Pennsylvania City is One of the Best in America to Buy a Fixer-Upper
The housing market has been on a wild ride lately, due to interest rates going up and a variety of other factors, so if you’re looking to buy a fixer-upper,…
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The housing market has been on a wild ride lately, due to interest rates going up and a variety of other factors, so if you're looking to buy a fixer-upper, it can be daunting. That said, a few cities in the U.S. are great areas to buy a fixer-upper, and one is in Pennsylvania.
StorageCafe.com has put together a study to determine the best places to buy a fixer-upper in America. "Finding a home with good bones is not the easiest task, however, and it depends a lot on the location you're looking to buy in," they state. "Some places make it much harder than others to turn your homebuying journey into a success story similar to those featured on the 'Property Brothers' or Chip and Joanna Gaines' 'Fixer Upper.'"
As for methodology, StorageCafe.com states that, "by analyzing 61,200 active single-family listings on home search website Point2, we ranked the 50 most populous cities based on several metrics, including prices, number of active fixer-upper listings, home sizes and lot sizes. We also considered self storage costs and inventory as the service is typically useful both during the renovation process of a fixer-upper and afterwards as fixer-uppers are generally smaller (1,400 sq. ft. on avg. vs. 1,900 sq. ft. on avg. in standard homes)." Thanks to all of the research, the publication was able to discover which markets are "more favorable to homebuyers looking for fixer-uppers from both an availability and an affordability standpoint."
So, which Pennsylvania city is the best in America to buy a fixer-upper? Read on for the top 10 markets, including the Pennsylvania pick. I fully expect you to jump on Zillow afterwards and look for a fixer-upper project. With winter on the way, you could consider it a fun, productive winter project. Find the full list of all the cities here.
10. New Orleans
Fixer-upper listing price: $159,450
9. Tulsa
Fixer-upper listing price: $156,900
8. Kansas City
Fixer-upper listing price: $155,000
7. Oklahoma City
Fixer-upper listing price: $150,000
6. Philadelphia
Fixer-upper listing price: $145,000
5. Omaha
Fixer-upper listing price: $129,000
4. Memphis
Fixer-upper listing price: $109,900
3. Baltimore
Fixer-upper listing price: $107,500
2. Milwaukee
Fixer-upper listing price: $79,900
1. Detroit
Fixer-upper listing price: $59,900
Source
This list is via StorageCafe.com.
