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Box Elder, SD—57719

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$354,000
1.7% YoY Growth
Household Income
$74,900
37.4% YoY Growth
Days on Market
74
10.0% Shorter YoY
Home Price Forecast
2.5%
Median Rent
$1,800
5.0% YoY Growth
1-Bed Rent
$1,050
1.0% YoY Growth
2-Bed Rent
$1,300
9.0% YoY Growth
3-Bed Rent
$1,800
15.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Box Elder, SD

As of Dec '25, the median home price in Box Elder, SD is $354,000, with a year-over-year change of 1.7%. This indicates that home prices in Box Elder, SD are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$354,0001.7%
Single Family $354,0002.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$288,0002.9%
    3 Bed
    		$341,0001.5%
    4 Bed
    		$371,0000.8%
    5 Bed $453,7371.4%
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    % of Housing Stock

    Studio
    2.4%
    1 Bedroom
    5.8%
    2 Bedrooms
    28.9%
    3 Bedrooms
    36.8%
    4 Bedrooms
    21.7%
    5+ Bedrooms
    4.6%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    5.3%
    1 Bedroom
    9.2%
    2 Bedrooms
    45.9%
    3 Bedrooms
    28.4%
    4 Bedrooms
    10.4%
    5+ Bedrooms
    0.7%

    Property Listings — Box Elder, SD

    As of Dec '25, Realtor.com reports that the median days on market for a home in Box Elder, SD is 52. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$379,0005.0%
    Listing Count
    		852.0%
    Listings as % of Homes0.7%2.0%
    Days on Market
    		74-10.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		11,50042.5%
    % Under 18
    		25.8%-16.5%
    % Seniors
    		8.8%35.4%
    % WFH
    		7.0%204.3%
    % w/ College Degree
    		27.5%18.5%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4.4
    Median Home Price$354,000
    Median Household Income$74,900

    Box Elder, SD — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions