In 2018, Banner Elk, NC had a population of 1.45k people with a median age of 21.4 and a median household income of $49,000. Between 2017 and 2018 the population of Banner Elk, NC declined from 1,451 to 1,445, a -0.414% decrease and its median household income declined from $53,750 to $49,000, a -8.84% decrease.
The 5 largest ethnic groups in Banner Elk, NC are White (Non-Hispanic) (81.1%), White (Hispanic) (6.44%), Black or African American (Non-Hispanic) (3.6%), Other (Hispanic) (3.11%), and Asian (Non-Hispanic) (2.7%). 0% of the people in Banner Elk, NC speak a non-English language, and 91.6% are U.S. citizens.
The largest universities in Banner Elk, NC are Lees-McRae College (229 degrees awarded in 2019).
In 2018, the median property value in Banner Elk, NC was $290,500, and the homeownership rate was 44.2%. Most people in Banner Elk, NC drove alone to work, and the average commute time was 15.1 minutes. The average car ownership in Banner Elk, NC was 2 cars per household.