Bancroft, MI — income, home value, property tax, and sales tax.
In ZIP code 48857, near Bancroft, homes carry a median value of $150,400 while households earn a median of $75,455. At the county's 1.31% effective property tax rate, that home value translates into roughly $1,970 in annual property taxes — about 2.6% of median household income. Per-capita income sits at $32,342, so the tax bill weighs differently depending on household size and earnings. A 6.00% combined sales tax applies to purchases in the area. Together, these figures show how home prices, local tax rates, and area wages shape what owning a home here actually costs.
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