Banner Hill, TN Profile: Facts & Data

The Banner Hill CDP⁽¹⁾ had a population of 1,371 as of July 1, 2024. 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.

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.

Banner Hill, TN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	1,371 (100%)
Population in Households	1,265 (92.3%)
Population in Families	983 (71.7%)
Population in Group Quarters¹	106 ( 7.7%)
Population Density	980
Diversity Index²	24


INCOME
Median Household Income	$61,711
Average Household Income	$80,085
% of Income for Mortgage⁴	13%
Per Capita Income	$32,652
Wealth Index⁵	67
Socioeconomic Status Index⁶	Moderate (49.3)

HOUSING
Total HU (Housing Units)	629 (100%)
Owner Occupied HU	432 (68.7%)
Renter Occupied HU	125 (19.9%)
Vacant Housing Units	72 (11.4%)
Median Home Value	$127,228
Average Home Value	$184,606
Housing Affordability Index³	199

HOUSEHOLDS
Total Households	557
Average Household Size	2.27
Family Households	337
Average Family Size	3.00

NOTES

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.
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.
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.
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).
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.
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.

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, 2024 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.92%	-0.28%
Households	-0.33%	-0.04%
Families		0.59%
Median Household Income		4.52%
Per Capita Income		3.43%
Owner Occupied HU		-0.09%

Variable Description	Rank	Percentile
Total Population	# 257	49th
Population Density	# 82	84th
Median Household Income	# 223	56th
Housing Affordability Index	# 493	98th
Per Capita Income	# 228	55th
Diversity Index	# 271	46th

Banner Hill, TN Profile: Facts & Data

Banner Hill, Tennessee - Basic Facts

Banner Hill, TN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Banner Hill, TN - Peer Comparisons by Rank and Percentile

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Unicoi County