Banner Elk is a city located in Avery County North Carolina. With a 2020 population of 1,149, it is the 322nd largest city in North Carolina and the 9771st largest city in the United States . Banner Elk is currently declining at a rate of 0.00% annually and its population has increased by 11.77% since the most recent census, which recorded a population of 1,028 in 2010. Banner Elk reached it's highest population of in . Spanning over 2 miles, Banner Elk has a population density of 598 people per square mile.
The average household income in Banner Elk is $77,978 with a poverty rate of 16.77%. The median rental costs in recent years comes to $813 per month, and the median house value is $311,600. The median age in Banner Elk is 21.2 years, 21.7 years for males, and 21.1 years for females.