48414 Zip Code

April 25, 2024

Zip Code:	48414
City/Town:	Bancroft
State:	Michigan

Population:	2,492
Per Capita Income:	$22,134
Mean Household Income:	$64,294

Total Housing Units:	934
Median Home Value:	$98,300
Median Year Homes Built:	1962

Land Area:	32.2 sq miles 83.3 sq kilometers
Water Area:	1.1 sq miles 2.7 sq kilometers

Population Information (48414 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

2,492

Male:

1,302

52.2%

49.2%

Female:

1,190

47.8%

50.8%

Median Age:

42.6 yrs

37.2 yrs

Under 5 years:

125

5.0%

6.5%

5 to 9 years:

140

8.1%

6.6%

10 to 19 years:

387

15.5%

13.8%

20 to 29 years:

222

8.9%

13.8%

30 to 39 years:

261

10.5%

13.0%

40 to 49 years:

432

17.3%

14.2%

50 to 59 years:

443

17.8%

13.6%

60 to 69 years:

271

10.9%

9.4%

70 to 79 years:

142

5.7%

5.4%

80 years and over:

2.8%

3.7%

Housing Information (48414 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$98,300

$119,600

Median year homes build:

1962

1971

Median real estate taxes:

$909 / yr.

$1,334 / yr.

Median rent:

$417 / mo.

$519 / mo.

Total households:

934

Family households:

700

74.9%

66.4%

Nonfamily households:

234

25.1%

33.6%

Households with individuals under 18 years:

314

33.6%

33.4%

Households with individuals 65 years and over:

229

24.5%

24.9%

Average household size:

2.7

Average family size:

3.1

Total housing units:

1,047

Occupied housing units:

934

89.2%

88.6%

Vacant housing units:

113

10.8%

11.4%

For rent:

1.2%

3.1%

Rented, not occupied:

0.0%

0.2%

For sale only:

2.1%

1.4%

Sold, not occupied:

0.4%

0.3%

For seasonal, recreational, or occasional use:

3.8%

3.5%

All other vacants:

3.2%

2.8%

Homeowner vacancy rate:

2.6%

2.4%

Rental vacancy rate:

10.8%

9.2%

Owner-occupied housing units:

827

Population in owner-occupied housing units:

2,195

Average household size of owner-occupied units:

2.7

2.65

Renter-occupied housing units:

107

Population in renter-occupied housing units:

297

Average household size of renter-occupied units:

2.8

2.44

Educational Attainment (48414 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

1,692

Less than 9th grade:

3.4%

6.2%

9th to 12th grade, no diploma:

168

9.9%

8.7%

High school graduate (includes equivalency):

762

45.0%

29.0%

Some college, no degree:

423

25.0%

20.6%

Associate degree:

124

7.3%

7.5%

Bachelor's degree:

102

6.0%

17.6%

Graduate or professional degree:

3.3%

10.3%

Percent high school graduate or higher:

86.7%

85.0%

Percent bachelor's degree or higher:

9.3%

27.9%

Income Information (48414 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

930

37.3%

50.4%

Median income:

$31,108 / yr.

$27,932 / yr.

Full-time, year-round workers:

532

21.3%

59.7%

Median income:

$42,328 / yr.

$38,349 / yr.

Females 15 years and over with income:

843

33.8%

49.6%

Median income:

$12,003 / yr.

$16,327 / yr.

Full-time, year-round workers:

267

10.7%

40.3%

Median income:

$24,732 / yr.

$28,135 / yr.

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