Real Estate Investing in Box Elder, South Dakota (57719)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57719 (Box Elder, SD)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.9% vacancy may signal weakening demand.
What’s happening in Box Elder, SD (57719)?
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Market Analysis: 57719 Box Elder
The 57719 ZIP covers a section of Box Elder that demands careful diligence. Prices near $372K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 57719 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 57719 sits on the difficult end of the SD spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 57719 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 57719 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Box Elder:
Property Strategy for 57719
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $302,306 | $1,400 | 3.3% | +7.7% | $151,153 |
| 3BR | $345,682 | $1,860 | 3.9% | +7.4% | $115,227 |
| 4BR | $376,113 | $2,300 | 4.4% | +7.7% | $94,028 |
| 5BR | $460,808 | — | — | +7.9% | $92,162 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 57719 Compare?
| Metric | 57719 | Box Elder | Rapid City, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $372,292 | $372,292 | N/A | $311,504 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 6.8% |
| Avg Rent | $1,541 | $1,541 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57719 (Box Elder, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $372,292 |
| Monthly Rent | $1,541 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 57719
Population: 11,475
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 57719
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 686 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do home values compare in Box Elder, SD?
Homes in Box Elder, SD typically sell near $372K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
Does Box Elder, SD make sense for an investment property?
The 3.0/5 investability rating in Box Elder, SD reflects its $372K prices and $1,541/mo rents. Investors generally consider it a solid option within SD.
Is vacancy a concern in Box Elder, SD?
Expect elevated vacancy in Box Elder, SD. Rents at $1,541/mo are absorbed by the tenant base without meaningful lag.
Is Box Elder, SD good for landlords?
Box Elder, SD falls under SD landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How deep is the rental pool in Box Elder, SD?
The tenant pool in Box Elder, SD is solid, supported by local employment and population fundamentals. Rents of $1,541/mo are well-absorbed by the market.
You know 57719 now. You don’t know where it ranks.
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How 57719 ranks in Rapid City, SD
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