Market Overview
Home Prices in Bancroft, ID
The median home value in Bancroft, ID is $361,631 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.9% compared to a year ago and up 6.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bancroft are priced12% below average.
Price History
Bancroft Home Price Trend
2024
$318,077
$318K
—
2025
$338,194
$338K
+6.3%
2026
$361,631
$362K
+6.9%
City Comparison
Bancroft vs. National Median
🏠 Bancroft
$361,631
National Median
$410,000
At $361,631, homes in Bancroft cost 12% below the national median of $410,000. This makes Bancroft a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Bancroft?
20% Down Payment
$72,326
on $361,631
Monthly P&I
$1,886/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,395/mo
incl. taxes & insurance
Income Needed
$95,800
gross annual (30% rule)
10% Down Option
$36,163
+ PMI applies
Loan Amount (20% dn)
$289,305
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Bancroft, ID?
The median home value in Bancroft is $361,631 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.9% year-over-year.
How much have home prices changed in Bancroft?
Over the past year, home values in Bancroft have increased by 6.9%.
How much do I need to earn to buy a home in Bancroft?
To comfortably afford the median home price of $361,631 with a 20% down payment ($72,326) at today's rates (6.8%), you'd need a gross annual income of approximately $95,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Bancroft compare to the national average home price?
The national median home value is approximately $410,000. At $361,631, homes in Bancroft are 12% below the national average.