Banner Elk Housing Information - Census

IndexBanner ElkNorth CarolinaNational
Median home price$320,400$157,100$184,700
Median rent asked$1,018$816$949
Avg. people per household2.22.52.6
Owner occupied households53.2%64.8%63.6%
Renter occupied households46.8%35.2%36.4%

Banner Elk Housing Information - Zillow

IndexBanner ElkNorth CarolinaNational
Zillow home value indexn/a$159,300$196,500
Year over year appreciation raten/a6.41%6.79%
5 year average appreciation raten/a3.18%5.28%
10 year average appreciation raten/a0.75%0.01%

Did you know?

  • The median home price in Banner Elk is 73% higher than the national average.
  • The median rent asked in Banner Elk is 7% higher than the national average.
  • The average number of people per household in Banner Elk is 14% lower than the national average.
  • The number of owner occupied households in Banner Elk is 16% lower than the national average.
  • The number of renter occupied households in Banner Elk is 28% higher than the national average.

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Compare Banner Elk, NC Housing To Other Cities

Vacancy vs occupancy levels

Vacancy status breakdown

Household statistics

Heating methods

Rent percent of household income

Inclusion of utilites in rent

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Elk Park, NC456$76,00059%
Roan Mountain, TN1,454$88,50052%
Crossnore, NC243$122,90033%
Newland, NC874$123,10033%
Cove Creek, NC1,014$189,5003%
Banner Elk, NC1,256$320,40073%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Van Meter, IA1,256$148,20020%
Mountain Road, VA1,256$86,00053%
Homestead Base, FL1,256$0100%
Petersburg, MI1,256$104,50043%
New Franklin, MO1,256$75,30059%
Banner Elk, NC1,256$320,40073%
Source: The Banner Elk, NC housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS) and Zillow data.