,004
Significantly below the national average
1,933
Average 2 Bedroom Size Sq Ft
1,000
Average 1 Bedroom Size Sq Ft
642
Median Lot Size Sq Ft
5,227

Open Houses

Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$1,724
Median Single Family Home Rent
$1,725
Median 3 Bedroom Single Family Home Rent
$2,499

Demographics

Total Population
4,173
Median Age
40
Population Density
18 ppl/acre
Population under 18
22.1%
On par with the national average
23.8%
Population over 65
13.9%
Below the national average
19.1%

Finances

Median Household Income
$82,463
On par with the national average
$79,597
Average Household Income
$100,204

Education and Workforce

High School Graduates
95.1%
College Graduates
59.2%
Significantly above the national average
34.1%
Advanced Degrees
18%
% Population in Labor Force
79.8%
Above the national average
64.9%

Weather

Annual Precipitation
31''
Average Winter Low Temperature
9°F
Average Summer High Temperature
83°F
Annual Snowfall
60''

Area Factors

Moderately bikeable

Bikeability®

60 / 100

Moderately walkable

Walkability®

60 / 100

Good public transit

Transit®

60 / 100
Source: Local Logic
Sources: Local Logic

Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Nearby Neighborhoods

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.
NEIGHBORHOOD
Bancroft
Jennifer Wilson
Wits Realty
Section Image