| State of South Dakota bank owned
homes, real estate auctions and foreclosure information. South Dakota enjoys
a low cost of living, including relatively inexpensive housing. As of 2006,
the median home sales price in South Dakota, at $152,000 was over $92,000
less than the national median home sales price. High housing affordability
in South Dakota is the key reason why the state’s homeownership rate was
well above the national rate. Yet there are a growing number of foreclosures
and real estate auction found within the South Dakota real estate market.
Median family income in South Dakota
was only $3,000 lower than the national median, and the high income combined
with low house prices means that a South Dakota family earning the state’s
median income can afford to buy a home priced 86 percent higher than the
state median price. While the real estate foreclosure rate in South Dakota
has been relatively steady over the past several years, it has increase
as of last as in most locations in the country.
South Dakota has a population of
about 760,000 residents. The most populated cities where bank owned real
estate and property auctions can be found include Sioux Falls, Rapid City,
Aberdeen, Watertown, Brookings, Mitchell, Yankton, Huron, Vermillion, and
the state capital, Pierre. Use the links and listings featured here on
Bank Owned MLS real estate to locate a bank owned homes in South Dakota.
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Links
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Dakota bank owned home or auction property on Bank Owned MLS real estate
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