Housing market · ZIP 28604

Banner Elk, NC Home Prices & Forecast

Median value and 12-month outlook · as of April 2026

Median home value

$490,531

3-month-0.5%

6-month-0.9%

12-month-1.1%

Touse 12-month forecast

+0.6%

Projected median near $493,508 over the next 12 months

As of April 2026, the median home value in Banner Elk, NC (ZIP 28604) is $490,531. Prices are stable, down 1.1% over the past year. Touse's model projects a +0.6% change over the next 12 months, putting the median near $493,508.

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Nearby areas in Avery

Crossnore 28616 Elk Park 28622 Linville 28646 Minneapolis 28652 Montezuma 28653 Newland 28657 Pineola 28662 Plumtree 28664

Estimates are derived from Zillow Research price history and Touse's forecasting model (LightGBM + Prophet). Forecasts are 12-month projections with inherent uncertainty, not guarantees, and are not financial advice. Confirm with a licensed professional before any decision.