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Banner Elk, NC Real Estate


According to census data in the year 2000 there were 308 housing units in Banner Elk. This represents a 34.5% growth from 229 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 308 were located in what is classified as a rural area.

Homeownership rate in Banner Elk is about 43.6%. Banner Elk's vacancy rate, including seasonal lodging, is about 33.8%. Average household size is 2.08 people.

The majority of houses, apartments or condos in Banner Elk were built after 1972.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom10.70%
Two Bedrooms33.40%
Three Bedrooms43.20%
Four Bedrooms12%
Five Bedrooms or more0.60%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size1.93
Median year structure was built1974
Median Value of occupied units$168,800
Median Price asked for vacant units$225,000

Rented Homes, Apartments and Condos

Average Household Size2.2
Median year structure was built1972
Median Monthly Rent asked for vacant units$515

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan12.30%
Simple Mortgage50.60%
Debt Free37%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs20.4%