Housing · Banner Elk
Banner Elk, NC housing market
The typical Banner Elk home is worth about $579,000, about the same as a year ago, 73% above the North Carolina typical home.
Home values, sales, trends and how Banner Elk compares with the towns next door — updated as new data is published.
The market right now
Banner Elk at a glance
Typical home value
$579K
▲ 0.2% in a year · Zillow
Ten-year trend
Typical home value, 2016–2026
Banner ElkNorth Carolina
Show as a table
| January | Banner Elk | North Carolina |
|---|---|---|
| 2017 | $281,000 | $179,000 |
| 2018 | $304,000 | $190,000 |
| 2019 | $318,000 | $203,000 |
| 2020 | $333,000 | $215,000 |
| 2021 | $395,000 | $242,000 |
| 2022 | $488,000 | $287,000 |
| 2023 | $544,000 | $320,000 |
| 2024 | $564,000 | $332,000 |
| 2025 | $580,000 | $338,000 |
| 2026 | $579,000 | $336,000 |
| August 2026 | $579,000 | $335,000 |
Affordability
6.7 years of income
The typical Banner Elk home costs about 6.7 years of the town's median household income, more than across North Carolina (4.6 years).
Home value ÷ ACS median household income.
The homes
Owners, rent & taxes
Homeownership
68.9%
North Carolina: 66.6%
Median tax bill
$3,198
North Carolina: $1,896
Median rent
$849
North Carolina: $1,228
Typical home built
1997
North Carolina: 1991
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.