August 19, 2022

Dthconnex

Notable Woodworkers

The Best Cities to Buy a Fixer-Upper

8 min read

Even as the real estate market begins to cool somewhat, it’s not easy to buy a home these days. Mortgage rates have gone up and prices are still higher than last year, making affordability tougher than ever.

But in one bright spot, the median cost of a fixer-upper in the U.S. is $225,000, 45% cheaper than a turnkey home of the same size and in the same city, according to an analysis by Porch.com, a software platform for home service industries. And, fixers seem to be going down in price compared with last year—they’re 24% cheaper than in 2021, according to the analysis.