Rent to own Homes in Banner Elk, NC

Banner Elk, NC is a great place for affordable rent-to-own homes! With a median household income of over $53,750 and a median rent of $821, the Banner Elk, NC rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Banner Elk, NC. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Banner Elk, NC rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
New
198 BEECH HAVEN RD
Rent to Own Eligible
 
Townhouse/Condo
Banner Elk, NC 28604
2
3
1536 ft2
2006
New
615 ORCHARD LN
Rent to Own Eligible
 
Single Family Home
Banner Elk, NC 28604
4
3
2366 ft2
2016
New
198 BEECH HAVEN RD #4
Rent to Own Eligible
 
Townhouse/Condo
Banner Elk, NC 28604
2
3
1536 ft2
2006
173 OLD TURNPIKE RD
Rent to Own Eligible
 
Single Family Home
Banner Elk, NC 28604
3
2
1875 ft2
1984
133 CREEKSIDE FARM RD
Rent to Own Eligible
 
Single Family Home
Banner Elk, NC 28604
2
3
2052 ft2
2004
1 of 111 317 OLD TURNPIKE RD
Rent to Own Eligible
 
Single Family Home
Banner Elk, NC 28604
6
5
3428 ft2
1904
1 of 6 111 Maple Dr
Rent to Own Eligible
 
Single Family Home
Banner Elk, NC 28604
1
1
652 ft2
1987
1 of 23 21 Creekside Dr
Rent to Own Eligible
 
Single Family Home
Banner Elk, NC 28604
1
1
459 ft2
1983
1 of 90 169 GOLD FINCH CT
Rent to Own Eligible
 
Single Family Home
Banner Elk, NC 28604
4
7
6427 ft2
1994
New
3224 PINNACLE INN RD
Rent to Own Eligible
 
Townhouse/Condo
Beech Mountain, NC 28604
2
2
1036 ft2
1983
New
2306 PINNACLE INN RD
Rent to Own Eligible
 
Townhouse/Condo
Beech Mountain, NC 28604
2
2
1036 ft2
1983
15 EAGLE VILLAGE CIR
Rent to Own Eligible
 
Single Family Home
Banner Elk, NC 28604
2
3
1833 ft2
2016
New
3127 PINNACLE INN RD
Rent to Own Eligible
 
Townhouse/Condo
Beech Mountain, NC 28604
1
1
518 ft2
1983
New
1215 PINNACLE INN RD
Rent to Own Eligible
 
Townhouse/Condo
Beech Mountain, NC 28604
2
2
825 ft2
1984
New
59 LAZY LN
Rent to Own Eligible
 
Single Family Home
Banner Elk, NC 28604
4
3
2747 ft2
2003
3301 PINNACLE INN RD
Rent to Own Eligible
 
Townhouse/Condo
Beech Mountain, NC 28604
1
1
518 ft2
1983
New
3231 PINNACLE INN RD
Rent to Own Eligible
 
Townhouse/Condo
Beech Mountain, NC 28604
1
1
518 ft2
1983
New
155 KISSING DEER
Rent to Own Eligible
 
Single Family Home
Banner Elk, NC 28604
1
1
3468 ft2
2021
New
300 Ridgeview Rd
Rent to Own Eligible
 
Townhouse/Condo
Sugar Mountain, NC 28604
2
2
1100 ft2
1983
170 CRESTVIEW DR # 200-C
Rent to Own Eligible
 
Townhouse/Condo
Sugar Mountain, NC 28604
2
2
1611 ft2
1983
1443 SUGAR MOUNTAIN DR #E-29
Rent to Own Eligible
 
Townhouse/Condo
Sugar Mountain, NC 28604
3
2
1196 ft2
1973
1236 BANNER ELK HWY
Rent to Own Eligible
 
Single Family Home
Banner Elk, NC 28604
3
2
2816 ft2
1958
1 of 12 468 Elderberry Ridge Rd
Rent to Own Eligible
 
