28604
Banner Elk, North Carolina.
Banner Elk, Avery County, NC · Boone, NC metro · population 7,869
to buy the typical home at today's mortgage rate — +$1,618 (+169%) since Jan 2020.
- 1 year
- Down $156 -0%
- $490,974$490,818 since Sep 2025
- 5 years
- Up $102,518 +26%
- $388,300$490,818 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 28604$2,576
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in zip 28604 fell 0.0% over the past year — slower than the nation's +1.2%.
This zip spans 2 counties: Watauga County, NC 58% · Avery County, NC 42%
Zillow also publishes an index for the city itself: Banner Elk, NC — measured over the city limits, which is a different area from this zip.
Typical home value — 28604
Mid-tier homes, smoothed and seasonally adjusted.
- 28604$490,818
- Boone$507,770
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 5.7 | 28679 | Sugar Grove | 2,454 | — | $405,027 |
| 5.8 | 28622 | Elk Park | 2,565 | — | $307,009 |
| 6.5 | 28646 | Linville | 382 | — | $1,377,285 |
| 7.8 | 28692 | Vilas | 4,367 | — | $421,023 |
| 8.6 | 28605 | Blowing Rock | 3,883 | — | $775,424 |
| 11.5 | 28657 | Newland | 8,188 | — | $292,035 |
| 11.6 | 28607 | Boone | 35,679 | $2,336 | $491,351 |
| 12.8 | 37640 | Butler | 3,851 | — | $306,612 |
| 13.1 | 28698 | Zionville | 2,320 | — | $340,247 |
| 13.3 | 28611 | Collettsville | 424 | — | $164,166 |
| 13.9 | 37687 | Roan Mountain | 4,493 | — | $247,001 |
| 14.2 | 37691 | Trade | 475 | — | $266,840 |
| 16.9 | 28684 | Todd | 1,961 | — | $459,488 |
| 18.1 | 37658 | Hampton | 3,854 | — | $208,561 |
| 18.8 | 28618 | Deep Gap | 2,208 | — | $396,949 |
| 19.1 | 37683 | Mountain City | 12,943 | — | $233,747 |
| 19.6 | 28705 | Bakersville | 6,732 | — | $224,505 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.