Median home value in zip code 28604 (Banner Elk, NC) is $481,640, down 1.3% year over year. Part of the Boone, NC metropolitan area.

Home Value$481,640

YoY Change

-1.3%

Prices falling — better for buyers.

Affordability

Enter your income for 28604 (Banner Elk).

Income (annual)

Down Payment

$96,328 on $481,640

Example: $75,000 household income. Change it above to see your own.

Out of reach46.8% of income

Need $125,271/yr to afford.

PITI$2,923

P/I46.8%

Afford$288K

Gap-$193K

P&I $2,435Tax $337Ins $150

6.50% 30yr, 20% down, county tax + NC ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

28604 is part of the Boone, NC metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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