Banner Elk, NC — income, home value, property tax, and sales tax.
ZIP code 28679, centered on Banner Elk, sits in middle-income territory, with a median household income of $65,246 and per-capita income of $34,992. Homes here carry a median value of $287,100, and the county-level property tax rate of 0.39% keeps annual taxes on such a home below what many higher-tax counties charge. A combined sales tax rate of 6.75% applies to purchases. Taken together, the area pairs moderate earning levels with above-average housing values, so owners here tend to devote a smaller share of income to property taxes than the price tags alone might imply.
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