In 2017, Banner Elk, NC had a population of 1.45k people with a median age of 21.6 and a median household income of $53,750. Between 2016 and 2017 the population of Banner Elk, NC grew from 1,256 to 1,451, a 15.5% increase and its median household income declined from $69,107 to $53,750, a -22.2% decrease.
The 5 largest ethnic groups in Banner Elk, NC are White (Non-Hispanic) (83.5%), White (Hispanic) (5.1%), Some Other Race (Hispanic) (4.2%), Black or African American (Non-Hispanic) (2.69%), and Two or More Races (Non-Hispanic) (2%). N/A% of the people in Banner Elk, NC speak a non-English language, and 91.7% are U.S. citizens.
The largest universities in Banner Elk, NC are Lees-McRae College (326 degrees awarded in 2017).
The median property value in Banner Elk, NC is $295,500, and the homeownership rate is 45.6%. Most people in Banner Elk, NC commute by Drove Alone, and the average commute time is 14.7 minutes. The average car ownership in Banner Elk, NC is 2 cars per household.