BiggerPockets Daily

Five Markets That Make Sense to Buy a Fixer-Upper In

15 snips
Sep 24, 2025
Discover why fixer-uppers are a smart investment in today's market. Explore top cities like St. Louis, where affordability meets renovation potential. Detroit's revitalization offers opportunities for savvy buyers. Oklahoma City stands out with its low prices and growth projections. Learn about Pittsburgh's investor-friendly landscape and Buffalo's hot market that demands quick action. Plus, hear a personal success story and essential tips for due diligence before diving in!
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INSIGHT

Data-Backed Fixer-Upper Opportunities

  • Mad City combined Redfin, Fed, Census and other data to find affordable fixer-upper markets.
  • Fixer-uppers remain attractive due to price-to-income, renovation costs, and market momentum.
INSIGHT

St. Louis Offers Big Income Surplus

  • St. Louis topped the list with a big income-to-qualify surplus and low median home prices.
  • Cheap entry plus modest local unemployment makes it fertile for value hunters.
ADVICE

Don't Rely On Appreciation Alone

  • Expect limited appreciation in most markets and rely on sweat equity for gains.
  • Budget realistic renovation costs and taxes when projecting flip profits.
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