Why Live in Bancroft
Bancroft, a neighborhood in Minneapolis, offers a suburban feel with a strong sense of community among its residents, which include families and young professionals. The area is known for its parks and coffee shops, fostering social interaction and outdoor activities. Bancroft's location between Interstate 35 West and State Highway 55, just 5 miles from downtown, makes it ideal for commuters. The neighborhood is close to Minnehaha Creek and Minnehaha Regional Park, a 193-acre park featuring limestone bluffs, a 53-foot waterfall, and various hiking trails. Lake Nokomis, with its fishing pier, Naturescape Garden, and sandy beach, is also within walking distance. Bancroft Elementary School and South High School are highly rated, providing quality education options. The neighborhood's housing market is competitive, with many homes dating back to the 1920s and 30s, including Craftsman bungalows. Bancroft is primarily residential but offers convenient access to shopping and dining, including the Midtown Global Market and local favorites like Lowbrow and The Tiny Diner. Public transportation is well-developed, with several bus lines and the Blue Line light rail nearby. Healthcare facilities such as Hennepin County Medical Center and Fairview Southdale Hospital are easily accessible. The neighborhood's crime rate is lower than the national average, contributing to its appeal for potential homebuyers.
Frequently Asked Questions
Is Bancroft a good place to live?
Bancroft is a good place to live. Bancroft is considered somewhat walkable and very bikeable with good transit options. Bancroft has 7 parks for recreational activities. It is very dense in population with 17.6 people per acre and a median age of 40. The average household income is $100,204 which is above the national average. College graduates make up 59.2% of residents. A majority of residents in Bancroft are home owners, with 30.3% of residents renting and 69.7% of residents owning their home. A
local real estate agent serving Bancroft can help you decide if this neighborhood is the right one for you. Learn more on our
Bancroft neighborhood guide.
Is Bancroft, MN a safe neighborhood?
Bancroft, MN is safer than the average neighborhood in the United States. It received a crime score of 3 out of 10.
How much do you need to make to afford a house in Bancroft?
The median home price in Bancroft is $365,900. If you put a 20% down payment of $73,200 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,900 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $81K a year to afford the median home price in Bancroft. The average household income in Bancroft is $100K.
What are the best public schools in Bancroft?
The best public schools that serve Bancroft are:
What are the best private schools in Bancroft?
The best private schools that serve Bancroft are:
What are the most popular zip codes in Bancroft, Minneapolis, MN?
What are the most popular neighborhoods near Bancroft, Minneapolis, MN?
Home Trends in Bancroft, MN
On average, homes in Bancroft, Minneapolis sell after 15 days on the market compared to the national average of 70 days. The median sale price for homes in Bancroft, Minneapolis over the last 12 months is $478,470.
Median Sale Price
$478,470
Median Single Family Sale Price
$335,800
Median Townhouse Sale Price
$323,990
Median 2 Bedroom Sale Price
$509,900
Median 1 Bedroom Sale Price
$194,999
Average Price Per Sq Ft
$284
Number of Homes for Sale
21
Last 12 months Home Sales
38
Median List Price
$365,900
Median Change From 1st List Price
0%