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2025 Compare Cities Housing:
Fall Branch, TN vs Banner Elk, NC

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Highlights
- The median age of a home in Fall Branch is 58.3% older than the median age of a home in Banner Elk.
 Fall Branch, TNBanner Elk, NCUnited States
 Median Home Age48  Unlock42
 Median Home Cost  Unlock$450,700$338,100
 Home Appr. Last 12 months24.2%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock75.5%57.0%
 Home Appr. Last 10 yrs.87.2%  Unlock101.1%
 Property Tax Rate  Unlock$4.5$11.0
 Homes Owned73.6%  Unlock57.4%
 Housing Vacant  Unlock56.1%11.2%
 Homes Rented17.6%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Fall Branch, TNBanner Elk, NCUnited States
 Average Rent  Unlock$1,120$1,840
 Studio Apartment$650  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$710$1,180
 2 Bedroom Home or Apartment$810  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,140$1,860
 4 Bedroom Home or Apartment$1,210  Unlock$2,160
 space1
 Vacant Housing
 Fall Branch, TNBanner Elk, NCUnited States
 Vacant For Rent  Unlock0.0%1.9%
 Vacant Rented0.0%  Unlock0.4%
 Vacant For Sale  Unlock2.7%0.7%
 Vacant Sold0.0%  Unlock0.4%
 Vacant Vacation  Unlock53.4%3.6%
 Vacant Other8.9%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 Fall Branch, TNBanner Elk, NCUnited States
 Less Than $20,000  Unlock0.0%2.6%
 $20,000 to $39,9993.0%  Unlock2.4%
 $40,000 to $59,999  Unlock0.0%2.8%
 $60,000 to $79,9994.8%  Unlock3.9%
 $80,000 to $99,999  Unlock1.8%4.5%
 $100,000 to $149,99936.6%  Unlock11.3%
 $150,000 to $199,999  Unlock7.8%13.0%
 $200,000 to $299,9996.9%  Unlock20.1%
 $300,000 to $399,999  Unlock29.8%13.6%
 $400,000 to $499,9990.0%  Unlock8.3%
 $500,000 to $749,999  Unlock6.0%9.7%
 $750,000 to $999,9990.0%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.0%2.2%
 $1,500,000 to $1,999,9990.0%  Unlock0.8%
 $2,000,000 and over  Unlock0.0%1.1%
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 Housing Units By Year Built
 Fall Branch, TNBanner Elk, NCUnited States
 2015 and Newer0.0%  Unlock0.2%
 2010 to 2014  Unlock41.9%13.6%
 2000 to 200912.7%  Unlock13.6%
 1990 to 1999  Unlock12.9%13.6%
 1980 to 198916.2%  Unlock13.2%
 1970 to 1979  Unlock5.5%14.8%
 1960 to 196912.2%  Unlock13.6%
 1950 to 1959  Unlock4.8%10.0%
 1940 to 19493.6%  Unlock4.7%
 1939 or Earlier  Unlock5.6%12.2%
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Learn More About Fall Branch, Tennessee
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