Market Overview
Home Prices in Box Elder, SD
The median home value in Box Elder, SD is $370,374 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.5% compared to a year ago and up 2.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Box Elder are priced10% below average. Box Elder is part of the Rapid City, SD metro area.
Over the past five years, Box Elder home values have risen by approximately32.4%, reflecting strong long-term appreciation in this market.
Price History
Box Elder Home Price Trend
City Comparison
Box Elder vs. National Median
At $370,374, homes in Box Elder cost 10% below the national median of $410,000. This makes Box Elder a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Box Elder?
20% Down Payment
$74,075
on $370,374
Monthly P&I
$1,932/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,454/mo
incl. taxes & insurance
Income Needed
$98,160
gross annual (30% rule)
10% Down Option
$37,037
+ PMI applies
Loan Amount (20% dn)
$296,299
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Box Elder, SD?
The median home value in Box Elder is $370,374 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.5% year-over-year.
How much have home prices changed in Box Elder?
Over the past year, home values in Box Elder have increased by 2.5%. Over five years, prices have risen approximately 32.4%.
How much do I need to earn to buy a home in Box Elder?
To comfortably afford the median home price of $370,374 with a 20% down payment ($74,075) at today's rates (6.8%), you'd need a gross annual income of approximately $98,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Box Elder compare to the national average home price?
The national median home value is approximately $410,000. At $370,374, homes in Box Elder are 10% below the national average.
What metro area is Box Elder part of?
Box Elder is part of the Rapid City, SD metropolitan area. Home prices and market conditions can vary across the broader metro region.