Best Cities for Buying Fixer-Upper Homes

The five best cities to find a bargain home are in the Rust Belt: Detroit, Chicago, Cleveland, St. Louis and Cincinnati, according to Realty Trac.

Here's the full list:

1. Detroit

2. Chicago

3. Cleveland

4. St. Louis

5. Cincinnati

6. Philadelphia

7. Milwaukee

8. Phoenix

9. Toledo, Ohio

10. Birmingham, Ala.

11. Dayton, Ohio

12. Columbus, Ohio

Realty Trac created the list by ranking come from the number of bank-owned homes that were built before 1960 and are valued under $100,000. The idea being that these houses were built before the housing boom and were likely constructed of more solid material and in neighborhoods that have been around for a long period,