Banner Elk is a resort-style destination in the High Country
Banner Elk is a picturesque retreat nestled into the natural landscape of North Carolina’s High Country. “It has a pastoral, mountain feel, with shops and restaurants,” says Nate Wright of Hyatt in the High Country, who has sold several homes in the community. “It has a low-key, laid-back lifestyle. Another big draw is proximity to outdoor recreation.” This mountain town is home to about 1,300 full-time residents, but the population swells and the pace of activity picks up during the summer and winter seasons. Popular destinations include a lakefront beach, a state park with scenic views and two ski resorts. Banner Elk is also known for its downtown dining scene and the Woolly Worm Festival, the High Country equivalent of Groundhog Day.
A wide range of housing options for full-time living and second homes
The community has a variety of single-family options, which can be used as primary residences or second homes. “You have everything from traditional suburban homes for full-time living to winter cabins – and a lot of luxury homes. Luxury condos and townhouses, too,” Wright says. “There is a veritable mix.” Most homes are multi-level designs on spacious lots with mountain views. The oldest homes date to the late 19th and early 20th centuries and can be found in the heart of the community. Many large homes, which feature custom rustic designs, are in gated communities such as Sunset Ridge, Eagles Nest and The Farm. Such homes mingle with smaller homes in communities such as The Village at Apple Orchard and Crooked Creek. The median sales price is about $600,000. Living in the mountains means residents can expect cool summers and plenty of snow in the winter. Severe weather events are rare in the region, although the town sustained significant damage from the remnants of Hurricane Helene in 2024. It took nearly two months to get the water and sewer system back up and running at full capacity.
Parks, ski resorts highlight outdoor recreational options
Residents have access to an array of recreational opportunities. Tate-Evans Park is a community gathering place with a greenway trail and an amphitheater that hosts a summer concert series. Wildcat Lake offers a cozy beachside setting for swimming, fishing and paddling. Grandfather Mountain State Park showcases the region’s terrain and natural beauty with miles of hiking trails. Grandfather Mountain is home to the Mile High Swinging Bridge, a 228-foot-high regional attraction. When the weather cools, the action doesn’t stop. Residents on both sides of town are just minutes away from skiing. Beech Mountain offers shorter runs and is known for its commercial village. It's also the highest town east of the Rockies, at more than 5,500 feet. Sugar Mountain has longer runs for more experienced skiers.
Town center features local restaurants and shops
LP on Main and Highlands Prohibition Kitchen are featured stops among a diverse collection of dining and drinking destinations in the center of town. Other nearby favorites include Stonewalls Restaurant and Blind Elk Taproom, a contemporary beer hall that features food trucks and live music. The town center also includes several boutique shops. “There are not a lot of chains, it’s mostly local stuff,” Wright says. “That makes for a neat dynamic.” More shopping and dining options, including Food Lion, can be found on the community’s south side.
Annual Woolly Worm Festival draws 20,000 visitors
The Woolly Worm Festival celebrates 48 years in 2025. The two-day October event now draws about 20,000 visitors annually and includes more than 150 vendors and countless woolly worms. The festival honors the folklore that these fuzzy creatures, which are actually woolly bear caterpillars, can predict the weather. Much has changed over the years, but the featured attraction is still "worms" racing up nylon strings. Woolly worms are black on each end with a rust-colored band in the middle, and the winter forecast is based on the fastest worm’s coat. A winner with a wider band means a milder winter; a winner with a narrower band means colder conditions. Your move, Punxsutawney.
Banner Elk Elementary is district's highest-rated school
Avery County Schools serves the community and earns a B from Niche. Banner Elk Elementary School, which earns an A-minus, is the highest-rated school in the district. Avery Middle School and Avery County High School, located next to one another in nearby Newland, are rated B-minus.
Far removed from the hustle and bustle
Banner Elk is an isolated mountain town. North Carolina Highway 105 connects residents to Boone, home of Appalachian State University, about 17 miles away. The closest full-service medical center, Cannon Memorial Hospital, is about 10 miles south. The closest commercial airport, Tri-Cities Regional, is more than 50 miles away across the border in Tennessee. The closest large cities, Asheville and Charlotte, are about 80 and 120 miles away, respectively, and both require a drive of about 2 hours. “The nice thing about Banner Elk is that you really get away from the hustle and bustle of the city,” Wright says.
Written By
Matt Pallister
