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10 Cities That Will Give You the Best ROI If You Renovate a Fixer-Upper

June 23, 2024

2 min Read

Written by Gabrielle Olya

Edited by Rebekah Evans

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Buying a fixer-upper is more of a hassle than buying a turnkey property, but if you are looking for a good investment opportunity, the time and energy you put into renovating can be worth it — if you know where to buy.

Frontdoor found the most profitable major cities to buy a fixer-upper by analyzing the median size and price of homes listed as a “fixer-upper” on Zillow and then using Kukun’s home remodeling cost estimator to find the likely cost, added value and profit margin of renovating. Cities were ranked based on the value added to the home relative to the cost of renovations.

Based on this analysis, these 10 cities provide the best ROI for renovating a fixer-upper.