Surprise! Waco Isn’t One of the Best Cities in Texas for Flipping Houses
But, we can tell you which ones are.
For all of its Southern charm and distinctive character, Waco, Texas, is widely known today as the primary locale for Fixer Upper fans across the country. It's hard to get away from the shiplap praise constantly reaped on the Buckle of the Bible Belt. However, according to a new survey conducted and analyzed by WalletHub, determining the best place to set up in shop in the house-flipping business requires more than just relying on HGTV. It may come as a surprise to home design and renovation enthusiasts (and avid TV viewers), but the beloved hometown of Chip and Joanna Gaines isn't one of the best cities for flipping houses. No, the unlikely frontrunner, according to WalletHub, to emerge from the demolition pack is, in fact, El Paso.
WalletHub compared 150 of the largest cities in the country using 22 key factors, including remodeling costs, quality of life, and market potential. In those major areas, El Paso ranked highly, scoring an average of 69.60 across those three categories. The site also dug deeper into the data to examine purchase price, average full home remodeling costs, and housing-market health index, in which El Paso also came out on top.
Including the sleepy western town, a total of 13 Texas cities made the cut, with Lubbock, Laredo, Corpus Christi, and Grand Prairie making the top 50. The lowest of the bunch was Dallas, which ended up ranking 124 on the list.
Of course, honorable mention goes to eight other Southern destinations rounding out the top 20: Oklahoma City, Oklahoma; Greensboro, North Carolina; Little Rock, Arkansas; Knoxville, Tennessee; Orlando, Florida; Jackson, Mississippi; Nashville, Tennessee; and Wichita, Kansas.
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If you're ready to take a sledgehammer to that tiled kitchen, or you're in the market for a remodeled home, check out the complete list at WalletHub.com to discover the best locations where your money can be well earned (or spent).