Zip Code: 28604 (Banner Elk, North Carolina) - Trend of Zillow Home Value Index (ZHVI) for All Homes (SFR, Condo/Co-op), Smooth and Seasonally Adjusted (Zillow)

Updated on March 22, 2026.

According to data from Zillow.com, the smoothed and seasonally adjusted Zillow home value index (ZHVI) for All Homes (SFR, Condo/Co-op) in the 28604 Zip Code (Banner Elk, North Carolina) in February 2026 was $481,639.516. The month over month percentage change (MoM) was -0.11%, and the year over year percentage change (YoY) was -1.34%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 28604 zip code (Banner Elk, North Carolina). The table below shows the trend of the smoothed and seasonally adjusted ZHVI, and the MoM and YoY percentage changes for the 28604 zip code (Banner Elk, North Carolina).

You can see similar information for other North Carolina zip codes, and for North Carolina.

Note: Zillow Home Value Index (ZHVI) is a measure of the typical home value and market changes across a given region and housing type. It reflects the typical value for homes in the 35th to 65th percentile range.

Data Source: Zillow.
Zip Code: 28604 (Banner Elk, North Carolina) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 28604 (Banner Elk, North Carolina) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
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Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 211874.516281656 -0.06 0.91
Feb 2015 212141.39064352517 0.13 1.04
Mar 2015 212345.98821688743 0.10 1.04
Apr 2015 213017.8471838506 0.32 1.22
May 2015 213998.10620322952 0.46 1.25
Jun 2015 215482.49326962352 0.69 1.67
Jul 2015 217325.7940345458 0.86 2.16
Aug 2015 218973.2586633937 0.76 2.91
Sep 2015 219649.77099329873 0.31 3.34
Oct 2015 220013.5709373119 0.17 3.69
Nov 2015 219956.19519131258 -0.03 3.78
Dec 2015 220769.8269895648 0.37 4.14
Jan 2016 221439.45989917565 0.30 4.51
Feb 2016 221508.4386061741 0.03 4.42
Mar 2016 220894.89110179 -0.28 4.03
Apr 2016 220330.6363574136 -0.25 3.43
May 2016 220477.7631845615 0.07 3.03
Jun 2016 220740.45568786492 0.12 2.44
Jul 2016 220626.2574277184 -0.05 1.52
Aug 2016 220615.23292545942 0.00 0.75
Sep 2016 220844.8083829018 0.10 0.54
Oct 2016 220862.6369416006 0.01 0.39
Nov 2016 220487.21265932545 -0.17 0.24
Dec 2016 220324.87135596 -0.07 -0.20
Jan 2017 220655.70885898476 0.15 -0.35
Feb 2017 221601.4430683829 0.43 0.04
Mar 2017 222717.97053385436 0.50 0.83
Apr 2017 224263.26719046268 0.69 1.79
May 2017 225471.3055061533 0.54 2.27
Jun 2017 226225.64697660308 0.34 2.49
Jul 2017 226763.1998415178 0.24 2.78
Aug 2017 227169.31435545965 0.18 2.97
Sep 2017 227418.75862011864 0.11 2.98
Oct 2017 227628.85867606336 0.09 3.06
Nov 2017 228208.1192844261 0.25 3.50
Dec 2017 229704.1331541283 0.66 4.26
Jan 2018 231526.59341376091 0.79 4.93
Feb 2018 233153.407778971 0.70 5.21
Mar 2018 234391.98529604226 0.53 5.24
Apr 2018 235028.2410099268 0.27 4.80
May 2018 235899.34182034622 0.37 4.63
Jun 2018 236561.04259978503 0.28 4.57
Jul 2018 237664.63532231422 0.47 4.81
Aug 2018 238686.4536483204 0.43 5.07
Sep 2018 239871.70221077025 0.50 5.48
Oct 2018 240965.43280043683 0.46 5.86
Nov 2018 242265.63734562905 0.54 6.16
Dec 2018 243673.38243329726 0.58 6.08
Jan 2019 244859.3130444299 0.49 5.76
