Zip 28604 (Banner Elk, NC) Housing

The housing market in 28604 Banner Elk, NC is a strong one; the median value of homes in the area is $400,900, significantly higher than the US median value of $338,100. In the last year alone, home appreciation values have increased by 18.74%, substantially more than the 8.27% appreciation rate seen nationally over the same period. With such strong appreciation rates and high median housing values, it's no wonder that many people are looking to move to or invest in 28604 Banner Elk, NC.

The median home cost in Banner Elk (zip 28604) is $400,900. Home appreciation the last 10 years has been 92.8%. Home Appreciation in Banner Elk (zip 28604) is up 24.0%.

Average Age of Homes

- The median age of Banner Elk (zip 28604) real estate is 31 years old

The Rental Market in Banner Elk (zip 28604)

- Renters make up 9.5% of the Banner Elk (zip 28604) population
- 3.2% of houses and apartments in Banner Elk (zip 28604), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Banner Elk, North Carolina	United States
	8,978.0	139,647,020.0
	34	42
	$400,900	$338,100
	24.0%	16.6%
	75.5%	57.0%
	92.8%	101.1%
	$5.01	$10.98
	$1,277	$2,690
	26.4%	57.4%
	66.1%	11.2%
	7.5%	31.4%
Vacant Housing
	3.2%	1.9%
	0.2%	0.4%
	1.8%	0.7%
	0.3%	0.4%
	59.0%	3.6%
	1.5%	4.1%
Value of Owner-Occupied Housing
	1.7%	2.6%
	1.0%	2.4%
	2.5%	2.8%
	3.0%	3.9%
	2.4%	4.5%
	11.7%	11.3%
	15.6%	13.0%
	22.0%	20.1%
	22.2%	13.6%
	8.7%	8.3%
	5.5%	9.7%
	2.7%	3.9%
	0.1%	2.2%
	0.5%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	23.9%	13.6%
	23.9%	13.6%
	13.2%	13.6%
	29.4%	13.2%
	19.4%	14.8%
	13.2%	13.6%
	1.7%	10.0%
	2.3%	4.7%
	2.1%	12.2%

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