Why Live in Banner Hill
Banner Hill, located on the south side of Erwin, is a suburban neighborhood that gradually becomes more dispersed as it extends toward the mountains. The area features a mix of 20th-century homes and newer constructions from the past 25 years, with ranch-style homes being the most common. Properties typically sit on quarter- to half-acre lots, providing ample space for backyard gardens and mountain views. Residents enjoy the absence of city taxes, paying only country taxes. Outdoor enthusiasts will find plenty of things to do, with Martin’s Creek Trail offering a 2.5-mile hike to a waterfall, and the nearby Appalachian Trail accessible from Chestoa Recreation Area. Unaka Bike Park and guided whitewater rafting trips along the Nolichucky River add to the recreational options. In town, Veterans Memorial Park and the Unicoi County Family YMCA provide additional amenities. Dining options include the locally owned Dari Ace, Cowboy’s Rendezvous Bar, and Union Street Taproom. The walkable South Main Avenue features local shops, cafes, and bakeries. Seasonal events such as the Christmas parade, Unicoi County Apple Festival, and First Fridays bring the community together. Interstate 26, located a mile west, connects residents to Johnson City 18 miles north and Asheville 44 miles south. While Banner Hill lacks public transportation, it offers a car-dependent lifestyle. Schools in the area include Love Chapel Elementary, Unicoi County Middle School, and Unicoi County High School, which offers Career and Technical Education pathways.
Frequently Asked Questions
Is Banner Hill a good place to live?
Banner Hill is a good place to live. Banner Hill is considered very car-dependent and somewhat bikeable. Banner Hill has 6 parks for recreational activities. It is sparse in population with 1.5 people per acre and a median age of 49. The average household income is $71,382 which is below the national average. College graduates make up 8.5% of residents. A majority of residents in Banner Hill are home owners, with 24.6% of residents renting and 75.4% of residents owning their home. A
local real estate agent serving Banner Hill can help you decide if this neighborhood is the right one for you. Learn more on our
Banner Hill neighborhood guide.
Is Banner Hill, TN a safe neighborhood?
Banner Hill, TN is safer than the average neighborhood in the United States. It received a crime score of 3 out of 10.
How much do you need to make to afford a house in Banner Hill?
The median home price in Banner Hill is $350,000. If you put a 20% down payment of $70,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,810 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $78K a year to afford the median home price in Banner Hill. The average household income in Banner Hill is $71K.
What are the best public schools in Banner Hill?
The best public schools that serve Banner Hill are:
What are the most popular zip codes in Banner Hill, Erwin, TN?
What are the most popular neighborhoods near Banner Hill, Erwin, TN?
Are home prices dropping in Banner Hill?
Yes, home prices in Banner Hill are down 40% in the last 12 months.
Home Trends in Banner Hill, TN
On average, homes in Banner Hill, Erwin sell after 63 days on the market compared to the national average of 70 days. The median sale price for homes in Banner Hill, Erwin over the last 12 months is $232,500, down 33% from the median home sale price over the previous 12 months.
Median Sale Price
$232,500
Median Single Family Sale Price
$232,500
Median Townhouse Sale Price
$350,000
Average Price Per Sq Ft
$269
Number of Homes for Sale
2
Last 12 months Home Sales
6
Median List Price
$350,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-33%