The Inner Banks is a neologism made up by developers and tourism promoters to describe the inland coastal region of eastern North Carolina. Without historical precedent, the term "Inner Banks" is an early 21st-century construct that is part of an attempt to rebrand the mostly agrarian coastal plain east of I-95 as a more attractive region for visitors and retirees.
The term suggests relation to the historical area known as the Outer Banks, a string of barrier islands off the coast of North Carolina that have long been a popular tourist attraction. The demand for waterfront property in eastern North Carolina as a site for second homes for the relatively wealthy has resulted in a tremendous disparity of prices in such locales. Frequently otherwise equivalent lots on opposite sides of a road will have broadly divergent tax and appraisal values. For example, on Rock Creek Road in Jones County, riverfront lots on the Trent River had a tax value of $201,286 per acre; lots immediately across the road hade a tax value of $33,634 per acre, according to the Jones County GIS maps.
The developers and tourism promoters have broadly defined the Inner Banks as an area on the East Coast of North Carolina that is 22,227 square miles (57,568 km²). The so-called Inner Banks comprises over 3,000 miles of inland coastline and is home to over 2.5 million residents. Marketing people include the Crystal Coast and Albemarle regions of the state in the Inner Banks. Having a moderate climate, the area is becoming a popular destination for retirees and small business entrepreneurs. "Inner Banks" is sometimes abbreviated with the acronym IBX, another attempt at trendiness.
The general definition states that the Inner Banks is a region between Interstate 95 to the west, the Outer Banks to the east, and extend from the Virginia border to the South Carolina border. Consisting of 41 counties, the region is three times the size of the state of New Jersey. Many areas farther from the sounds and tidal rivers have not embraced the Inner Banks brand and are seldom included in the definition. Traditionally dependent on agriculture and the textile industry, eastern North Carolina has worked to redefine the region's strengths to transition into the new global economy.