Housing

Bancroft had its highest level of vacant housing units in 1990 – 4 percent – and then they dropped to 3 percent in 2000. The total number of housing units shrank 37 percent between 1980 and 2000.

Bancroft's owner-occupied housing units steadily rose between 1990 and 2000, after a decline caused by boundary changes in the 1980s. They increased from 74 percent in 1990 to 79 percent in 2000, while the number of vacant housing units decreased.

Bancroft and the city each experienced their highest homeowner vacancy rates in 1990 at 2.8 percent and 1.9 percent respectively. The neighborhood in 2000 declined to a level lower than Minneapolis', 0.1 percent and 0.7 percent respectively. The rental vacancy rate in Bancroft rose between 1980 and 2000 to a level higher than Minneapolis'.

The median house value in Bancroft ran below the citywide figure between 1980 and 2000. The neighborhood was 13 percent lower in 1980, 8 percent in 1990 and 14 percent in 2000.

The percentage of median household income spent on median housing costs in Bancroft was below the citywide figure between 1980 and 2000. The neighborhood and city each met their highest levels in 1990.

Bancroft had a higher median gross rent than Minneapolis did between 1980 and 2000. The neighborhood rent ran 15 percent higher than Minneapolis' in 1980; the difference increased to 22 percent in 1990 and fell to 11 percent in 2000. Median gross rent in Bancroft increased 16 percent between 1980 and 2000, while rent in the city increased 20 percent (in 2000 dollars).

Median gross rent as a percentage of household income remained slightly lower in Bancroft than citywide in 1980 and 1990. In 2000, the neighborhood and Minneapolis each reported 18 percent.

Last updated Sep 27, 2011