North Carolina · Census place 03500
Banner Elk town, NC
Quick answer
Banner Elk town has 1,338 residents, ranking #407 of 777 places in North Carolina. Median household income is $67,917, the median home is worth $422,900 and median gross rent runs $879 a month.
- Population
- 1,338Banner Elk town residents
- Median household income
- $67,917Past 12 months, inflation adjusted
- Median home value
- $422,900Owner-occupied units
- Median gross rent
- $879Rent plus utilities, monthly
- Median age
- 20.7 yrsAll residents
- Homeownership rate
- 62.8%Owner-occupied households
What the numbers mean in Banner Elk town
Housing cost measured against local earnings.
A household earning the Banner Elk town median would spend about 15.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 6.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 16% of residents and 62.8% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in North Carolina.
- Hays CDP 1,355
- Chadbourn town 1,347
- Cordova CDP 1,343
- Spring Hope town 1,334
- Rutherford College town 1,327
- Pinetops town 1,323
- Robersonville town 1,319
Keep going
More North Carolina coverage.