Building Costs Per Square Foot in the State of South Dakota, USA

South Dakota 6475 Receda Street Rapid City SD57703 - 3 Bed and 1 Bath with 2 Attached Garages on Gross Floor Area 1,068 sqft - Built in 2022 - Price $329,900 (1)

Newly Built House in South Dakota 6475 Receda Street Rapid City SD57703 – 3 Bed and 1 Bath with 2 Attached Garages on Gross Floor Area 1,068 sqft – Built in 2022 – Price $329,900 (1)

Residential Construction Market Analysis in the State of South Dakota, USA

Building costs are 6% below the national average in the state of South Dakota, equivalent to the state of Mississippi, and closer to the states of Arkansas, Florida, Maine, Oklahoma, Vermont and West Virginia by a deviation of 1%. The state of South Dakota is located in the Midwest region, in the Great Plains Area. It is distinguished as the “Mountain Rushmore State” since there is the largest sculpture in the world carved into a mountain, to epically represent the faces of four of the most eminent American presidents: Washington, Jefferson, Roosevelt, and Lincoln.

Its capital is Pierre, and Sioux Falls, Rapid City, Aberdeen, Watertown, and Brookings are listed as the main cities. Due to its large number of jobs and high levels of quality of life in the cities mentioned above, South Dakota attracts new residents from every state in the country (and even immigrants from abroad).

This makes the real estate market one of the most attractive for buyers, sellers, and investors. It is never a bad time to buy and sell in South Dakota, but it is important to know something about the situation of the real estate market, to avoid any type of risk that is possible.

If you are thinking of buying or selling in South Dakota, this article will be of great help to you. Here we will show some predictions and statistics about the South Dakota residential construction and real estate market.

South Dakota Construction Outlook

To understand the construction of South Dakota it is necessary to have a little information about its climate and its population. On the one hand, the climate is characterized by extreme temperatures, persistent winds, low precipitation, and humidity. Actually, the entire state has hot summers and cold winters. Mountainous areas are normally cooler and wetter than the inland plains. There are usually no big rain storms, but there are snow storms, so the houses should be built with the entrance a little higher than the ground level, to avoid being locked up during a snowstorm.

Due to the extreme cold, the houses are usually made of bricks and do not have large windows, to prevent the icy winds from entering. The same goes for buildings, which are usually quite traditional and not very tall, but they also don’t have large windows for this very reason.

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