Housing costs in Banner Elk?
A typical home costs
$400,900, which is 18.6% more expensive than the national average of
$338,100 and 38.6% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Banner Elk costs
$960 per month, which is 32.9% cheaper than the national average of
$1,430 and 15.6% cheaper than the state average of
$1,110.
Can I afford Banner Elk?
To live comfortably in Banner Elk (zip 28604), North Carolina, a minimum annual income of
$76,680 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Banner Elk?
The cost of living in 28604 Banner Elk, NC is relatively low compared to other parts of the state. Housing in particular is extremely affordable, with the median home costing around $163,000. This makes 28604 Banner Elk an attractive option for people who want to purchase a home but don't want to pay the higher prices found in larger cities. Other costs are also relatively low, such as food, utilities and healthcare. With all these factors combined, 28604 Banner Elk offers an excellent quality of life at a fraction of the cost found elsewhere.