Median price for residential apartments in as of Aug, 2021.
Remember to negotiate your price according to median sale prices. Also, take into account that the price depends on the size/amenities of the apartment.
23 Banner Elk, NC 28604, USA apartments for sale
Banner Elk
According to statistics, the population in Banner Elk, NC amounts to 1,451, which shows growth 16% compared to the previous year. The median age of the city’s residents is 22. The average household income is $53,750, shifting decline -22% from the past year, and the average property value in Banner Elk, NC decline -8% to $295,500 throughout the year.
| Population | 1,451 |
| Median Age | 21.6 |
| Poverty Rate | 17% |
| Household Income | $53,750 |
| Number Of Employees | 637 |
| Median Property Value | $295,500 |
Household Income
The average household income in Banner Elk, NC declined from $69,107 to $53,750 in the past year. This data is an estimate based upon 360 households in Banner Elk, NC . The chart below presents how household income is distributed in Banner Elk, NC in comparison to the revenue allocation amid households nationally.
- USA
- Banner Elk, NC
Property Value
According to data from last year, the average property value in Banner Elk, NC shifted from $320,400 to $295,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Banner Elk, NC in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Banner Elk, NC properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
- USA
- Banner Elk, NC
Rent vs. Own
- Rent46%
- Own54%
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Banner Elk, NC compared to median property taxes around the country. The prevalent amount of property taxes in Banner Elk, NC equals $1150, which is less than the national average.
- USA
- Banner Elk, NC
Housing Trends
Banner Elk, NC 28604, USA Housing Trends
Average sale in Banner Elk: undefined (-0%)
| Apartment Size | Aug | vs Last Month |
|---|---|---|
| 2 bed apartments | $141,000 | N/A |
| 3 bed apartments | $207,000 | N/A |
| 4+ bed apartments | $199,450 | N/A |
During Sep 2021, the average price for an apartment in/near Banner Elk, NC decreased by 100% to $0.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $141,000. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $207,000. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $199,450 for a big-family home.
| Listing Type | Aug | vs Last Month |
|---|---|---|
| Houses for sale | $174,000 | N/A |
| Apartments for sale | $199,450 | N/A |
While assessing the property pricing Banner Elk, NC, you can note that it remains flat with a price tag of $199,450. According to statistics, average house is still $174,000 with no significant changes this month.
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