In 2019, Banner Elk, NC had a population of 1.33k people with a median age of 21.2 and a median household income of $55,781. Between 2018 and 2019 the population of Banner Elk, NC declined from 1,445 to 1,332, a −7.82% decrease and its median household income grew from $49,000 to $55,781, a 13.8% increase.
The 5 largest ethnic groups in Banner Elk, NC are White (Non-Hispanic) (82.7%), White (Hispanic) (5.78%), Black or African American (Non-Hispanic) (4.13%), Two+ (Non-Hispanic) (3.38%), and Other (Hispanic) (2.25%). 0% of the households in Banner Elk, NC speak a non-English language at home as their primary language, and 93.8% of the residents in Banner Elk, NC are U.S. citizens.
The largest universities in Banner Elk, NC are Lees-McRae College (229 degrees awarded in 2019).
In 2019, the median property value in Banner Elk, NC was $311,600, and the homeownership rate was 56.3%. Most people in Banner Elk, NC drove alone to work, and the average commute time was 13.4 minutes. The average car ownership in Banner Elk, NC was 2 cars per household.