BiggerPockets Daily The Housing Markets Where You Can Get the Steepest Discounts
Jul 21, 2025
In a thriving housing market, fixer-uppers are catching buyers' eyes with steep discounts, especially in cities like St. Louis and Chicago. Some properties are selling for up to 64% below market value and disappearing in under two weeks. The trend is reshaping homeownership, offering unique opportunities for both investors and first-time buyers. The discussion also highlights the importance of local income factors and the role of specialized insurance in making successful renovations. Dive in for valuable insights on where to buy and renovate!
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Steep Discounts on Fixer-Uppers
- St. Louis offers the steepest fixer-upper discount at 64.3% below median home price.
- Other cities like Birmingham and Oklahoma City also provide huge discounts up to 62.5%.
Fixer Uppers Affordable vs Income
- Fixer uppers are often affordable relative to local incomes, with some requiring much less income than the median earners make.
- This affordability creates a significant income surplus for buyers in cities like St. Louis and Chicago.
Fixer Uppers Sell Fast
- Fixer uppers sell quickly in high-demand markets, often within two weeks or less.
- Cities like Boston and Richmond see fixer ups on market as few as 12 to 14 days.