Banner Elk, NC Real Estate
According to census data in the year 2000 there were 308 housing units in Banner Elk.
This represents a 34.5% growth from 229 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 308 were located in what is classified as a rural area.
Homeownership rate in Banner Elk is about 43.6%.
Banner Elk's vacancy rate, including seasonal lodging, is about 33.8%.
Average household size is 2.08 people.
The majority of houses, apartments or condos in Banner Elk were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 10.70% |
| Two Bedrooms | 33.40% |
| Three Bedrooms | 43.20% |
| Four Bedrooms | 12% |
| Five Bedrooms or more | 0.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 1.93 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $168,800 |
| Median Price asked for vacant units | $225,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.2 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $515 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 12.30% |
| Simple Mortgage | 50.60% |
| Debt Free | 37% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.4% |
