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Banner Elk town, North Carolina

City

Population: 1,338 (2023 estimate)

Located in North Carolina , North Carolina

Census Bureau data for Banner Elk town from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.

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Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).

Quick Facts — Banner Elk town

What is the median household income in Banner Elk town?
The median household income in Banner Elk town is $67,917 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
What is the poverty rate in Banner Elk town?
The poverty rate in Banner Elk town is 11.5% (U.S. Census Bureau ACS 2023).
What is the median home value in Banner Elk town?
$422,900 (U.S. Census Bureau ACS 2023).
What is the average rent in Banner Elk town?
The median gross rent in Banner Elk town is $879 per month (U.S. Census Bureau ACS 2023).
What percentage of Banner Elk town residents have a college degree?
44.8% of adults in Banner Elk town hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
1,338
Median Income
$67,917
Median Home Value
$422,900
Poverty Rate
11.5%
Unemployment (ACS 2023)
5.6%
Median Age
20.0 yrs
Since 2019 Median Income: +$12,136 (+21.8%) Home Value: +$111,300 (+35.7%) Poverty Rate: -7.5 pp (-39.5%) Bachelor's+: +0.6 pp (+1.4%) Unemployment: -11.9 pp (-68%)

Demographics

Total Population 1,338
Median Age 20.0
Female 50.7%
Race & Ethnicity
Hispanic or Latino 5.6% White (non-Hisp.) 81.7% Black 7.7% Asian 2.1% Two or More 6.1% Other 0.1%
Asian Subgroups (% of total pop.)
Korean
1.6%
Indian
0.5%
Hispanic Subgroups (% of total pop.)
Mexican
1.0%
Cuban
0.1%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Income & Poverty

Median Household Income $67,917 ±$38,229
-$1,987 vs. state
Per Capita Income $69,588
Median Family Income $112,917
Poverty Rate 11.5%
+2.1 pp vs. state
Child Poverty Rate 39.6%
Working-Age Poverty Rate —
SNAP Recipients 5.1%
Social Security Income —
Retirement Income 36.6%
Household Income Distribution
< $10k
4.5%
$10–15k
0.8%
$15–25k
8.2%
$25–35k
15.5%
$35–50k
15.2%
$50–75k
7.9%
$75–100k
9.9%
$100–150k
17.7%
$150–200k
7.9%
$200k+
12.4%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Housing

Total Housing Units 788
Owner-Occupied 62.8%
Renter-Occupied 37.2%
Vacancy Rate 54.9%
Median Home Value $422,900
+$163,500 vs. state
Median Gross Rent $879
Owner Cost Burden (30%+) 26.5%
Renter Cost Burden (30%+) 50.8%
Home Value Distribution
$50–100k
0.9%
$100–200k
9.4%
$200–300k
11.7%
$300–500k
45.3%
$500k–$1M
24.2%
$1M+
0.9%
Gross Rent Distribution
< $500
4.0%
$500–1k
76.6%
$1–1.5k
17.7%
$1.5–2k
1.6%
Vehicle Availability
No vehicle
5.1%
1 vehicle
52.7%
2 vehicles
35.2%
3+
7.0%
Housing Type
Single-fam. det.
47.0%
Single-fam. att.
3.2%
2–4 units
19.5%
5–19 units
6.1%
Mobile home
1.5%
Housing Age
Pre-1940
6.5%
1940–1969
8.6%
1970–1999
8.8%
2000–2009
40.0%
2010+
7.4%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Education

High School or Higher 99.1%
Bachelor's or Higher 44.8%
+10.1 pp vs. state
Graduate Degree 23.5%
Some College / Associate 18.8%
Less Than High School 0.0%
Enrolled in School —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Employment

Labor Force Participation 36.4%
Unemployment Rate 5.6%
+0.8 pp vs. state
Work from Home 19.4%
Self-Employed 2.1%
Government Workers 9.7%
Private For-Profit 88.3%
Industry
Retail
25.5%
Arts/Entmt.
25.3%
Edu/Health
22.1%
Manufacturing
7.1%
Finance
5.7%
Prof. Services
3.9%
Construction
3.2%
Public Admin
0.5%
Occupation
Food Prep
32.9%
Sales
31.3%
Management
30.3%
Construction
3.4%
Production
2.1%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Commute

Median Travel Time 11.8 min
Drove Alone 64.5%
Carpool 6.6%
Public Transit 0.0%
Work from Home 19.4%
Walked 9.5%
Bicycle —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Households & Families

Total Households 355
Avg. Household Size 1.00
Avg. Family Size —
Married-Couple Households 38.3%
Single-Mother Households —
Single-Father Households —
Living Alone —
Households with Children 4.5%
Multigenerational —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Age Distribution

Under 5
0.6%
5–9
2.9%
10–14
1.8%
15–19
37.1%
20–24
18.2%
25–34
7.4%
35–44
6.5%
45–54
4.9%
55–64
3.0%
65–74
2.1%
75–84
10.3%
85+
4.2%
Under 18: 6.5% Working age (18–64): 93.5% 65 and over: 15.5%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Social Characteristics

Immigration

Foreign Born 6.7%
Naturalized Citizen 33.7%
Speaks English Less Than Very Well 2.2%
Foreign-Born Origin
Latin America
49.4%
Europe
29.2%
Asia
12.4%

Veterans & Disability

Veteran 2.9%
With a Disability 14.1%
Cognitive Difficulty —
Ambulatory Difficulty —

Health Insurance

Insured 92.5%
Uninsured 7.5%
Employer Insurance —
Medicaid —
Medicare —

Technology & Mobility

Broadband Internet 95.5%
Has a Computer 98.6%
Same House 1 Year Ago 65.0%
Moved from Abroad 3.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

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Trends 2017–2023

Income Poverty Home Values Rent Homeownership Education Unemployment Commute Time Work From Home Foreign-Born Uninsured