Last updated: 2024 BLS data · Page refreshed:
Banner Elk has a population of 1,473 with a median age of 20.7. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 1,473 |
| Median Age | 20.7 |
| White | 82.1% |
| Black or African American | 7.4% |
| Asian | 4.0% |
| Hispanic or Latino | 5.8% |
| Other / Two or More Races | 0.7% |
The median household income in Banner Elk is $86,382, which is 7.2% above the national median of $80,610. The per capita income is $36,427. The poverty rate is 13.0%.
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In Banner Elk, 98.5% of residents age 25+ have a high school diploma or higher, and 52.5% hold a bachelor's degree or higher (20.5% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 98.5% |
| Bachelor's Degree or Higher | 52.5% |
| Graduate or Professional Degree | 20.5% |
The median home value in Banner Elk is $458,100, above the national median of $303,400. The median monthly rent is $849. The homeownership rate is 68.9%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $458,100 |
| Median Monthly Rent | $849 |
| Homeownership Rate | 68.9% |
| Vacancy Rate | 53.3% |
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