Looking for an investment? Look no further! This group of condos is being offered below appraisal value and is well-seasoned for the investor looking for a “Home Run.” All units are 2 bed, 1 bath with an open floorplan. Three units have updated solid surface floors, granite, dishwashers, garbage disposals, Jacuzzi tubs with surround shower, custom closets, built in desks, and vented gas stone corner fireplaces. All units have very spacious decks and the two end units have additional decks with sliders. The location is superb, minutes to town, restaurants, Lowes Hardware, and grocery stores. Both Sugar Mountain and Beech Mountain ski resorts are only a short drive. A short 5 minute drive to Lees McRae and a 30 minute drive to Appalachian State University. For the hiking enthusiast Grandfather Mountain and numerous hiking trails are close by. These units stay rented. Long term rentals accepted, and short term rentals could be a possibility.
The median home value in Banner Elk, NC is $750,000. This is higher than the county median home value of $275,800. The national median home value is $338,100. The average price of homes sold in Banner Elk, NC is $750,000. Approximately 29.18% of Banner Elk homes are owned, compared to 14.73% rented, while 56.09% are vacant. Banner Elk real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Banner Elk real estate agent to arrange a tour today!
Banner Elk, North Carolina has a population of 1,350. Banner Elk is less family-centric than the surrounding county with 10.75% of the households containing married families with children. The county average for households married with children is 23.97%.
The median household income in Banner Elk, North Carolina is $58,333. The median household income for the surrounding county is $46,383 compared to the national median of $69,021. The median age of people living in Banner Elk is 21.5 years.
The average high temperature in July is 74.5 degrees, with an average low temperature in January of 19.7 degrees. The average rainfall is approximately 55 inches per year, with 41.5 inches of snow per year.