20 Best Cities to Buy a Fixer-Upper, According to StorageCafe

The percentage of active listings and how much you can save were key factors.

<p>Dogora Sun/Getty Images</p>
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<p>Dogora Sun/Getty Images</p>
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<p>StorageCafe recently released a report on the best cities to buy fixer-uppers to help home buyers find the most cost-efficient cities for this type of home purchase.  The national self-storage marketplace partnered with its sister company and real estate search portal Point2 to curate more than 70,000 active home sales listings in 50 of the most populous cities.  The company first compared asking prices between regular advertisements and refurbishment homes.  It then ranked each city based on how much a homebuyer could save by purchasing a fixer-upper, and how many active listings were available.</p>
<p>The report shows that a fixer-upper home can cost an average of €283,000, which is 29% lower than a move-in ready home, saving a home buyer approximately €117,000.  The results also showed that in “20 of the 50 largest cities, fixer-uppers are at least 50% cheaper than regular houses.”</p>
<p>Related: The Best US States to Buy a Home Under $150,000</p>
<p>If you’re a home buyer looking for a good deal on a fixer-upper, here are the top 20 best cities to find one.</p>
<ol class=
  • Los Angeles

  • Kansas City

  • Dallas

  • Chicago

  • Bakersfield

  • Corpus Christi

  • Tulsa

  • Fresco

  • Omaha

  • Colorado Springs

  • Louisville

  • Raleigh

  • Long beach

  • Vegas

  • Minneapolis

  • Albuquerque

  • Oklahoma City

  • Columbus

  • Aurora

  • Jacksonville

  • Los Angeles is the best city to buy a fixer-upper for a reason. According to this study, this city has the potential for big savings with enough active listings. The price difference between a fixer-upper home and a regular home can be as much as $945,000 – more than double the national average for a fixer-upper home, the report said. This shows that the average price tag for fixing up that house in LA is typically $155,000. However, that doesn’t mean that the big city doesn’t cost you anything to live there.

    Number two, Kansas City is home to about 13% of all fixer-upper listings, so there are plenty of options. You can save an average of $229,000 with a fixer-upper in this Midwestern city. Fixer-uppers can be listed for $170,000 (compared to $400,000 for move-in ready homes) and you can probably get a remodeling loan for around $65,000 to cover many of the repair costs.

    Dallas ranks third on this list. StorageCafe says it’s one of the most popular moving destinations in Texas, and has great deals on fixer-uppers if you’re looking for one. While a regular home can cost $500,000, you’ll likely find a repair home for $283,000, saving you an average of $217,000. About 12% of homes in Dallas are fixer-uppers, and while they may be smaller than regular homes, they often come with larger lots.

    Related: 5 Things I Wish I Knew Before Buying (and Restoring) an Old House.

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