Market Summary

Banner Elk, Watauga County, NC

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Median Home Price Price

$572,216 $572.2K

Median Monthly Rent Rent

$1,172 $1.2K

GRM

41.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Watauga County

Region Price Rent GRM Display
Seven Devils
$544,253 $1,275 36.0x
Blowing Rock
$723,175 $1,338 45.0x

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Monthly rent

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GRM

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Similar markets within NC outside of Watauga County

Region Price Rent GRM Display
Stallings, Union County, NC
$451,294 $1,265 30.0x
Lake Lure, Rutherford County, NC
$438,249 $1,048 35.0x
High Point, Guilford County, NC
$241,890 $1,148 18.0x
Manns Harbor, Dare County, NC
$327,692 $1,506 18.0x
Franklinton, Franklin County, NC
$354,690 $1,185 25.0x
Rolesville, Wake County, NC
$500,735 $1,258 33.0x
Saint James, Brunswick County, NC
$690,138 $1,520 38.0x
Wesley Chapel, Union County, NC
$639,362 $1,281 42.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of NC

Region Price Rent GRM Display
Essex, Chittenden County, VT
$464,159 $1,843 21.0x
Edinburg, Hidalgo County, TX
$210,939 $1,143 15.0x
Hiawassee, Towns County, GA
$389,888 $1,110 29.0x
Yachats, Lincoln County, OR
$521,254 $1,255 35.0x
Hagaman, Saratoga County, NY
$256,024 $1,117 19.0x
White Bluff, Dickson County, TN
$332,079 $1,150 24.0x
Dawsonville, Dawson County, GA
$432,759 $1,938 19.0x
Dos Palos, Merced County, CA
$355,119 $1,205 25.0x
Canton, Cherokee County, GA
$507,388 $2,052 21.0x
Mission, Hidalgo County, TX
$216,372 $1,077 17.0x
Raymond, Cumberland County, ME
$480,424 $1,173 34.0x
Spearfish, Lawrence County, SD
$448,791 $1,140 33.0x
Morganton, Fannin County, GA
$485,089 $1,171 35.0x
Bethel, Oxford County, ME
$430,553 $1,077 33.0x
Gadsden, Yuma County, AZ
$238,285 $1,107 18.0x
Live Oak, Sutter County, CA
$380,360 $1,001 32.0x
Richlandtown, Bucks County, PA
$355,083 $1,827 16.0x
Holcomb, Finney County, KS
$232,620 $1,226 16.0x
Evergreen, Clear Creek County, CO
$866,637 $2,284 32.0x
Norway, Oxford County, ME
$323,527 $952 28.0x
Claremore, Rogers County, OK
$253,047 $1,209 17.0x
Dolores, Dolores County, CO
$458,208 $1,040 37.0x
Hulmeville, Bucks County, PA
$425,483 $1,787 20.0x
Seal Rock, Lincoln County, OR
$511,873 $1,088 39.0x
Wilton, Franklin County, ME
$224,259 $540 35.0x
Folsom, Delaware County, PA
$314,640 $1,810 15.0x
Hope, Bonner County, ID
$715,277 $1,605 37.0x
Melrose, Putnam County, FL
$302,046 $637 39.0x
Cammack Village, Pulaski County, AR
$273,552 $1,145 20.0x
Stockdale, Wilson County, TX
$346,622 $1,166 25.0x
West Berlin, Camden County, NJ
$338,292 $1,756 16.0x
Tuscaloosa, Tuscaloosa County, AL
$222,356 $1,247 15.0x
Marietta, Cobb County, GA
$467,961 $2,171 18.0x
Hot Springs, Garland County, AR
$242,804 $1,270 16.0x
Colbert, Spokane County, WA
$577,261 $1,508 32.0x
Holly Springs, Cherokee County, GA
$428,414 $2,025 18.0x
Del Rey Oaks, Monterey County, CA
$867,129 $1,988 36.0x
Dahlonega, Lumpkin County, GA
$375,340 $1,428 22.0x
Lillian, Baldwin County, AL
$306,141 $1,109 23.0x
Bandon, Coos County, OR
$471,565 $1,107 35.0x
Basye, Shenandoah County, VA
$323,777 $1,055 25.0x
Lumberton, Hardin County, TX
$269,237 $1,263 18.0x

Home prices

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Monthly rent

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GRM

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Banner Elk

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Trend Insights

Median Rent in Banner Elk, NC is $1,172, with MoM change +$6 and YoY change +$31 pointing to positive momentum while volatility is low (std $7).

Benchmark Markets Side by Side

Search a market to benchmark rent, price, YoY, and price-to-rent against Banner Elk, NC.

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Metric
Base market Banner Elk, NC
Compare market Select a market
Delta vs base
Median rent
$1,172
N/A
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Median price
$572,216
N/A
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YoY change
+$31
N/A
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Price-to-rent
40.7x
Data unavailable
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