C
onsidering the high prices of homes in New Hampshire and Maine, buying a fixer-upper might be a more affordable option. These are older properties that need renovation to meet livable or personal standards, often priced lower than newer houses on the market.A study by Realtor.com analyzed the share of single-family homes in each state that require repair. To qualify as a fixer-upper, the house had to be at least 20 years old and priced below the state median per square foot. Maine ranked No. 9 in the country for the largest share of fixer-uppers, with 7.5% of single-family listings. The median price for a fixer-upper in Maine is $225,000, representing a 51% discount from the statewide median price.The "fixer-upper discount" varies by state, ranging from 51% in Maine to 89% in West Virginia. Massachusetts has the second-highest median price for fixer-uppers at $550,000.New Hampshire also has a significant number of fixer-uppers, with 5.9% of single-family listings, ranking it No. 25 in the U.S. The median price for a fixer-upper in New Hampshire is $335,000, representing a 44% discount from the statewide median price.Renovating a fixer-upper can be costly, with average costs ranging from $19,489 to $88,359, or $52,241 on average. Renovation costs typically fall between $15 and $60 per square foot, although high-end renovations may exceed $150 per square foot.