HomeNorth CarolinaAvery CountyBanner Elk town
Banner Elk town, North Carolina: commercial real estate data.
Banner Elk town is a Census town of 1,473 people across 1.89 square miles of land, in Avery County. Median household income is $86,382, 68.9 percent of occupied homes are owned, and the SBA record carries 4 7(a) approvals to borrowers here worth $150,000.
80 sourced place values · tier FULL · 9 sections
Banner Elk
What Banner Elk is
- Census place typetown
- Land area1.89 sq mi
- Water area0 sq mi
- Population per square mile of land778
- County holding the largest share of its areaAvery County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Banner Elk
How many people live in Banner Elk
- Population1,473
- Median age20.7
- Population under 18101 plus or minus 62
- Share under 186.9 percent plus or minus 4.1
- Population 65 and over196 plus or minus 52
- Share 65 and over13.3 percent plus or minus 3.0
- Households405 plus or minus 121
- Family households228 plus or minus 98
- Share of households that are families56.3 percent plus or minus 17.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Banner Elk
Income and work in Banner Elk
- Median household income$86,382 plus or minus $37,063
- Per capita income$36,427 plus or minus $11,788
- Civilian labor force501 plus or minus 158
- Employed489 plus or minus 159
- Unemployed12 plus or minus 12
- Unemployment rate2.4 percent plus or minus 2.3
- Adults 25 and over589 plus or minus 153
- Adults 25 and over with a high school diploma or higher98.5 percent plus or minus 34.7
- Adults 25 and over with a bachelor degree or higher52.5 percent plus or minus 11.7
- Adults 25 and over with a graduate degree20.5 percent plus or minus 5.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Banner Elk
Housing in Banner Elk
- Housing units867 plus or minus 218
- Occupied units405 plus or minus 121
- Vacant units462 plus or minus 166
- Vacancy rate53.3 percent plus or minus 13.7
- Owner occupied279 plus or minus 100
- Renter occupied126 plus or minus 59
- Ownership rate68.9 percent
- Median owner-occupied home value$458,100
- Median gross rent, monthly$849
- Annual rent as a share of median income11.8 percent plus or minus 5.2
- Single family units482 plus or minus 129
- Share single family55.6 percent
- Units in buildings of two or more373 plus or minus 164
- Share in buildings of two or more43.0 percent plus or minus 15.5
- Mobile homes12 plus or minus 16
- Median year structure built1997
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Banner Elk
How Banner Elk gets to work
- Workers 16 and over who commute331 plus or minus 128
- Commuting under 15 minutes246 plus or minus 113
- Share commuting under 15 minutes74.3 percent plus or minus 18.4
- Commuting 30 minutes or more35 plus or minus 24
- Share commuting 30 minutes or more10.6 percent plus or minus 5.9
- Drove alone55.5 percent plus or minus 14.6
- Carpooled4.8 percent plus or minus 3.8
- Public transport0.0 percent
- Walked8.3 percent plus or minus 9.3
- Worked from home31.5 percent plus or minus 18.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Banner Elk
SBA 7(a) lending to Banner Elk borrowers
- Approvals4
- Gross approval$150,000
- Average approval$37,500
- Median approval$20,000
- Ninetieth percentile approval$100,000
- Largest approval$100,000
- Jobs supported8
- Jobs per approval2.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders4
- Distinct industries by NAICS4
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Banner Elk
SBA 504 lending to Banner Elk borrowers
- Approvals1
- Gross approval$483,000
- Average approval$483,000
- Median approval$483,000
- Largest approval$483,000
- Jobs supported4
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Banner Elk
Flood programme status in Banner Elk
- Listed NFIP communities1
- Of those, participating1
- NFIP community number370011
- Currently effective map date12/03/09
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Avery County, not Banner Elk
Avery County context, not Banner Elk figures
These are Avery County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Banner Elk measurements.
- Establishments in Avery County539
- Employment at those establishments, Avery County5,509
- Covered employment, Avery County7,186
- Average annual pay, Avery County$44,456
- Average weekly wage, Avery County$855
- Housing units permitted, Avery County95
- Of those, single family, Avery County95
- County product, 2024, Avery County$890,318,000
- County product change over the prior year, Avery County3.8 percent
- Average income of an arriving household, Avery County$109,632
Every figure in this section is published for Avery County as a whole and is not a measurement of Banner Elk. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Banner Elk questions, answered from the record.
How many people live in Banner Elk, North Carolina?
1,473, in 405 households. Banner Elk town covers 1.89 square miles of land, which is 778 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Banner Elk in?
Avery County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Banner Elk?
$86,382. The median owner-occupied home is valued at $458,100. Median gross rent is $849 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Banner Elk businesses?
4 7(a) approvals totalling $150,000, across 4 lenders, median approval $20,000, plus 1 504 approvals worth $483,000. These count approvals to borrowers whose address is in Banner Elk, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Banner Elk borrowers get paid back?
No rate is published for Banner Elk. only 0 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Is Banner Elk in the National Flood Insurance Program?
Yes. Banner Elk appears in the FEMA Community Status Book as community 370011, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Banner Elk figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Avery County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Banner Elk.
Is zoning published for Banner Elk?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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