Feb 2019 245954.88577260342 0.45 5.49
Mar 2019 246986.55409789397 0.42 5.37
Apr 2019 247959.6278630666 0.39 5.50
May 2019 248310.19592350416 0.14 5.26
Jun 2019 248329.21049278 0.01 4.97
Jul 2019 248540.90153282913 0.09 4.58
Aug 2019 249352.94806193185 0.33 4.47
Sep 2019 250674.26050280384 0.53 4.50
Oct 2019 252469.6534908799 0.72 4.77
Nov 2019 254556.27130173272 0.83 5.07
Dec 2019 256809.76079719377 0.89 5.39
Jan 2020 259072.1468731209 0.88 5.80
Feb 2020 260969.95489958356 0.73 6.11
Mar 2020 262659.32011827885 0.65 6.35
Apr 2020 263898.59308541595 0.47 6.43
May 2020 264871.93541843 0.37 6.67
Jun 2020 265763.1685320752 0.34 7.02
Jul 2020 267055.10904744273 0.49 7.45
Aug 2020 269849.70584377437 1.05 8.22
Sep 2020 274608.28083410265 1.76 9.55
Oct 2020 281383.71690281964 2.47 11.45
Nov 2020 289855.72998515173 3.01 13.87
Dec 2020 299502.86495519365 3.33 16.62
Jan 2021 309119.298394284 3.21 19.32
Feb 2021 318122.5069906518 2.91 21.90
Mar 2021 326970.8936043197 2.78 24.49
Apr 2021 336893.01134626166 3.04 27.66
May 2021 348570.75494309556 3.47 31.60
Jun 2021 360504.0824115135 3.42 35.65
Jul 2021 370458.2959746838 2.76 38.72
Aug 2021 377710.35724328336 1.96 39.97
Sep 2021 382805.20646545617 1.35 39.40
Oct 2021 388117.71333763446 1.39 37.93
Nov 2021 394375.8852359627 1.61 36.06
Dec 2021 400986.882584346 1.68 33.88
Jan 2022 409625.09190687427 2.15 32.51
Feb 2022 419929.1047820877 2.52 32.00
Mar 2022 433581.2852486126 3.25 32.60
Apr 2022 449120.0364050178 3.58 33.31
May 2022 463717.320558462 3.25 33.03
Jun 2022 475508.39772427647 2.54 31.90
Jul 2022 480937.29600700113 1.14 29.82
Aug 2022 481471.1054607088 0.11 27.47
Sep 2022 477668.50346475147 -0.79 24.78
Oct 2022 474347.3898853453 -0.69 22.22
Nov 2022 471414.2796775265 -0.62 19.53
Dec 2022 468529.77737171156 -0.61 16.84
Jan 2023 464849.4628745248 -0.79 13.48
Feb 2023 463101.0937880734 -0.38 10.28
Mar 2023 464214.3920113356 0.24 7.07
Apr 2023 466817.9559570495 0.56 3.94
May 2023 468425.7312251768 0.34 1.01
Jun 2023 470113.97457147547 0.36 -1.13
Jul 2023 471620.1071576913 0.32 -1.94
Aug 2023 473228.5354104845 0.34 -1.71
Sep 2023 474842.41512081074 0.34 -0.59
Oct 2023 476130.2288369583 0.27 0.38
Nov 2023 478312.1148953228 0.46 1.46
Dec 2023 479567.5060591852 0.26 2.36
Jan 2024 480576.61040351755 0.21 3.38
Feb 2024 481183.5773231873 0.13 3.91
Mar 2024 483809.78592935 0.55 4.22
Apr 2024 487533.30411238986 0.77 4.44
May 2024 491229.29510963504 0.76 4.87
Jun 2024 492151.1594326428 0.19 4.69
Jul 2024 491921.9622432611 -0.05 4.31
Aug 2024 491729.03968742926 -0.04 3.91
Sep 2024 493312.1963910764 0.32 3.89
Oct 2024 494830.1773729857 0.31 3.93
Nov 2024 494506.3873904002 -0.06 3.39
Dec 2024 492814.7803092511 -0.34 2.76
Jan 2025 490123.87439635675 -0.55 1.99
Feb 2025 488183.77232364536 -0.40 1.46
Mar 2025 486008.9758143649 -0.44 0.46
Apr 2025 485257.94387540274 -0.15 -0.47
May 2025 485124.92888103303 -0.03 -1.24
Jun 2025 484679.02247655485 -0.09 -1.52
Jul 2025 483995.2055475545 -0.14 -1.61
Aug 2025 483597.7519695861 -0.08 -1.65
Sep 2025 484026.3552635599 0.09 -1.88
Oct 2025 483976.56323003146 -0.01 -2.19
Nov 2025 483164.1525252747 -0.17 -2.29
Dec 2025 482571.6629921177 -0.12 -2.08
Jan 2026 482167.2552706746 -0.08 -1.62
Feb 2026 481639.51596166287 -0.11 -1.34