Banner Elk, NC Profile: Facts & Data

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Banner Elk, North Carolina - Basic Facts

The Town of Banner Elk had a population of 966 as of July 1, 2018. Banner Elk ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in North Carolina. See peer rankings below.

The primary coordinate point for Banner Elk is located at latitude 36.1587 and longitude -81.8676 in Avery County. The formal boundaries for the Town of Banner Elk (see map below) encompass a land area of 1.91 sq. miles and a water area of 0 sq. miles. Avery County is in the Eastern time zone (GMT -5). The elevation is 3,701 feet.

The Town of Banner Elk (GNIS ID: 2405208) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Banner Elk is located within Township of Banner Elk, a minor civil division (MCD) of Avery County.

Alternate Unofficial Names for Banner Elk: Banners Elk, Shawneehaw.

Jump to... (On This Page!)
  1. Banner Elk 2018 Demographic Data
  2. Growth Rates for Banner Elk (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. North Carolina Research Tools (Easy Tools & Current Data)
  3. North Carolina Data Comparison Tool - 2018 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2018, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Banner Elk, NC Data & Demographics (As of July 1, 2018)

POPULATION

Total Population 966
Population in Households 784
Population in Familes 585
Population in Group Qrtrs 182
Population Density2 506
Diversity Index3 27
 

INCOME

Median Household Income $41,612
Average Household Income $58,829
Per Capita Income $23,626

HOUSING

Total Housing Units 607 (100%)
Owner Occupied HU 192 (31.6%)
Renter Occupied HU 81 (13.3%)
Vacant Housing Units 334 (55.0%)
Median Home Value $232,000
Average Home Value $312,240
 

HOUSEHOLDS

Total Households 273
Average Household Size 2.87
Family Households 161
Average Family Size 4
NOTES
  1. Demographics are point estimates for July 1st of the current year and each for the forecast years. See References for more information.
  2. Population Density = Total Population per square mile.
  3. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.

GROWTH RATE / YEAR

2010-2018 2018-2023
Population -0.75% -0.78%
Households -0.77% -0.89%
Families 0.62% -1.01%
Median Household Income   1.39%
Per Capita Income   1.63%

Banner Elk, NC - Peer Comparisons by Rank and Percentile

The table below compares Banner Elk to the other 739 incorporated cities, towns and CDPs in North Carolina by rank and percentile using July 1, 2018 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 443 40th
Population Density # 450 39th
Diversity Index # 567 23rd
Median Household Income # 413 44th
Per Capita Income # 363 51st

Additional comparisons and rankings can be made with a VERY EASY TO USE North Carolina Census Data Comparison Tool.

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