Personal Finance

June 7, 2013

Fixer-upper bargains? Kansas City has plentiful supply

The area was the 32nd best market in the country for finding fixer-upper bargains, according to data collected by RealtyTrak, a housing research firm. RealtyTrak collected data nationwide on homes facing potential bank foreclosures that were built before 1960 with an estimated market value below $100,000.

When it comes to buying and rehabbing fixer-upper homes, the Kansas City area provides ample opportunities, a new report shows.

The area was the 32nd best market in the country for finding fixer-upper bargains, according to data collected by RealtyTrak, a housing research firm. RealtyTrak collected data nationwide on homes facing potential bank foreclosures that were built before 1960 with an estimated market value below $100,000.

In the Kansas City area, there were about 289 bank-owned homes fitting this housing demograhic. The average value of the homes was $78,038.

The best markets for bank-owned rehabs? Detroit, Chicago, Cleveland, St. Louis, and Cincinnati. St. Louis, by the way, had 1,021 bank-owned homes built before 1960 with an average market value of $60,556.

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