Banner Elk North Carolina

Banner Elk: High Country’s Best Kept Secret

Nestled between two ski resorts (Beech Mountain and Sugar Mountain) and next door to North Carolina’s top outdoor destination Grandfather Mountain, Banner Elk is still a (mostly) hidden gem compared to it’s Boone and Blowing Rock neighbors.

But that doesn’t make it any less desirable for those seeking a mountain lifestyle. In fact, Banner Elk is most desirable because of its relaxing, “away from it all” feel. Banner Elk is quiet, cozy and very much up-and-coming.

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With everything in the High Country to do within a few minutes drive, as well as natural beauty, privacy and serenity all rolled into one, it’s no wonder retirees, golfers, skiiers, climbers and fishermen in the know are buying vacation homes or relocating here.

In fact, the Banner Elk area boasts some of the most active real estate development in the HIgh Country for those seeking luxury mountain living at its finest.

Valle Crucis / Foscoe median real estate price is $227,190, which is more expensive than 72.3% of the neighborhoods in North Carolina and 56.8% of the neighborhoods in the U.S.

The average rental price in Valle Crucis / Foscoe is currently $1,062, based on NeighborhoodScout’s exclusive analysis. Rents here are currently lower in price than 42.0% of North Carolina neighborhoods.

Valle Crucis / Foscoe is a rural neighborhood (based on population density) located in Banner Elk, North Carolina.

Valle Crucis / Foscoe real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Valle Crucis / Foscoe neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in Valle Crucis / Foscoe. The current real estate vacancy rate here is 55.3%. This is higher than the rate of vacancies in 99.0% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (43.3%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

*Data and info sourced from NeighborhoodScout

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Banner Elk, the Valle Crucis / Foscoe neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

*Data and info sourced from NeighborhoodScout

If you are planning to retire in North Carolina, this neighborhood should be on your must-see list. For many reasons, Valle Crucis / Foscoe may be considered a retiree’s dream neighborhood. According to NeighborhoodScout’s exclusive analysis and metrics, it’s peaceful and quiet, has above average safety from crime compared to other neighborhoods in North Carolina, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 99.5% of neighborhoods in NC. If a North Carolina retirement is in your future, this neighborhood should be one of the places you visit.

*Data and info sourced from NeighborhoodScout

Did you know that the Valle Crucis / Foscoe neighborhood has more Scots-Irish and Welsh ancestry people living in it than nearly any neighborhood in America? It’s true! In fact, 5.8% of this neighborhood’s residents have Scots-Irish ancestry and 2.4% have Welsh ancestry.

*Data and info sourced from NeighborhoodScout

Despite all of the residential real estate here in the Valle Crucis / Foscoe neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 55.3%, which is higher than 99.0% of all U.S. neighborhoods.

*Data and info sourced from NeighborhoodScout

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout’s analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Valle Crucis / Foscoe neighborhood in Banner Elk are middle-income, making it a moderate income neighborhood. NeighborhoodScout’s exclusive analysis reveals that this neighborhood has a higher income than 44.8% of the neighborhoods in America. With 36.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 80.0% of U.S. neighborhoods.

*Data and info sourced from NeighborhoodScout

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Valle Crucis / Foscoe neighborhood, 37.9% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 28.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (22.1%), and 12.0% in clerical, assistant, and tech support occupations.

*Data and info sourced from NeighborhoodScout

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Valle Crucis / Foscoe neighborhood in Banner Elk, NC, residents most commonly identify their ethnicity or ancestry as German (20.1%). There are also a number of people of English ancestry (16.5%), and residents who report Irish roots (11.9%), and some of the residents are also of Scots-Irish ancestry (5.8%), along with some Scottish ancestry residents (4.7%), among others.

*Data and info sourced from NeighborhoodScout

The most common language spoken in the Valle Crucis / Foscoe neighborhood is English, spoken by 94.1% of households. Some people also speak Spanish (4.3%).

*Data and info sourced from NeighborhoodScout

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one’s commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Valle Crucis / Foscoe neighborhood spend between 15 and 30 minutes commuting one-way to work (47.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (90.5%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (7.7%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.

*Data and info sourced from NeighborhoodScout

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Homes for Sale in Banner Elk NC

  • Located in Banner Elk
  • Built in 2005
  • MLS #: 211721
  • 3 Bedrooms
  • 3 Bath
  • 1,812 SqFt
  • Located in Banner Elk
  • Built in 1997
  • MLS #: 214969
  • 3 Bedrooms
  • 3 Bath
  • 2,625 SqFt
  • Located in Banner Elk
  • Hickory Ridge
  • MLS #: 214252
  • Watauga County
  • Located in Banner Elk
  • Crooked Creek
  • MLS #: 214076
  • Avery County
  • Located in Banner Elk
  • None
  • MLS #: 218148
  • Avery County
  • Located in Banner Elk
  • Built in 2008
  • MLS #: 218100
  • 2 Bedrooms
  • 2 Bath
  • 1,382 SqFt
  • Located in Banner Elk
  • Built in 2009
  • MLS #: 208386
  • 7 Bedrooms
  • 8 Bath
  • 7,862 SqFt
  • Located in Banner Elk
  • Built in 1970
  • MLS #: 214754
  • 3 Bedrooms
  • 2 Bath
  • 1,110 SqFt
  • Located in Banner Elk
  • Built in 2003
  • MLS #: 217137
  • 3 Bedrooms
  • 3 Bath
  • 1,946 SqFt

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