Box Elder, SD
Landlord insurance in Box Elder, South Dakota
Local rental data and insurance guidance for Box Elder property owners. A quote is not a binder.
Owners who rent out property in Box Elder, Pennington County, are working in a market where 52% of occupied homes are rentals. The city counts about 13,887 residents; South Dakota as a whole has a renter share of 31%.
Box Elder rental housing by the numbers
| Measure | Box Elder | South Dakota |
|---|---|---|
| Renter-occupied homes | 52% (2,422) | 31% |
| Median owner-occupied home value | $302,100 | $257,400 |
| Median gross rent | $1,491/mo | $946/mo |
| Median year structure built | 2004 | 1980 |
| Homes in 2–4 unit buildings | 5% | 5% |
| Single-family homes (detached or attached) | 63% | 71% |
Data: Census ACS 5-year estimates for 2020–2024 via Census Reporter, and Census Vintage 2024 population estimates.
Setting coverage on a Box Elder rental
The median owner-occupied home in Box Elder is valued at about $302,100, higher than the South Dakota median of $257,400. Market value includes land, so it is only a starting point: your dwelling limit should reflect what it would cost to rebuild the structure.
NAIC data for 2023 shows an average South Dakota dwelling-fire premium of $859 in the $300,000–$324,999 coverage band, which brackets Box Elder's median value; across all coverage amounts the state average was $524. Treat it as background, since landlord pricing depends on the building and occupancy.
Protecting rental income in Box Elder
Median gross rent in Box Elder is about $1,491 a month. A year of lost rent at that level is roughly $17,892 per unit, a useful yardstick when you choose fair rental value coverage.
How old Box Elder's housing is, and why it matters
Box Elder has relatively new housing, with a median year built of 2004. Newer construction often prices well, though insurers still ask about roof material and any prior water claims.
Box Elder's mix of rental buildings
Box Elder's housing is mixed: about 63% single-family, 5% in 2–4 unit buildings, and 14% in buildings of five or more units. Dwelling forms fit up to four units; larger buildings need commercial apartment coverage.
Comparing Box Elder to neighboring cities
Rapid City has a renter share of 37% with homes valued around $299,400 at the median. Nearby Sioux Falls reports 40% renter households and a $292,400 median home value, so proportionally fewer renters than Box Elder. Nearby Aberdeen reports 38% renter households and a $217,300 median home value, so proportionally fewer renters than Box Elder. Box Elder places 3 of 15 profiled South Dakota cities by share of rented homes. Manufactured and mobile homes make up about 16% of Box Elder's housing, and many dwelling programs underwrite those separately. Buildings with five or more units hold about 14% of Box Elder's homes; those generally need commercial apartment coverage rather than dwelling forms.
Natural hazards Box Elder landlords plan for
Typical South Dakota property risks such as hail and severe summer wind and blizzards and extreme cold that freeze pipes affect owners in Box Elder and the rest of Pennington County. Flood and earthquake are excluded from standard dwelling forms and need their own coverage.
Hazard themes reflect FEMA’s National Risk Index and NOAA’s Storm Events Database; check the index for your specific county.
Getting a landlord quote in Box Elder
- Year built and roof age
- How it is occupied today, including any vacancy or short-term use
- Electrical, plumbing, and heating update years
- Prior carrier, expiration date, and five-year loss history
- Who holds the loan, for the mortgagee clause
- Desired liability limit and loss-of-rents amount
- Street address in Box Elder and number of units
Request a Box Elder landlord quote
Box Elder landlord insurance questions
How many renters live in Box Elder?
About 52% of occupied homes in Box Elder, roughly 2,422 households, are renter-occupied according to the 2020–2024 American Community Survey.
Is landlord insurance required in Box Elder?
No South Dakota law mandates it for Box Elder owners, though lenders, HOAs, and property managers commonly require it.
What is a typical landlord premium in Box Elder?
It depends on the building, coverage, and deductible. For background, the NAIC reported a 2023 South Dakota dwelling-fire average of $524; see our South Dakota page for the full table.
More landlord pages near Box Elder
Landlord insurance in South Dakota · Cost by state
Last updated October 15, 2026. Sources and method: how we research.