Banner Hill, TN Profile: Facts & Data

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Banner Hill, Tennessee - Basic Facts

The Banner Hill CDP(1) had a population of 1,388 as of July 1, 2023. Banner Hill ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Tennessee. See peer rankings below.

The primary coordinate point for Banner Hill is located at latitude 36.1307 and longitude -82.4246 in Unicoi County. The formal boundaries for the Banner Hill Census Designated Place encompass a land area of 1.37 sq. miles and a water area of 0 sq. miles. Unicoi County is in the Eastern time zone (GMT -5).

The Banner Hill Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Banner Hill Census Designated Place is located within Commissioner District 1, a minor civil division (MCD) of Unicoi County.


  1. A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Jump to... (On This Page!)
  1. Banner Hill 2023 Demographic Data
  2. Growth Rates for Banner Hill (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Tennessee Research Tools (Easy Tools & Current Data)
  3. Tennessee Data Comparison Tool - 2023 Demographics
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Banner Hill, TN Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 1,388 (100%)
Population in Households 1,271 (91.6%)
Population in Families 1,029 (74.1%)
Population in Group Quarters1 117 ( 8.4%)
Population Density 993
Diversity Index2 25
 
 

INCOME

Median Household Income $48,316
Average Household Income $66,970
% of Income for Mortgage4 15%
Per Capita Income $27,002
Wealth Index5 54
Socioeconomic Status Index6 Moderate (46.1)
 

HOUSING

Total HU (Housing Units) 631 (100%)
Owner Occupied HU 425 (67.4%)
Renter Occupied HU 132 (20.9%)
Vacant Housing Units 74 (11.7%)
Median Home Value $118,319
Average Home Value $142,412
Housing Affordability Index3 173
 

HOUSEHOLDS

Total Households 557
Average Household Size 2.28
Family Households 372
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -0.83% -0.49%
Households -0.44% -0.25%
Families   -0.60%
Median Household Income   4.18%
Per Capita Income   3.36%
Owner Occupied HU   0.51%

Banner Hill, TN - Peer Comparisons by Rank and Percentile

The table below compares Banner Hill to the other 504 incorporated cities, towns and CDPs in Tennessee by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 255 50th
Population Density # 82 84th
Median Household Income # 334 34th
Housing Affordability Index # 464 92nd
Per Capita Income # 338 33rd
Diversity Index # 250 51st

Additional comparisons and rankings can be made with a VERY EASY TO USE Tennessee Census Data Comparison Tool.

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