Banner Elk, NC

Full City Profile · North Carolina · Avery County County

3.4 /5.0
B Good
1,338 Population 708/sq mi density
$67,917 Median Income $40,200 per capita
$422,900 Home Value $579,439 Zillow
$879 Median Rent 35.3% income on rent
50°F Avg Temperature
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$67,917 median income, 5.6% unemployment
B
Affordability
3.2 / 5.0
$422,900 home value, $879/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
4.6 / 5.0
44.8% bachelor's degree or higher

Population Overview

Total Population
1,338
Census 2023
Population Density
708
per square mile
Land Area
1.9
square miles (4.9 km²)
Median Age
20.7 yrs
47% below US avg (38.9 yrs)

Gender Distribution

49.3%
Male
50.7%
Female
49%
51%

Race & Ethnicity

White 83.9% US: 61.6%
Black 7.7% US: 12.4%
Hispanic 5.6% US: 18.7%
Asian 2.1% US: 5.9%
Other 0.7%
City vs. U.S. Average
White
83.9%
Black
7.7%
Hispanic
5.6%
Asian
2.1%
Thin line = U.S. average

Language Spoken at Home

English Only 94.4% US: 78.5%
Spanish 7% US: 13.4%
City vs. U.S. Average
English Only
94.4%
Spanish
7%
Thin line = U.S. average

Social Characteristics

Foreign Born
6.7%
Veterans
2.9%
52% below US avg (6%)
Disability
14.1%
8% above US avg (13%)
Health Insurance Coverage
92.5%
1% above US avg (91.4%)
Uninsured
7.5%
13% below US avg (8.6%)
Income Inequality (Gini)
0.492
US avg: 0.490 (0 = perfect equality, 1 = max inequality)

Complete Demographics Data

Population

Total Population1,338
Population Year2023
Population Density708 / sq mi
Land Area1.9 sq mi
Median Age20.7 years

Gender

Male49.3%
Female50.7%

Race & Ethnicity

White83.9%
Black or African American7.7%
Hispanic or Latino5.6%
Asian2.1%

Language

English Only94.4%
Spanish7.0%

Social Indicators

Foreign Born6.7%
Veterans2.9%
Disability14.1%
Health Insurance92.5%
Uninsured7.5%
Broadband Access95.5%
Gini Coefficient0.492

Classification

USDA Rural-Urban Code9, Nonmetro / Rural