South Dakota, once a part of the Dakota Territory, became a state on November 2, 1889. The state has an area of 77,116 square miles and an estimated population of just over 800,000 people. Pierre is the capital and Sioux Falls, with a population of nearly 160,000, is South Dakota’s largest city. The western part of the state is an excellent location to seek cheap land for sale in South Dakota that might offer spectacular future potential. This part of the state contains Sturgis (where more than 300,000 motorcycle riders converge every year for the world famous rally); the gambling town of Deadwood (the historic site where Wild Bill Hickock was killed); and the fabulous Black Hills and Mount Rushmore (attracting more than 2.5 million visitors annually).
Cheap land for sale in South Dakota offers some of the best land investment and speculation opportunities available anywhere in the United States. In fact, South Dakota is one of the five states containing the lowest-priced land for sale in the nation. The other four states are Wyoming, Texas, New Mexico and Nevada. No other state in the United States – be it any state east of the Mississippi, any of the Great Plains states or Arizona, Montana, Idaho, Alaska, Colorado, Oregon or Utah – will have land for sale at cheaper prices than land available in these five states. Of the five states, however, South Dakota, Wyoming and Texas probably offer the best combination of low prices, wide market demand and relatively lenient subdivision regulations.
The term “cheap-land” refers to the per-acre price and not the per-parcel price. For instance, $47,840 for a 160-acre tract is a far cheaper price than $2,995 for a half-acre lot. The reason the 160-acre tract is cheaper is that it costs $299 per-acre, while the half-acre lot costs $5,990 per-acre. The key to success in buying rural land is to concentrate on the per-acre price and not the per-parcel price. Ever since the Pilgrims landed in 1620 and Americans began migrating west, land dealers have made fortunes buying land per-acre and selling lots per-parcel!
There is more to consider regarding cheap land for sale in South Dakota, however, than the price itself. While the price is of paramount importance, accessibility issues, title policy availability and applicable subdivision regulations also are major concerns. South Dakota has one of the most advantageous access policies of any state in the nation as state statutes require that all section lines be made available for road access and ingress and egress. Major title insurance companies provide title policies for landowners and there are very few state or county subdivision regulations affecting the sale of land in 40-acre sizes or larger.
In summary, South Dakota offers some of the cheapest per-acre land prices to be found anywhere in the United States, and is an excellent place to acquire a large tract of cheap land!
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