Banner Hill, TN
Population 1,519 · Tennessee
About Banner Hill, TN
Banner Hill is a small town located in Tennessee with a population of 1,519 residents according to the latest US Census Bureau American Community Survey data. The median household income is $66,270 per year, which is 12% below the national median of $75,149. The median age of 40.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Banner Hill features a median home value of $120,700, which is 51% below the national median of $244,900. This makes Banner Hill one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 570 total housing units, 88% are owner-occupied (448 units) and 12% are renter-occupied (59 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Banner Hill shows an unemployment rate of 8.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 21.0%, above the national average of 12.4%. Workers in Banner Hill have an average one-way commute time of 23.8 minutes.
Education & Demographics
12.1% of Banner Hill residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Banner Hill, TN
Compared to national averages, Banner Hill has a median household income of $66,270 (12% below the national median of $75,149). Home values average $120,700, which is 51% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Tennessee, Banner Hill's income is 5% above the state average of $62,849, and home values are 44% below the state median of $214,371.
Why Live in Banner Hill, TN?
Banner Hill offers affordable housing with a median home value of $120,700, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and short commute times averaging just 23.8 minutes.
Potential considerations include median household income ($66,270) that falls below the national average. However, Banner Hill’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Banner Hill has a population of 1,519 with a median age of 40.4 years. Compare Banner Hill with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Banner Hill
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rutledge | 1,521 | $41,000 | $152,300 | Compare |
| Watertown | 1,511 | $62,991 | $228,400 | Compare |
| Chapel Hill | 1,531 | $77,826 | $276,700 | Compare |
| Spencer | 1,494 | $46,563 | $135,000 | Compare |
| Tennessee Ridge | 1,546 | $56,583 | $151,800 | Compare |
| Kenton | 1,487 | $40,993 | $96,400 | Compare |
| Norris | 1,472 | $73,448 | $306,300 | Compare |
| Lone Oak | 1,463 | $53,214 | $241,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Tennessee
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Banner Hill With Other Cities
Frequently Asked Questions about Banner Hill
What is the population of Banner Hill, TN?
The population of Banner Hill, TN is 1,519 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Tennessee.
What is the median household income in Banner Hill?
The median household income in Banner Hill, TN is $66,270 per year, which is 12% below the national median of $75,149.
What is the median home value in Banner Hill?
The median home value in Banner Hill, TN is $120,700, which is 51% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Banner Hill?
The median monthly rent in Banner Hill, TN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Banner Hill?
The unemployment rate in Banner Hill, TN is 8.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Banner Hill, TN a good place to live?
Banner Hill offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,519 and a median age of 40.4, the city appeals to a broad range of residents.
How educated is Banner Hill, TN?
12.1% of residents in Banner Hill aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Banner Hill?
Key cost-of-living indicators for Banner Hill, TN: median home value is $120,700 (51% below national), median rent is $0/month, and median household income is $66,270. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Banner Hill?
The poverty rate in Banner Hill, TN is 21.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Banner Hill, TN?
Banner Hill's population is 0.0% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 1.4% two or more races. 0.0% of residents are foreign-born.