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
With a population of 9,289, 3,044 total housing units (homes and apartments), and a median house value of $158,057, 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 28.67% of the city's housing units. Other types of housing that are prevalent in Box Elder include mobile homes or trailers ( 26.70%), row houses and other attached homes ( 23.74%), and a few large apartment complexes or high rise apartments ( 12.19%).
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 39.77% owning and 60.23% 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 ( 36.84%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.14%). There's also some housing in Box Elder built before 1939 ( 2.94%).
Vacant housing appears to be an issue in Box Elder. Fully 10.58% 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.
In the last 10 years, Box Elder has experienced some of the highest home appreciation rates of any community in the nation. Box Elder real estate appreciated 27.39% over the last ten years, which is an average annual home appreciation rate of 2.45%, putting Box Elder in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Box Elder definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Box Elder's appreciation rate, at 3.24%, has been at or slightly above the national average. In the latest quarter, Box Elder's appreciation rate has been 1.82%, which annualizes to a rate of 7.50%.
Importantly, this makes Box Elder one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
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.
|$856,001 - $1,141,000||0.1|
|$570,001 - $856,000||1.7|
|$456,001 - $570,000||1.2|
|$342,001 - $456,000||3.8|
|$228,001 - $342,000||17.5|
|$114,001 - $228,000||43.9|
|$57,001 - $114,000||15.2|
|$0 - $57,000||15.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Box Elder HOMES|
|2000 or Newer||36.8|
|1970 - 1999||55.1|
|1940 - 1969||5.1|
|1939 or Older||2.9|
|TYPE OF Box Elder HOMES|
|Small Apt. Buildings||8.7|
|SIZE OF Box Elder HOMES|
|5 or more bedrooms||3.41|