Map Shows 10 Cities With Cheap Fixer-Upper Homes
Summary
The article talks about the appeal of buying fixer-upper homes, which are cheaper than move-in-ready homes because they need repairs. These types of homes are especially attractive in certain Southern and Midwestern U.S. cities where they are much more affordable than regular homes.Key Facts
- Fixer-upper homes became popular during the pandemic due to rising home prices.
- These homes need repairs but are cheaper than move-in-ready homes.
- In 10 U.S. metro areas, fixer-uppers are 78% cheaper than ready homes.
- The Southern and Midwest regions have the most affordable fixer-uppers.
- Fixer-uppers typically cost $200,000, which is 54% less than the national median for homes.
- Jackson, Mississippi, offers the highest savings on fixer-uppers, with a price difference of nearly 78%.
- St. Louis, Birmingham, Pittsburgh, Toledo, Dayton, and Detroit also offer significant discounts on fixer-uppers.
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