Box Elder, SD—57719
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Box Elder, SD
As of Oct '25, the median home price in Box Elder, SD is $359,000, with a year-over-year change of 1.6%. This indicates that home prices in Box Elder, SD are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $359,000 | 1.6% |
| Single Family | $359,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $302,000 | 2.7% |
3 Bed | $346,000 | 1.2% |
4 Bed | $376,000 | 1.1% |
| 5 Bed | $461,000 | 1.5% |
% of Housing Stock
Rental Trends — Box Elder, SD
As of July '25, Rentcast reports the average rent in Box Elder, SD is $1,720, with a year-over-year rent change of -5.0%. Per bedroom, the median rent as of July '25 in Box Elder, SD is studios: $1,010, 1-bedrooms: $1,050, 2-bedrooms: $1,320, 3-bedrooms: $1,760, 4-bedrooms: $2,260. The most common rental property sizes in Box Elder, SD are 2-bedroom and 3-bedroom, accounting for 45.9% and 28.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,720 |
| Studio Rent | $975 | $1,010 |
| 1 Bed Rent | $1,050 | $1,050 |
| 2 Bed Rent | $1,300 | $1,320 |
| 3 Bed Rent | $1,800 | $1,760 |
| 4 Bed Rent | $2,300 | $2,260 |
% of Rental Stock
Property Listings — Box Elder, SD
As of Oct '25, Realtor.com reports that the median days on market for a home in Box Elder, SD is 39. This is a increase of 21.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $370,000 | 6.0% |
Listing Count | 89 | 11.0% |
| Listings as % of Homes | 0.7% | 11.0% |
Days on Market | 39 | 21.0% |
Demographics — Box Elder, SD
As of the latest ACS Survey released in 2023, Box Elder, SD has a population of 11,500, which has increased by 42.5% over the past 5 years. Box Elder, SD is a popular place for families, as children make up 25.8% of the population. The area has a moderately educated workforce, with 27.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,500 | 42.5% |
% Under 18 | 25.8% | -16.5% |
% Seniors | 8.8% | 35.4% |
% WFH | 7.0% | 204.3% |
% w/ College Degree | 27.5% | 18.5% |
As of the latest ACS Survey released in 2023, Box Elder, SD is a predominantly white area, with 79.9% of the population identifying as white. The white population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Box Elder, SD is hispanic, making up 3.5% of the population. Foreign-born residents account for 1.7% of the population in Box Elder, SD, and this percentage has increased by 142.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.9% | 0.1% |
% Black | 1.7% | 21.4% |
% Hispanic | 3.5% | -49.3% |
% Asian | 0.5% | -50.0% |
% Foreign Born | 1.7% | 142.9% |
Mortgage and Risk — Box Elder, SD
According to HUD data as of 2023, there were 316 mortgage originations in Box Elder, SD, of which 48.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Box Elder, SD. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 316 |
% Conventional Loans | 48.0% |
% Government Loans | 52.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Box Elder, SD
As of 2024, the percent of homes in Box Elder, SD under the Section 8 program is 6.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Box Elder, SD, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 102 |
Total Units Section 8 | 102 |
% Rentals under Section 8 | 6.5% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$170 | $1,050 | $880 |
| 2 Bedroom | -$140 | $1,300 | $1,160 |
| 3 Bedroom | -$250 | $1,800 | $1,550 |
| 4 Bedroom | -$440 | $2,300 | $1,860 |
Affordability — Box Elder, SD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $359,000 |
| Median Household Income | $74,900 |