In 2020, Banner Elk, NC had a population of 1.47k people with a median age of 21.2 and a median household income of $53,750. Between 2019 and 2020 the population of Banner Elk, NC grew from 1,332 to 1,473, a 10.6% increase and its median household income declined from $55,781 to $53,750, a −3.64% decrease.
The 5 largest ethnic groups in Banner Elk, NC are White (Non-Hispanic) (82.3%), White (Hispanic) (6.04%), Black or African American (Non-Hispanic) (4.28%), Two+ (Non-Hispanic) (3.39%), and Asian (Non-Hispanic) (2.17%).
None of the households in Banner Elk, NC reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.
95% of the residents in Banner Elk, NC are U.S. citizens.
The largest universities in Banner Elk, NC are Lees-McRae College (231 degrees awarded in 2020).
In 2020, the median property value in Banner Elk, NC was $302,200, and the homeownership rate was 64.5%. Most people in Banner Elk, NC drove alone to work, and the average commute time was 13.7 minutes. The average car ownership in Banner Elk, NC was 2 cars per household.