Bancroft is located in northwest Iowa. Bancroft is part of Kossuth County. Bancroft has 0.55 square miles of land area and has no water area. As of 2010-2014, the total Bancroft population is 698, which has shrunk 13.61% since 2000. The population growth rate is much lower than the state average rate of 5.19% and is much lower than the national average rate of 11.61%. Bancroft median household income is $40,804 in 2010-2014 and has grown by 31.39% since 2000. The income growth rate is lower than the state average rate of 33.56% and is higher than the national average rate of 27.36%. Bancroft median house value is $81,100 in 2010-2014 and has grown by 70.38% since 2000. The house value growth rate is higher than the state average rate of 53.09% and is much higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Bancroft is much better than the state average in quality. The Bancroft area code is 515.