Box Elder County, Utah Housing Market
In Box Elder County, Utah, the median home value is $403,600, with a median monthly rent of $1,116. This places Box Elder County at #282 nationally out of 3134 counties by median home value, and #15 within Utah.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,218
- Establishments: 1,496
- BLS QCEW, 2025
Housing Supply
- Single-family: 369
- Multi-family: 87
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 22,409 (avg $76,553)
- Outflow: 21,126 (avg $76,850)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 9 active ZIP codes in Box Elder County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 84314 | 282.8 | — | 2025 |
| 2 | 84309 | 406.1 | — | 2025 |
| 3 | 84324 | 269.9 | -12.34% | 2025 |
| 4 | 84312 | 343.8 | -2.45% | 2025 |
| 5 | 84029 | 301.6 | +3.26% | 2025 |
| 6 | 84337 | 316.9 | +2.90% | 2025 |
| 7 | 84302 | 322.6 | +1.70% | 2025 |
| 8 | 84340 | 295.0 | +0.21% | 2025 |
| 9 | 84301 | 250.7 | +21.88% | 2021 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Box Elder County Compares
| Metric | Box Elder County | Utah Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $403,600 | $418,720 | $227,706 |
| Median Gross Rent | $1,116 | $1,149 | $968 |
| Owner Occupancy Rate | 76.0% | 77.2% | 73.3% |
| Price/Rent Ratio | 30.1 | 29.9 | 18.7 |
Market Analysis
The median home value in Box Elder County is 3.6% below the Utah state average and 77.2% above the U.S. national average. The median rent of $1,116/month is 2.9% below the state average.
With a price-to-rent ratio of 30.1, Box Elder County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Box Elder County has an owner-occupancy rate of 76.0%, compared to 77.2% in Utah and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Josephine County | Oregon | $404,300 | $1,194 |
| Spotsylvania County | Virginia | $404,900 | $1,779 |
| Hamilton County | Indiana | $405,500 | $1,574 |
| Stillwater County | Montana | $405,800 | $961 |
| Dutchess County | New York | $400,600 | $1,582 |
Other Counties in Utah
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Kane County | $410,900 | $1,072 | 80.4% |
| Wayne County | $411,800 | $884 | 79.3% |
| Juab County | $425,400 | $907 | 83.8% |
| Weber County | $426,700 | $1,379 | 74.1% |
| Iron County | $379,000 | $1,065 | 68.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).