Banner Elk, situated in Avery County, is a small town made up of a little less than two square miles.
June 19, 2018
The area around Elk River was known to have been settled by the Cherokee although there is no proof of a permanent settlement. In 1848, the first settlement was formed by Martin L. Banner.
Originally from Wales, the Banner family left Forsyth County, and moved to the area. As the family grew, the area they inhabited became known as Banner's Elk. In 1911, the town was incorporated, and the name was shortened to Banner Elk.
The median resident age in Banner Elk is 22 years. The median estimated household income is about $52,000 making it about $7,000 more than the North Carolina average. The estimated per capita is about $17,000. The average price for a home in Banner Elk is about $299,000 (2013) which is $144,000 more than the North Carolina Average. Expect to pay about $1,100 a month for rent.
The racial makeup of Banner Elk is 86% White, 6% Black, 6% Hispanic, and 2% other. 99% of the population are high school graduates, with 48% holding a Bachelor's Degree or higher. 32% are married, 2% are divorced, 2% are widowed, 1% are separated, leaving 63% that have never been married.
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Banner Elk belongs to Avery County in the western part of North Carolina. The county was named after Waightstill Avery; he was American Revolutionary War colonel and the first Attorney General of North Carolina. Avery County has a population of 18,000 and the city Newland, with a population of 700, is the county seat.
Avery County, the newest county of North Carolina, was formed from parts of Mitchell, Watauga, and Caldwell Counties in 1911.
Avery County borders Watauga, Mitchell, McDowell, Burke, Caldwell, Carter (Tennessee), and Johnson (Tennessee) Counties.
Avery County is made up of 247 square miles; nearly all 247 square miles are land.
The Population of Banner Elk, NC is about 1,100.
The elevation of Banner Elk, NC is 3,701 feet above sea level.
The zip code for Banner Elk, NC is 28604.
The area code for Banner Elk, NC is 828.
Historically speaking Banner Elk and Avery County have voted mostly Republican, with 75% going to Mitt Romney during the 2012 Presidential Election. This represents the trend for the previous four or five elections.
As of 2010, 58% of the population are religiously unaffiliated (Nones). About 40% are protestants with Catholics making up around 2%.
The unemployment rate for Banner Elk is around 5% (2015), making it the same as the state average of about 5%. Educational services, construction, and retail make nearly 50% of the most common industries in the town.