Yeah I'm my part of town 200k buys you 3000sf of tear down facing a school parking lot on one side and a drug house on the other. Builder bought it built a new 2200sf house and flipped it for 800k! Crazy times in Seattle real estate.

Also in your price range I don't recommend that you buy a fixer upper. Even if you have to spend 120k to get the house you want it's a better deal than the 80k fixer. Reason being that material cost and labor costs are pretty much the same everywhere. Kitchen remodel will run you 10-12, roof will cost you 5 heat will cost you 3-5 depending on how much work. And the unknown unknowns are killer. You start tearing shit up and you find wiring mold or other problems and you are in for some unexpected serious costs. You need 20-30 k of buffer cash to deal with renovation costs. For a 80k house that's the entire down payment.

We ended up getting a fixer because there was no inventory in our area. 2 years later it's finnally livable but we lived without a kitchen for 6 month no ceiling drywall for 8, cold as balls dust everywhere wife hated it drove her nuts. We came out ahead because houses cost more here but on a cheaper house it wouldn't be worth it.