Chip and Joanna Gaines, Eat Your Hearts Out! 5 Fixer-Upper Properties Under $200K With Huge Potential

by Kellie Speed

Calling all investors, first-time home buyers, and wannabe HGTV stars.

If you thought finding an affordable starter home or investment property was out of reach, it’s time to think again— particularly if you’re willing to roll up your sleeves and embrace your inner Chip and Joanna Gaines.

Whether you prefer a home near the water or are house hunting for a deal with a some land, we have scouted out several charming homes with a variety of amenities to choose from. All are in need of a little TLC but boast great “bones” that will serve as a solid foundation for a picture-perfect property.

Priced at under $200,000—less than half of the country’s median listing price of $424,950—these homes all boast a huge amount of potential, both for those who are seeking out a stunning family home and those who want to flip a house as an investment opportunity.

Scattered across the country, there are options available for every kind of homebuyer and DIY lover, from Texas to Tennessee.

1. 917 W 22nd St, Little Rock, AR

Price: $69,900

Historic appeal: This three-bedroom antique “waiting for your personal touch” does require “a lot of repairs and updates,” according to the listing.

Built in 1920, the 1,456-square-foot residence’s history can still be detected in the high ceilings, built-in cabinetry, wood-paneled walls, grand staircase, and claw-foot tub. A screened porch overlooking the fenced yard adds to the appeal.

The home is being sold as is, and buyers should make note that “offers will need court approval.”

2. 319 W 22nd St, Jacksonville, FL

Price: $104,000

Brentwood neighborhood: Located near St. Johns River and 30 minutes from popular Atlantic Beach, this 1,075-square-foot home “just needs a little love to be ready.”

Some of the interior work has been started, including fresh painting, while other updates await the next owner’s finishing touches. This “perfect investment” for a first-time homebuyer or investor is sited in an “excellent location.”

3. 314 15th St N, Fargo, ND

Price: $135,000

Cute Cape: Recently reduced, this adorable three-bedroom residence boasts “endless potential.”

The 2,118-square-foot home was built in 1939 and still features some period details, including hardwood floors and built-ins. Two bedrooms are found on the main level while a third with vaulted ceilings is awaits upstairs. A shower has already been installed in the lower level, which could be transformed into an entertainment room.

The property also has a two-car, detached garage.

4. 315 Patton Ridge Dr, Jonesborough, TN

Price: $169,900

Rural setting: Located on 1.14 wide-open acres surrounded by farmland, this two-bedroom ranch with a two-car, attached garage “could use a little TLC.”

Built in 1989, the 1,880-square-foot home is just a few minutes from downtown Jonesborough yet feels a world away when you are here.

Offered as is, the listing advises buyers that the seller “will do no repairs,” although the home is said to be in “overall good shape.”

5. 5110 Lost Tree, San Antonio, TX

Price: $199,999

Gated community: While this four-bedroom residence tops our price point, it also requires the least amount of TLC.

Built in 1998, the 2,036-square-foot home features an open floor plan with cathedral ceilings, a spacious kitchen with a large island, and a cozy fireplace in the living room, which has with tile flooring. The primary suite upstairs has French doors, a walk-in closet, and a separate tub and shower. A $49 monthly association fee includes access to a community pool.

Buyers should note there is a “one time showing with an agent by appointment only from 12-3 p.m. on Saturday, November 9.”