South Dakota, is one area of the nation that has stayed relatively strong in real estate, which is little wonder with all the jobs, space and low cost of living available in a big state with a population of only 781,919 in 2006. South Dakota has strong agricultural economy of cattle, hogs, wheat, soybeans, milk and corn and industry production focused on food processing, machinery, lumber and wood products and tourism. Unlike many states, South Dakota’s factories have added jobs in each of the past three years, and service sectors have also grown, keeping its unemployment rate at a relatively low 3.4% over the past few months.

This strong employment base along with South Dakota’s various tourist draws has helped keep their real estate market steady and home value prices creeping up. South Dakota, is of course, home of perhaps the most famous and patriotic sculpture in the world: Mt. Rushmore as well as the still-under-construction Crazy Horse Memorial dedicated to Native American heroes. South Dakota is also a treasure trove of outdoor adventures, with the Badlands National Park, the Black Hills National Forest and Caves as well as many archaeological and paleontological sites and discoveries. Even the Old West and pioneer spirit is kept alive in Deadwood, national historic landmark styled authentically after the Old West. You can spend days visiting cultural and historical landmarks, go shopping, dining and enjoy the nightlife or be adventurous with hiking, climbing, camping, fishing, boating, sailing and more in South Dakota – what ever you like, South Dakota seems to have something for everyone, a draw that pulls in many new residents!

One more major factor that has kept South Dakota’s real estate market strong is its low cost of living coupled with relatively high incomes compared to median home value prices. In 2006, the median home value sales price in South Dakota was about $152,000, which was nearly $80,000 below national median home value. In 2006, South Dakota’s median household income had risen above $43,000, not too far below the national median income. This high income combined with low housing costs allowed South Dakota families to afford more expensive homes.

As of now, the market in most of South Dakota is steady, with average home value sales prices in the Black Hills region steady at about $183,871 and spending an average of 71 days on the market. With a strong job market, diverse culture and landscape that attracts thousands of visitors a year and low cost of living, South Dakota’s market is likely to stay strong, with homes selling within about 90 days or so of being put on the market and home value averages creeping steadily higher.

South Dakota is a state known for having great places is found in the central-north region of United States. One distinct feature of South Dakota real estate is the group of low mountains vastly covered by pine trees, known to the residents as the Black Hills. Because of its appearance, it has become one of the tourist attractions of the state, apart from this; it has been a religious sanctity of local people living there, particularly the American Indians. Black Hills is rich with minerals, and in fact the largest gold mine in the United States is situated here, the Homestake Mine. The place was also one of the many choices being considered by the United Nations to be its permanent home. South Dakota real estate still registers among the low populated states and maintains to be rural. But still, it continues to improve its economy, putting to advantage it’s having agricultural lands to attract and hold on to its residents.

Currently, South Dakota’s economy is stable, making South Dakota real estate profitable too. It is mostly of wholesale and retail trade and agriculture. It is an important manufacturer and exporter of agricultural crop. Main products include beef, corn, wheat, port, soybeans, wool, mutton, oats, sunflowers, alfalfa and poultry. Through exporting, South Dakota real estate has facilitated boost its farm income. Insurance and finance is also a leading industry in South Dakota. Health, educational and government services are the segment that make use of most workers. It offers the finest economic environment for free enterprise in the nation. It is regarded to have an appealing business climate. The State claims to have the second lowest rate of crimes in the country. It does not impose income tax either personal or corporate. Its unemployment rate is lower than other states.

There are four different seasons in South Dakota, ranging from very cold winters, below freezing point to extremely hot summers, sometimes only cooling down in the evening. The summers brings to South Dakota real estate frequent thunderstorms, and in some part of the state, tornadoes also. During winter snow blizzards could be experienced during storms. For travelers around the world, there are many places to consider when you are in South Dakota. The sculpture of the four American presidents, George Washington, Thomas Jefferson, Theodore Roosevelt, and Abraham Lincoln is carved in this mountain. Tourism is also one of the major aspects of the South Dakota. Due to their many interesting sites and utter beauty, South Dakota also draws more income. South Dakota is truly one of the most magnificent among the 50 states. You can invest in South Dakota Real Estate to enjoy a happy future.