ZIP Code 28605

In ZIP code 28605, near Banner Elk, homes carry a median value of $552,400, while the county-level effective property tax rate sits at 0.39%. That combination yields an annual property tax bill well below what the price tag alone might imply. Households here report a median income of $76,477, with per-capita income at $55,891 — earnings that stretch further against a lighter tax load. A 6.75% combined sales tax applies to purchases. Buyers weighing this market should note how the low rate offsets the steep entry price, shaping what ownership actually costs year over year.