Fort Wayne ranks high in Best Places to Flip Houses study

(Darrin Wright/1190 WOWO 107.5 FM)

FORT WAYNE, Ind. (WOWO) – Fort Wayne is ranked one of the best cities nationwide when it comes to flipping houses.

According to WalletHub, Fort Wayne is ranked fourth best city overall, 22nd in “Market Potential”, 17th in “Renovation & Remodeling Costs” and 77th in “Quality of Life.”

The categories were broken down by the following:

  • Market PotentialĀ 
    • Average Gross Return on Investment (ROI)
    • Percentage Change in Gross ROI of Flipped Homes (2017 vs. 2016)
    • Median Purchase Price
    • Share of Home Flips
    • Average Days to Flip
    • Home Turnover Rate (2016 vs. 2015)
    • Housing-Market Health Index
    • Average Ratio of Sale Price to List Price
    • Real-Estate Agents per Capita
    • Foreclosed Homes per 10,000 Homes
    • Real-Estate Tax Rate
    • Share of Flips Sold to Cash Buyers
    • Share of Flips Sold to FHA Buyers
    • Median Year Built
  • Renovation & Remodeling Costs
    • Average Kitchen Remodeling Costs
    • Average Bathroom Remodeling Costs
    • Average Full Home Remodeling Costs
    • Median Construction-Worker Salary
  • Quality of Life
    • Crime Rate
    • K-12 School-System Quality
    • Share of Population with Walkable Park Access
    • Family-Friendliness
    • Annual Job-Growth Rate
    • Unemployment Rate
    • Median Salary
    • Median Credit Score
    • Pace of Economic Growth

Fort Wayne also ranked first overall when it comes to the lowest average bathroom remodeling costs.

The top five best cities overall to flip houses include Sioux Falls (SD), Nampa (ID), Boise (ID), Fort Wayne (IN), and Missoula (MT).

The worst city to flip houses is Bridgeport (CT).

LEAVE A REPLY

Please enter your comment!
Please enter your name here