27 Cities Where You’ll Save Big If You’re Willing To Buy a Fixer-Upper
If you’re willing to put in some work and purchase a fixer-upper instead of a turnkey home, you can save big.
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The median price for a fixer-upper is $283,000 — 29% lower than a move-in-ready home, StorageCafe reported. Moreover, in 20 out of the 50 largest U.S. cities, fixer-uppers cost 50% less than move-in-ready homes.
Here’s a look at the cities where you’ll save $100,000 or more if you purchase a fixer-upper, as identified by StorageCafe.
1. Los Angeles
Turnkey home median asking price: $2 million
Fixer-upper median asking price: $1.05 million
Potential savings: $945,000
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2. Kansas City, Missouri
Turnkey home median asking price: $399,900
Fixer-upper median asking price: $170,000
Potential savings: $229,900
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3. Dallas
Turnkey home median asking price: $500,000
Fixer-upper median asking price: $283,000
Potential savings: $217,000
4. Chicago
Turnkey home median asking price: $424,000
Fixer-upper median asking price: $235,000
Potential savings: $189,000
5. Bakersfield, California
6. Corpus Christi, Texas
Turnkey home median asking price: $324,700
Fixer-upper median asking price: $164,000
Potential savings: $160,700
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7. Tulsa, Oklahoma
Turnkey home median asking price: $325,000
Fixer-upper median asking price: $172,450
Potential savings: $152,550
8. Fresno, California
Turnkey home median asking price: $452,050
Fixer-upper median asking price: $303,500
Potential savings: $148,550
9. Omaha, Nebraska
Turnkey home median asking price: $358,000
Fixer-upper median asking price: $210,000
Potential savings: $148,000
10. Colorado Springs
Turnkey home median asking price: $575,000
Fixer-upper median asking price: $438,500
Potential savings: $136,500
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11. Louisville, Kentucky
Turnkey home median asking price: $319,950
Fixer-upper median asking price: $185,000
Potential savings: $134,950
12. Raleigh, North Carolina
Turnkey home median asking price: $532,998
Fixer-upper median asking price: $398,250
Potential savings: $134,748
13. Long Beach, California
Turnkey home median asking price: $972,000
Fixer-upper median asking price: $837,499
Potential savings: $134,501
14. Las Vegas
Turnkey home median asking price: $529,839
Fixer-upper median asking price: $400,000
Potential savings: $129,839
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15. Minneapolis
Turnkey home median asking price: $330,000
Fixer-upper median asking price: $204,950
Potential savings: $125,050
16. Albuquerque, New Mexico
Turnkey home median asking price: $399,000
Fixer-upper median asking price: $275,000
Potential savings: $124,000
17. Oklahoma City
Turnkey home median asking price: $292,990
Fixer-upper median asking price: $178,200
Potential savings: $114,790
18. Columbus, Ohio
Turnkey home median asking price: $279,450
Fixer-upper median asking price: $164,900
Potential savings: $114,550
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19. Aurora, Colorado
Turnkey home median asking price: $624,970
Fixer-upper median asking price: $513,990
Potential savings: $110,980
20. Jacksonville, Florida
Turnkey home median asking price: $349,993
Fixer-upper median asking price: $239,450
Potential savings: $110,980
21. Atlanta
Turnkey home median asking price: $459,900
Fixer-upper median asking price: $350,000
Potential savings: $109,900
22. Cincinnati
Turnkey home median asking price: $279,450
Fixer-upper median asking price: $169,900
Potential savings: $109,550
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23. Houston
Turnkey home median asking price: $342,990
Fixer-upper median asking price: $235,495
Potential savings: $107,495
24. Orlando, Florida
Turnkey home median asking price: $489,900
Fixer-upper median asking price: $386,000
Potential savings: $103,900
25. Baltimore
Turnkey home median asking price: $237,450
Fixer-upper median asking price: $135,000
Potential savings: $102,450
26. Memphis, Tennessee
Turnkey home median asking price: $229,900
Fixer-upper median asking price: $128,900
Potential savings: $101,000
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27. Indianapolis
Turnkey home median asking price: $299,900
Fixer-upper median asking price: $199,450
Potential savings: $100,450
Data is sourced from StorageCafe and is accurate as of April 1, 2024.
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This article originally appeared on GOBankingRates.com: 27 Cities Where You’ll Save Big If You’re Willing To Buy a Fixer-Upper
