Everything You Should Know Before Moving to Banner Elk, NC
Thinking of moving to Banner Elk, NC? This charming mountain town of 1,145 residents offers scenic beauty, a relaxed lifestyle, and a cost of living below the national average. With median home prices around $345,000 and average rents near $1,060, housing is accessible, while crime rates remain low. Commutes average just 16 minutes, and the area boasts four-season weather and proximity to Lees-McRae College. Banner Elk is ideal for those seeking small-town living with year-round outdoor adventure.
Demographics - Banner Elk, NC
Demographics - Banner Elk, NC
Banner Elk is a small mountain town with a population of about 1,145, characterized by a youthful median age of 21.3 due in part to the presence of Lees-McRae College. The community is predominantly White, and the area maintains a balanced gender ratio. A modest percentage of residents speak languages other than English, contributing to a welcoming, close-knit atmosphere.
Population:
1,145
Density:
420 per sq mi
Median Age:
21.3
Gender Ratio:
85 males per 100 females
Non-English Speakers Percentage:
4.2%

Ethnic Composition
White:
92.5%
Black:
2.4%
Asian:
1.6%
Others:
3.5%
Cost Of Living
What is the average cost of living in Banner Elk, NC?
The cost of living in Banner Elk is slightly below the national average, making it an affordable option for new residents. Median home values are around $345,000, and average rents are $1,060, offering accessible choices for both buyers and renters. Everyday expenses, including utilities and groceries, remain reasonable for the region.
Median House Value:
$345,000
Gross Rent:
$1,060
Monthly Electricity Charges:
$120
Auto Insurance:
$1,130
House Owner Cost With Mortgage:
$1,520
House Owner Cost Without Mortgage:
$445
State Taxes:
Low:
5.25%
|
High:
5.25%
Cost Of Living Index:
95.2
Grocery:
98.5
Housing:
90.3
Utilities:
96.0
Transportation:
92.1
Health Care:
96.7
Miscellaneous:
94.8
Crime
Is Banner Elk, NC a safe place to live?
Banner Elk enjoys a low crime rate, with violent crimes being especially rare and property crime rates below national averages. Residents have a 1 in 1,220 chance of experiencing violent crime, contributing to a sense of safety and peace of mind. The town's secure environment is appealing for families and retirees alike.
Violent Crimes Per 100k:
82
Property Crimes Per 100k:
1,180
Crime Index:
1,262
Chance Of Violent Crime:
1 in 1,220
Chance Of Property Crime:
1 in 85
Weather
What is the weather like in Banner Elk, NC year-round?
The town experiences all four seasons, with mild summers reaching highs of 77°F and crisp winters with lows around 19°F. Banner Elk receives about 54 inches of rainfall annually and enjoys 57% sunny days, making it ideal for outdoor activities throughout the year. The moderate climate attracts those who appreciate mountain weather and scenic beauty.

Winter
Min:
19°F
Max:
39°F

Spring
Min:
38°F
Max:
65°F

Summer
Min:
57°F
Max:
77°F

Fall
Min:
40°F
Max:
67°F
Average Rainfall Inches:
54.0 inches
Sunny Days Percentage:
57%
Neighbors
Households in Banner Elk have a median income of $54,800, with a family income of $61,500, and a low unemployment rate of 4.7%. Most residents enjoy short commutes averaging 16 minutes, and about 90% have completed high school or higher. While the poverty rate is slightly above average, the town fosters a friendly, community-focused environment.
Median Income:
$26,700
Household Income:
$54,800
Family Income:
$61,500
Per Capita Income:
$19,000
Income Male:
$31,100
Income Female:
$28,500
Poverty Rate:
19.1%
Non English Speakers:
4.2%
Rent:
$1,060
Unemployment Rate:
4.7%
Public Transport Usage:
0.5%
Commute Time:
16.4 minutes

Education
High School or Higher:
89.8%
Bachelors or More:
31.2%
Education
How are the schools in Banner Elk, NC?
Banner Elk offers quality educational options, including public and private schools with favorable student-teacher ratios. Lees-McRae College is located right in town, and Appalachian State University is just 17 miles away, providing higher education opportunities close to home. The local commitment to education supports learners of all ages.

Public Schools
Name:
Banner Elk Elementary School
Street:
155 Orchard Ln
Phone:
828-898-5601
Students:
220
Student Teacher Ratio:
12.5

Private Schools
Name:
Avery County Christian Academy
Street:
7850 Hickory Nut Gap Rd
Phone:
828-898-3521
Students:
60

Colleges
Name:
Lees-McRae College
City:
Banner Elk
State:
NC
Distance:
0 miles
Students:
900
Name:
Appalachian State University
City:
Boone
State:
NC
Distance:
17 miles
Students:
20,000
Healthcare
Residents have access to quality healthcare, including nearby Watauga Medical Center and Cannon Memorial Hospital, both offering emergency services. Banner Elk has an above-average physician availability with 2.1 doctors per 1,000 people, and about 90% of residents are insured. The local healthcare system provides essential services for both families and individuals.

Major Hospitals
Name:
Watauga Medical Center
Address:
336 Deerfield Rd, Boone, NC 28607
Phone:
(828) 262-4100
Type:
General & Surgical
Emergency Services:
Yes
Name:
Cannon Memorial Hospital
Address:
434 Hospital Dr, Linville, NC 28646
Phone:
(828) 737-7000
Type:
Critical Access
Emergency Services:
Yes
Physicians Per 1000:
2.1
Health Insurance Coverage:
90.5%
Health Care Index:
78.0
Housing Market
What is the housing market like in Banner Elk, NC?
Banner Elk’s housing market is stable, with a median home price of $345,000 and average two-bedroom rent at $1,060. Over half of the homes are owner-occupied, and the area has a low foreclosure rate of 0.4%, suggesting a healthy real estate environment. Recent home appreciation has been positive, making it a solid choice for buyers and investors.
Median Home Price:
$345,000
Average Rent For 2 Bedroom:
$1,060
Owner Occupied Rate:
54.8%
Rental Vacancy Rate:
8.6%
Home Appreciation Rate (1yr):
6.2%
New Construction Rate:
2.1%
Foreclosure Rate:
0.4%
DMV Information
Residents handle vehicle licensing and registration through the North Carolina Division of Motor Vehicles, located in nearby Wilkesboro. Services can also be accessed online or by phone for added convenience. The DMV provides straightforward options for new arrivals and long-term residents alike.
State:
North Carolina
Department:
North Carolina Division of Motor Vehicles
Address:
1801 West Highway 421, Wilkesboro, NC 28697
Phone:
1-919-715-7000
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.