Mid-Term Rental Market Analytics & Investment Insights
Annual Revenue
$29,700
Based on 9 full time Airbnb rentals
Average Monthly Rate
$2,700
Gross Yield
5.13%
#127 in the USProperty Tax Rate
0.42%
According to Zillow’s Home Value Index Methodology, homes in Banner Elk have appreciated by 0.12% over the last year.
As of July 2025, the Zillow Home Value Index shows a typical home value of $578,461 in Banner Elk.
There are 9 active mid‑term rentals, with an average monthly rate of $2,700, resulting in an approximate annual revenue of $29,700 per property.
Banner Elk is considered Investor-Friendly for mid‑term investments.
Average Monthly Rate Trend
$2,700
Active Mid-Term Rentals
9
Mid‑term rentals in Banner Elk offer an average gross yield of 5.13%, with a typical property tax of 0.42%—source: SmartAsset Property Tax Calculator.
The median household income in Banner Elk is $55,922.
Unemployment in Banner Elk is 3.8%, which is lower than the U.S. average of 3.9%.
The most popular type is 3-bedroom with an average monthly rent of $2,800 and an average yearly revenue of $30,800.
| Bedrooms | Listings | Average Monthly Rate | Annual Revenue |
|---|---|---|---|
| Studio | 0 | $0 | $0 |
| 1 Bedroom | 1 | $0 | $0 |
| 2 Bedroom | 2 | $0 | $0 |
| 3 Bedroom | 5 | $2,800 | $30,800 |
| 4 Bedroom | 0 | $0 | $0 |
| 5 Bedroom | 1 | $0 | $0 |
Let our agents guide you to the best mid-term rental investments in Banner Elk, NC
Disclaimer
This page and the data presented are for informational purposes only. The information provided should not be construed as financial, legal, or investment advice. Market conditions can change rapidly, and past performance does not guarantee future results. Always consult with qualified professionals before making investment decisions.