: Some buyers use low-down-payment FHA loans even if they qualify for more, specifically to keep cash on hand for immediate gut-and-rebuild projects.
Mapped: The States With the Most Fixer-Upper Homes for Handy Buyers buy fixer upper homes for sale
: The most affordable states for fixer-uppers in 2025/2026 include West Virginia , Iowa , and Mississippi , with median list prices for project homes often falling below $110,000. : Some buyers use low-down-payment FHA loans even
: These allow you to bundle the purchase price and renovation costs into a single mortgage. Note that these often come with higher interest rates and more paperwork. Note that these often come with higher interest
“Buying a fixer-upper is worth it when the total investment (purchase price plus renovations) comes in meaningfully below what you'd pay for a comparable, updated home.” Opendoor · 1 week ago Key Considerations for Your Search