"Purchasing a fixer-upper can provide significant savings and opportunities for buyers willing to invest time and effort into renovations. Fixer-uppers come at a substantial discount compared to move-in ready homes, with savings ranging from 56% to nearly 78% in select metros across the South and Midwest, according to recent research by Realtor.com®. These properties, typically older single-family homes below the median price per square foot in their area, offer budget-friendly options for buyers looking to customize their dream home or flip for profit."
"Fixer-uppers offer substantial savings, with discounts of up to 78% in certain metros in the South and Midwest. The typical fixer-upper is a single-family home from 1958, with an average size of 1,628 square feet, three bedrooms, and two baths, priced at around $200,000. Top metros for fixer-upper discounts include Jackson, MS; St. Louis, MO; Birmingham, AL; Pittsburgh, PA; and Toledo, OH, with discounts exceeding 67%."
Fixer-uppers can deliver substantial discounts compared with move-in ready homes, with savings often ranging from 56% to nearly 78% in select metros across the South and Midwest. These properties are typically older single-family homes, often built around 1958, averaging about 1,628 square feet with three bedrooms and two baths and priced near $200,000. Top metros with the largest discounts include Jackson, MS; St. Louis, MO; Birmingham, AL; Pittsburgh, PA; and Toledo, OH, where discounts can exceed 67%. Fixer-uppers are more common in the Midwest and Northeast and make up roughly 5% of single-family listings. They offer budget-friendly opportunities for customization or flipping for profit.
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