Looking to buy real estate in South Dakota? Each state is different when it comes to housing trends, taxes, and the strength of the local economy, among other variables, which means it pays to consider multiple factors before deciding whether or not to purchase property.
New American Funding has put together a list of major aspects influencing home buying in South Dakota so you know everything you need to prior to getting a mortgage. Our South Dakota mortgage calculator can give you a clear picture of just how much home you can afford in South Dakota, so make sure you take advantage of this extremely helpful feature. If you want to move to South Dakota, see First-time Homebuyer Guide for South Dakota. Also, see FHA Loan in South Dakota for details and requirements for a home in the state.
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As of December 2019, the civilian labor force in South Dakota was 470,000 and the unemployment rate was 3.2%. The occupations with the highest number of employees in the state are Office and Administrative Support, Sales, and Food Preparation and Serving, which employs greater than 151,000 people.
