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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 12,581, 1,428 total housing units (homes and apartments), and a median house value of $329,455, Box Elder real estate prices are well above average cost compared to national prices.
Row houses and other attached homes are the single most common housing type in Box Elder, accounting for 43.61% of the city's housing units. Other types of housing that are prevalent in Box Elder include single-family detached homes ( 27.69%), duplexes, homes converted to apartments or other small apartment buildings ( 15.36%), and a few large apartment complexes or high rise apartments ( 7.99%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
Renters dominate Box Elder's housing market, and most live in three of four bedroom dwellings, chiefly found in row houses and other attached homes.
Box Elder homes and real estate are some of the newest in America. 49.91% of Box Elder's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Box Elder real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 39.52%), and between 1940-1969 ( 8.43%). There's also some housing in Box Elder built before 1939 ( 2.14%).
Vacant housing appears to be an issue in Box Elder. Fully 10.13% of the housing stock is classified as vacant. Left unchecked, vacant Box Elder homes and apartments can be a drag on the real estate market, holding Box Elder real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
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 112.95%, which ranks in the top 30% nationwide. This equates to an annual average Box Elder house appreciation rate of 7.85%.
NeighborhoodScout's data show that during the latest twelve months, Box Elder's appreciation rate, at 5.86%, has been at or slightly above the national average. In the latest quarter, Box Elder's appreciation rate has been -1.04%, which annualizes to a rate of -4.10%.
Notably, Box Elder's appreciation rate in the latest quarter is one of the lowest in America.
Relative to South Dakota, our data show that Box Elder's latest annual appreciation rate is lower than 80% of the other cities and towns in South Dakota.
$329,455
for South dakota
for nation
1,428
$1,786 / per month