Living in Banner Hill, Tennessee
Cost of living, income, home prices, rent and demographics of Banner Hill · Census data 2020–2024
Banner Hill has 1,211 residents with a median age of 42.6. The median household income is $59,784 (14% lower than the Tennessee median), the median home value is $116,300.
Banner Hill is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Banner Hill at a glance
- Population
- 1,211
- Median age
- 42.6State: 38.9
- Median household income
- $59,784State: $69,595
- Median home value
- $116,300State: $286,700
- Homeowners
- 88.4%
- Bachelor's degree or higher
- 13.2%
- Average commute
- 26 min
Is Banner Hill a good place to live?
Pros: Home values 59% lower than the state median.
Cons: Median household income 14% lower than the Tennessee median; an average commute of 26 minutes; unemployment of 10.3%; a poverty rate of 28.4%.
The weather is best in May–June and September–October.
Cost of living in Banner Hill
Housing is the biggest part of the cost of living. In Banner Hill the median home value is $116,300, 65% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,148 a month in housing costs.
Banner Hill median household income
The median household income in Banner Hill is $59,784 and the income per person is $28,156. 28.4% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Banner Hill: homes for sale and rent
- Housing units
- 527
- Owner-occupied
- 88.4%
- Renter-occupied
- 11.6%
- Vacant
- 8.7%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.29
Banner Hill demographics
- Population
- 1,211
- Median age
- 42.6
- Under 18
- 25.6%
- 65 and older
- 19.7%
- Households
- 481
- Foreign-born
- 0%
- Veterans
- 8.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Banner Hill ›
Education in Banner Hill
13.2% of adults 25 and older in Banner Hill have a bachelor's degree or higher (Tennessee: 31.1%), and 11.7% have a graduate or professional degree.
Jobs and commute in Banner Hill
- Unemployment rate
- 10.3%State: 4.7%
- Average commute
- 26 minState: 26 min
- Work from home
- 0%
- Drive alone
- 76.4%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 83%
Banner Hill vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Banner Hill | 1,211 | $59,784 | $116,300 | — |
| Erwin | 5,988 | $47,487 | $180,900 | $614 |
| Unicoi | 3,806 | $42,424 | $244,300 | $920 |
| Telford | 731 | $69,200 | $228,600 | — |
| Jonesborough | 6,232 | $74,015 | $299,200 | $1,129 |
| Pine Crest | 2,029 | $53,537 | $196,600 | $700 |
| Johnson City | 72,222 | $57,254 | $268,200 | $1,023 |
| Burnsville | 2,082 | $50,997 | $243,500 | $862 |
| Central | 1,938 | $37,444 | $151,800 | $952 |
More for people moving to Banner Hill
Banner Hill ZIP code ›Weather and climate ›Living in Banner Hill: FAQ
What is the median household income in Banner Hill, TN?
The median household income in Banner Hill is $59,784, 14% lower than the Tennessee median of $69,595 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Banner Hill?
The median home value in Banner Hill is $116,300, compared with $286,700 in Tennessee.
Is Banner Hill, TN a good place to live?
Pluses: home values 59% lower than the state median. Minuses: median household income 14% lower than the Tennessee median; an average commute of 26 minutes; unemployment of 10.3%; a poverty rate of 28.4%.
What is the median age in Banner Hill?
The median age in Banner Hill is 42.6 years (Tennessee: 38.9).
How long is the commute in Banner Hill?
The average commute to work in Banner Hill is 26 minutes; 0% of workers work from home.
What is the unemployment rate in Banner Hill?
The unemployment rate in Banner Hill is 10.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Banner Hill?
13.2% of adults in Banner Hill have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: