Banner Elk, North Carolina — ZIP 28604
Avery County, Boone, NC. Home values and rents from Zillow research data, demographics from the Census ACS, and a 12-month appreciation forecast from our own model.
Heat Score
50/ 95
Neutral Market
Typical Home Value
$491K
-0.0% year over year
12-Month Forecast
+1.0%
to $496K
Gross Rental Yield
4.6%
Annual rent divided by home value
Typical home value
Sep 2023 – Sep 2026 · Zillow ZHVI · hover or use arrow keys
$481,658$501,933
How reliable is this forecast?
Backtested against this ZIP's own history, the model was off by an average of 0.52%. It also beat a seasonal-naive baseline here.
Who lives here
- Population
- 7,671
- Median household income
- $61,161
- Unemployment
- 6.0%
- Owner-occupied
- 76%
Source: U.S. Census Bureau, ACS 5-year estimates.
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Not financial advice. For informational purposes only.