Box Elder, SD Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Box Elder, SD Housing Market Trends

With a population of 10,119, 3,243 total housing units (homes and apartments), and a median house value of $206,808, Box Elder real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Box Elder, accounting for 40.14% of the city's housing units. Other types of housing that are prevalent in Box Elder include mobile homes or trailers ( 23.56%), row houses and other attached homes ( 20.13%), and a few large apartment complexes or high rise apartments ( 12.76%).

The most prevalent building size and type in Box Elder are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 44.23% owning and 55.77% renting.

There is a lot of housing in Box Elder built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Box Elder built between 2000 and later ( 37.52%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.41%). There's also some housing in Box Elder built before 1939 ( 1.93%).

Box Elder Home Appreciation Rates

Appreciation rates for homes in Box Elder have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 57.62%, which ranks in the top 30% nationwide. This equates to an annual average Box Elder house appreciation rate of 4.66%.

Appreciation rates are so strong in Box Elder that despite a nationwide downturn in the housing market, Box Elder real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Box Elder appreciation rates continue to be some of the highest in America, at 12.25%, which is higher than appreciation rates in 85.41% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Box Elder. Box Elder appreciation rates in the latest quarter were at 3.24%, which equates to an annual appreciation rate of 13.60%.

Relative to South Dakota, our data show that Box Elder's latest annual appreciation rate is higher than 90% of the other cities and towns in South Dakota.

Average Home Values

 

Median Home Value:
$206,808

Box Elder, SD HOME PRICES

> $1,236,000
0.1%
0.1%
$927,001 - $1,236,000
0.3%
0.3%
$618,001 - $927,000
1.6%
1.6%
$494,001 - $618,000
2.1%
2.1%
$371,001 - $494,000
7.4%
7.4%
$247,001 - $371,000
26.4%
26.4%
$123,001 - $247,000
37.9%
37.9%
$62,001 - $123,000
9.0%
9.0%
$0 - $62,000
15.2%
15.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for SD

Value Relative To Nation

Number Of Homes And Apartments:
3,243

Box Elder Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SD*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
142.13% 4.20%
7
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,405 / per month

Homeownership Rate

Owners
44.2%
44.2%
Renters
55.8%
55.8%
Vacant
7.8%
7.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
37.5%
37.5%
1970 - 1999
52.1%
52.1%
1940 - 1969
8.4%
8.4%
1939 or Older
1.9%
1.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
40.1%
40.1%
Townhomes
20.1%
20.1%
Small Apt. Buildings
3.4%
3.4%
Apt. Complexes
12.8%
12.8%
Mobile Homes
23.6%
23.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.9%
1.9%
1 Bedroom
3.8%
3.8%
2 Bedrooms
33.3%
33.3%
3 Bedrooms
40.8%
40.8%
4 Bedrooms
17.8%
17.8%
5 or more bedrooms
2.5%
2.5%
0.0% 100.0%
% OF HOMES

Popular Communities Near Box Elder, SD

Zip Codes in Box Elder, SD