Living in Bancroft, West Virginia
Cost of living, income, home prices, rent and demographics of Bancroft · Census data 2020–2024
Bancroft has 475 residents with a median age of 31.3. The median household income is $94,375 (58% higher than the West Virginia median), the median home value is $116,400, the median rent is $842/month.
Bancroft is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Bancroft at a glance
- Population
- 475
- Median age
- 31.3State: 42.7
- Median household income
- $94,375State: $59,608
- Median home value
- $116,400State: $162,600
- Median rent
- $842/moState: $872
- Homeowners
- 76.7%
- Bachelor's degree or higher
- 4.6%
- Average commute
- 26 min
Is Bancroft a good place to live?
Pros: Median household income 58% higher than the West Virginia median; home values 28% lower than the state median; an average commute of 26 minutes; unemployment of 0.7%; a poverty rate of 10.9%.
The weather is best in May–June and September–October.
Cost of living in Bancroft
Housing is the biggest part of the cost of living. In Bancroft the median home value is $116,400, 65% lower than the U.S. median. Renters pay a median of $842 per month, which is 29.8% of household income. Homeowners with a mortgage pay $967 a month in housing costs.
Bancroft median household income
The median household income in Bancroft is $94,375 and the income per person is $58,617. 10.9% of residents live below the poverty line (West Virginia: 16.7%).
Housing in Bancroft: homes for sale and rent
- Housing units
- 231
- Owner-occupied
- 76.7%
- Renter-occupied
- 23.3%
- Vacant
- 12.6%Includes seasonal homes
- Median year built
- 1967
- Average household size
- 2.35
Bancroft demographics
- Population
- 475
- Median age
- 31.3
- Under 18
- 14.1%
- 65 and older
- 16.8%
- Households
- 202
- Foreign-born
- 0.6%
- Veterans
- 4.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Bancroft ›
Education in Bancroft
4.6% of adults 25 and older in Bancroft have a bachelor's degree or higher (West Virginia: 24.1%), and 2.3% have a graduate or professional degree.
Jobs and commute in Bancroft
- Unemployment rate
- 0.7%State: 5.4%
- Average commute
- 26 minState: 27 min
- Work from home
- 2.7%
- Drive alone
- 89.6%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 70.8%
Bancroft vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Bancroft | 475 | $94,375 | $116,400 | $842 |
| Hometown | 756 | $28,876 | $142,600 | — |
| Winfield | 2,918 | $103,276 | $257,100 | $1,009 |
| Poca | 872 | $77,292 | $170,500 | $864 |
| Eleanor | 1,726 | $78,578 | $255,400 | $1,070 |
| Teays Valley | 14,151 | $108,741 | $278,000 | $1,102 |
| Cross Lanes | 9,671 | $63,537 | $153,800 | $949 |
| Nitro | 6,853 | $53,848 | $128,900 | $949 |
| St. Albans | 10,522 | $53,972 | $140,800 | $931 |
More for people moving to Bancroft
Bancroft ZIP code ›Weather and climate ›Living in Bancroft: FAQ
What is the median household income in Bancroft, WV?
The median household income in Bancroft is $94,375, 58% higher than the West Virginia median of $59,608 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Bancroft?
The median home value in Bancroft is $116,400, compared with $162,600 in West Virginia.
How much is rent in Bancroft?
The median gross rent in Bancroft is $842 per month, about 29.8% of household income.
Is Bancroft, WV a good place to live?
Pluses: median household income 58% higher than the West Virginia median; home values 28% lower than the state median; an average commute of 26 minutes; unemployment of 0.7%; a poverty rate of 10.9%.
What is the median age in Bancroft?
The median age in Bancroft is 31.3 years (West Virginia: 42.7).
How long is the commute in Bancroft?
The average commute to work in Bancroft is 26 minutes; 2.7% of workers work from home.
What is the unemployment rate in Bancroft?
The unemployment rate in Bancroft is 0.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Bancroft?
4.6% of adults in Bancroft have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: