Housing in Banner Elk, NC
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$568,384
Banner Elk vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Banner Elk is highlighted.
Median Home Value
85th%ilemost expensive$422,900show rank
Median Rent
42nd%ilemost expensive rent$879show rank
Rent Burden
28th%ilehighest rent burden15.5%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$422,900
Median Rent
$879
Total Housing Units
788
Vacancy Rate
55.0%
Owner Occupied
62.8%
Renter Occupied
37.2%
Median Property Tax
$3,038
per year
Monthly Cost (w/ Mortgage)
$1,313
Housing Types
Single Family50.1%
Multi-Family48.4%
Mobile Home1.5%
The median home value in Banner Elk, NC is $422,900. According to Zillow, the home value index for Banner Elk is $568,384. The median rent is $879 per month (Census ACS). About 62.8% of housing units are owner-occupied. The median year homes were built is 1997. There are 788 total housing units.