Banner Elk, NC Housing Market & City Data

Explore key insights and real experiences from people who call Banner Elk home. Use the data below as a starting point to compare and discover what makes this city a great place to live.

1,149
Population Estimate
$297,625
Median Home Value
82.5%
Employment Rate
44.2%
Bachelor's Degree+

Housing & Demographic Overview

Key insights about the community

Data as of October 2026

HOUSING DATA (October 2026)

Median Price per SqFt$350
Median Listing Price$550,000
Median Days on Market111
Active Listings389
New Listings68
Total Listings (Active + Pending)460
Avg Listing Price$918,639
Avg Listing Price Change MoM3%
Avg Listing Price Change YoY9%

HOUSEHOLD OVERVIEW

Family Size2.33
Family Dual Income38.8
Median Household Income$55,781
Median Individual Income$6,628
Home Ownership56.3%
Home Value$297,625
Median Rent$813
Rent Burden26.1%
Poverty16.8%

EDUCATION, GENDER & MARITAL STATUS

EDUCATION

  • No Highschool Degree or GED7.2%
  • Highschool Education10.1%
  • Some College38.6%
  • Bachelors Degree20.9%
  • Graduate Degree23.3%
  • Total College or Above44.2%
  • Stem Degree44.7%

GENDER BREAKDOWN

  • Male35.0%
  • Female65.0%

MARITAL STATUS

  • Married18.0%
  • Divorced5.9%
  • Never Married73.3%
  • Widowed2.7%

CITY DATA & AGE BREAKDOWN

CITY DATA

CityBanner Elk
State IDNC
Population1,149

AGE BREAKDOWN

Age Group% of Population
Under 1830.9%
19–2940.8%
30–394.5%
40–493.4%
Age Group% of Population
50–595.4%
60–696.3%
70–795.7%
80+3.3%

WORKFORCE, ETHNICITY & OTHER

WORKFORCE

Labor Force Participation45.6%
Unemployment Rate17.5%
Disabled20.0%

ETHNICITY

White88.4%
Black4.1%
Asian1.5%
Native American0.2%
Pacific Islander0.0%
Other2.4%
Multiple3.4%

OTHER

Hispanic8.0%
Limited English0.0%
Health Uninsured9.4%
Veteran3.1%

Local Discussions

Community questions and conversations about living in Banner Elk, NC.

  1. Is Banner Elk, NC a good place to buy a house?

    Local perspectives on Banner Elk home prices, buyer demand, neighborhoods, and what to consider before buying a home.

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  2. What are the best neighborhoods in Banner Elk, NC for families?

    Local insights on Banner Elk neighborhoods, schools, parks, commute times, and other factors families may want to consider.

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  3. What should home buyers know about the Banner Elk, NC housing market?

    Local insights on Banner Elk home prices, housing inventory, buyer competition, and current real estate market conditions.

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  4. Is it better to buy or rent a home in Banner Elk, NC?

    Compare Banner Elk home prices, rents, monthly housing costs, and other factors that can affect the decision to buy or rent.

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  5. What are the most affordable neighborhoods in Banner Elk, NC?

    Explore Banner Elk neighborhoods where home buyers may find more affordable housing options and better value for their budget.

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  6. How much income do you need to buy a house in Banner Elk, NC?

    Learn how Banner Elk home prices, down payments, mortgage costs, and other expenses can affect how much income buyers may need.

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  7. How much are property taxes on a home in Banner Elk, NC?

    Learn how Banner Elk property taxes are calculated and how they can affect the overall cost of owning a home.

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  8. What are the best neighborhoods in Banner Elk, NC for first-time home buyers?

    Explore Banner Elk neighborhoods first-time home buyers may consider based on home prices, location, amenities, and lifestyle.

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  9. What is it like to live in Banner Elk, NC?

    Local perspectives on Banner Elk neighborhoods, cost of living, weather, commuting, things to do, and everyday life.

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  10. What should I know before moving to Banner Elk, NC?

    What newcomers should know about Banner Elk housing costs, neighborhoods, transportation, weather, and everyday expenses.

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Top Real Estate Agents in Banner Elk, NC

Neighborhoods in Banner Elk, NC

Get to know neighborhoods in Banner Elk, ordered by the number of properties in the provider sample.

  • Shulls Farm

    Shulls Farm ↗

    Median asking price
    $699,000
    / sq ft
    —
    Active listings
    Not available
    properties in discovery sample
    7
    B

    Nearby schools · estimated

    6/10 · 2 schools

Data as of . Listing snapshots from Redfin; nearby-school rating estimates.

About these neighborhood estimates

Prices and counts describe active listings returned by the provider, excluding coming-soon and nearby search results. They are asking prices, not sold prices, and may not include every home for sale.

Nearby-school grades are FastExpert estimates from the average available ratings of unique public schools returned for sampled neighborhood properties. A: 8–10; B: 6–under 8; C: 4–under 6; D: 2–under 4; F: 1–under 2. Unrated schools are excluded. Nearby schools may not be assigned to a specific address.

Photos show identified local landmarks. Five neighborhoods are shown, ordered by property count. Median asking price breaks a tie.