Box Elder, MT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Box Elder Neighborhoods Since 2000




Box Elder, MT Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Box Elder Housing Market Information

With a population of 88, 28 total housing units (homes and apartments), and a median house value of $76,688, house prices in Box Elder are some of the most affordable in Montana as well as the nation.

Single-family detached homes are the single most common housing type in Box Elder, accounting for 92.31% of the town's housing units. Other types of housing that are prevalent in Box Elder include mobile homes or trailers ( 7.69%).

Dwellings in Box Elder tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 57.69% of the homes in Box Elder have two or fewer bedrooms.

Vacant housing appears to be an issue in Box Elder. Fully 46.15% 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.

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 8.74%, which ranks in the top 40% nationwide. This equates to an annual average Box Elder house appreciation rate of 0.84%.

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 7.89%, which is higher than appreciation rates in 86.20% 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 2.06%, which equates to an annual appreciation rate of 8.49%.

Importantly, this makes Box Elder one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Montana, our data show that Box Elder's latest annual appreciation rate is higher than 70% of the other cities and towns in Montana.

Average Home Values

 

Median Home Value:
$76,688

Box Elder, MT HOME PRICES

Value Range
> $1,155,000 0.7
$866,001 - $1,155,000 0.0
$577,001 - $866,000 0.0
$462,001 - $577,000 0.0
$346,001 - $462,000 0.7
$231,001 - $346,000 4.3
$116,001 - $231,000 20.6
$58,001 - $116,000 43.0
$0 - $58,000 30.7

Very Low for MT
Very Low for Nation

Value Relative to Nation Value Relative to State
92.3649361303176 96.875

Number Of Homes And Apartments:
28

Box Elder Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MT*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
99.59% 4.09% 7 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$402 / per month

Homeownership Rate

Homeownership
Owners 71.43
Renters 28.57
Vacant 46.15

Housing Market Details

 

Age of Homes

AGE OF Box Elder HOMES
2000 or Newer 0.0
1970 - 1999 36.5
1940 - 1969 36.5
1939 or Older 26.9

Types of Homes

TYPE OF Box Elder HOMES
Single-Family 92.3
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 7.7
Other 0.0

Home Size

SIZE OF Box Elder HOMES
No Bedroom 0.00
1 Bedroom 11.54
2 Bedrooms 46.15
3 Bedrooms 32.69
4 Bedrooms 7.69
5 or more bedrooms 1.92

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Zip Codes in Box Elder, MT