Home Insurance in Bancroft, Nebraska
With a median home value of $122,500, Bancroft is 31% lower than the Cuming County median.
The typical home in Bancroft was built around 1967. About 42% of homes were built before 1960, about 10 points below Cuming County's 52%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Housing in Bancroft breaks down to 83% single-family homes and 15% apartments in buildings with 5+ units.
In Bancroft, about 32% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Bancroft has an owner-occupancy rate of 71% and a vacancy rate of 13%; unoccupied homes typically need a different coverage form.
58% of homes in Bancroft are primarily heated with natural gas.
What's the biggest home insurance risk near Bancroft? FEMA's National Risk Index points to hail (Relatively High) in Cuming County and Cuming County had 43 active NFIP flood policies as of September 2026. See the full Cuming County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Nebraska, the statewide average premium for a standard HO-3 homeowners policy is $2,142 per year (NAIC, 2023 data).
Key figures
| Median home value | $122,500 |
|---|---|
| Median year built | 1967 |
| Owner-occupied share | 71% |
| Share of owner-occupied homes with a mortgage | 32% |
| Top county hazard | Hail (Relatively High) |
| Active NFIP policies in Cuming County | 43 |
| Home insurance premium | $2,142 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)