Banner Elk town: Median Gross Rent Trend
How Banner Elk town's median gross rent changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$749
2023
$879
Total change
+$130
% change
+17.4%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $749 | — |
| 2019 | $813 | +$64 (8.5%) |
| 2020 | $821 | +$8 (1%) |
| 2021 | $816 | $5 (-0.6%) |
| 2022 | $890 | +$74 (9.1%) |
| 2023 | $879 | $11 (-1.2%) |