Home prices
The median home in Banner Elk is valued at $311,600. It is about $86,700 (38%) higher in comparison to its nearby areas.In comparison to the entire nation it is approximately $94,100 (43%) higher, and is approximately $91,300 (41%) higher in comparison to the city of Charlotte.
Rents
Banner Elk's median rent is $813 a month. Compared to other places in this area this is about $40 (4%) lower.It is approximately $249 (23%) lower compared to the rest of the nation, and compared to the city of Charlotte is about $322 (28%) lower.
Nearby places
Sugar Mountain
Sugar Mountain is roughly 2 miles south of Banner Elk. Its housing prices are substantially less expensive. The median home value in Sugar Mountain is $232,300, which works out to $79,300 (34%) lower than Banner Elk. Rents there are a bit more expensive. The median monthly rent in Sugar Mountain is $963, which works out to $150 (15%) higher than Banner Elk.
Seven Devils
Seven Devils is about 2 miles east of Banner Elk. Real estate prices there are similar. The median home in Seven Devils is valued at $301,900, which works out to $9,700 (3%) lower than Banner Elk. Rents there are fairly similar. The median monthly rent in Seven Devils is $796, which is $17 (2%) lower than Banner Elk.
Beech Mountain
Beech Mountain is about 3 miles north from Banner Elk. Its housing prices are a bit less expensive. The median home price in Beech Mountain is $257,800, which comes out to $53,800 (20%) lower than Banner Elk. The rent there is a bit more expensive. Beech Mountain's median rent is $1,141 per month, which works out to $328 (28%) higher than Banner Elk.
Foscoe
Foscoe is about 4 miles east of Banner Elk. The housing prices there are a lot less expensive. The median home in Foscoe is valued at $234,000, which comes out to $77,600 (33%) lower than Banner Elk. The rent there is fairly similar. In Foscoe the median rent is $791 a month, which comes out to $22 (2%) lower than Banner Elk.
Elk Park
Elk Park is approximately 5 miles west from Banner Elk. Real estate prices there are substantially less expensive. The median home in Elk Park costs $98,500, which comes out to $213,100 (216%) lower than Banner Elk. The rent there is a lot less expensive. The median rent in Elk Park is $575 a month, which works out to $238 (41%) lower than Banner Elk.
