Banner Elk, NC has a housing median value of $450,700 which is significantly higher than the US house median value of $338,100. Furthermore, the US 1 year house appreciation rate is 8.27%, but in Banner Elk it is 18.74%. This shows that buying a home in Banner Elk is an incredibly lucrative investment and smart choice for any potential homeowner.
The median home cost in Banner Elk is $450,700. Home appreciation the last 10 years has been 92.8%. Home Appreciation in Banner Elk is up 24.0%.
Average Age of Homes
- The median age of Banner Elk real estate is 24 years old
The Rental Market in Banner Elk
- Renters make up 21.7% of the Banner Elk population
- 0.0% of houses and apartments in Banner Elk, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.