Banner Elk, NC
1,473Residents
$86,382Median household income
$849/moMedian gross rent
$458,100Median home value
20.7Median age
53%Adults with a bachelor’s degree or higher
69%Homes lived in by their owners
5.3×Home value to household income
Median rent takes about 12% of the median household income in Banner Elk.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $34,000 a year. In North Carolina that leaves roughly $2,338 a month after tax. See the full paycheck breakdown for $35,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.