Single Family Home
Beech Mountain, NC 28604
2
2
1038 ft2
2002
New
237 Briarcliff Rd
Rent to Own Eligible
 
Single Family Home
Sugar Mountain, NC 28604
1
1
585 ft2
1973
510 ELDERBERRY RIDGE RD #E6
Rent to Own Eligible
 
Townhouse/Condo
Beech Mountain, NC 28604
2
2
1072 ft2
1985
367 SKYLEAF DR #D-15
Rent to Own Eligible
 
Townhouse/Condo
Sugar Mountain, NC 28604
2
2
812 ft2
1980
301 PINNACLE INN RD # 1114
Rent to Own Eligible
 
Townhouse/Condo
Beech Mountain, NC 28604
2
2
825 ft2
1984
138 WINDY KNL #C
Rent to Own Eligible
 
Townhouse/Condo
Sugar Mountain, NC 28604
2
2
1337 ft2
2004
303 SUGAR TOP DR
Rent to Own Eligible
 
Townhouse/Condo
Sugar Mountain, NC 28604
2
2
988 ft2
1983
New
105 WEDLING WEG #8
Rent to Own Eligible
 
Townhouse/Condo
Beech Mountain, NC 28604
3
3
1400 ft2
1972
296 ROCK SPRING CIR
Rent to Own Eligible
 
Single Family Home
Sugar Mountain, NC 28604
5
5
3976 ft2
1981
New
101 HORNBEAM RD #A
Rent to Own Eligible
 
Townhouse/Condo
Beech Mountain, NC 28604
2
2
820 ft2
1972
New
9 CHESTNUT TRL #U-2
Rent to Own Eligible
 
Townhouse/Condo
Banner Elk, NC 28604
2
2
1075 ft2
1983
New
103 UPPER HOLIDAY LN
Rent to Own Eligible
 
Townhouse/Condo
Beech Mountain, NC 28604
1
1
600 ft2
1972
Hot New
101 UPPER HOLIDAY LN
Rent to Own Eligible
 
Townhouse/Condo
Beech Mountain, NC 28604
1
1
600 ft2
1972
136 STAGHORN HOLLOW RD
Rent to Own Eligible
 
Single Family Home
Beech Mountain, NC 28604
4
2
1735 ft2
1970
49 LONG CRESTED DR
Rent to Own Eligible
 
Single Family Home
Banner Elk, NC 28604
3
3
1632 ft2
2021
Hot
113 SHANTY RIDGE LN #A
Rent to Own Eligible
 
Townhouse/Condo
Banner Elk, NC 28604
2
3
1338 ft2
2000
113 Shanty Ridge Ln
Rent to Own Eligible
 
Single Family Home
Banner Elk, NC 28604
2
3
1473 ft2
2000
125 RAVEN RD
Rent to Own Eligible
 
Single Family Home
Beech Mountain, NC 28604
3
3
2026 ft2
2001
301 MARIAH CIR #E18
Rent to Own Eligible
 
Townhouse/Condo
Beech Mountain, NC 28604
3
2
1656 ft2
1977
154 POND CREEK RD
Rent to Own Eligible
 
Single Family Home
Beech Mountain, NC 28604
4
3
1420 ft2
1969
101 COURTSIDE LN #A-2
Rent to Own Eligible
 
Townhouse/Condo
Beech Mountain, NC 28604
2
2
1152 ft2
1974
1 of 14 108 NORTHRIDGE RD
Rent to Own Eligible
 
Townhouse/Condo
Beech Mountain, NC 28604
2
2
872 ft2
1972
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Buying a Home in Banner Elk, NC

Banner Elk, NC is seeing rapid growth and Banner Elk, NC's' housing market remains not optimal with an average home price that is 39% above the 2024 national average. Banner Elk, NC is part of Avery county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Avery is 0.36% which is below the national average, which is 0.99%.

Median Home Price in Banner Elk, NC

Median Rent in Banner Elk, NC

Rent to own homes offer low monthly payments and flexible terms.