Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.5 yrs |
|---|---|
| Avg HH Size | 2.20 |
| Below Poverty | 8.8% ▼ 12% below avg |
| College Grads | 53.9% ▲ 39% above avg |
| Unemployment | 5.0% ≈ Avg |
| No HS Diploma | 49 (1.1%) |
| HS Graduate | 810 (17.8%) |
| Some College | 576 (12.7%) |
| Associates | 665 (14.6%) |
| Bachelors | 391 (8.6%) |
| Graduate Degree | 2,059 (45.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $64,052 ▼ 16% below avg |
|---|---|
| Median Home Value | $319,200 ▲ 14% above avg |
| Home/Income Ratio | 5.0x (nat avg ~3.5x) |
| Median Rent | $932/mo |
| Total Housing Units | 9,148 |
| Vacant Units | 6,192 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Banner Elk is a city in North Carolina, located in Avery County. The city spans 1 ZIP code and is home to approximately 7,280 residents. It is a middle-aged city, with a median age of 42.5 years.
Economically, Banner Elk is a solidly middle-class community. The median household income of $64,052 is below the national average. Approximately 8.8% of residents live below the poverty line. The unemployment rate is 5.0%, near the national average.
The real estate market in Banner Elk is a mid-range housing market. Median home values stand at $319,200, which is near the national average. Renters typically pay around $932 per month. Homeownership is high at 76.5%, typical of suburban and family-oriented communities.
The population of Banner Elk is well-educated. 53.9% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (87.64%).
Banner Elk, NC offers residents a cost-conscious lifestyle within North Carolina.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 28604 | 7,280 | $64,052 | $319,200 | $932 | 5.0% | 53.9% | 76.5% |