Flipping homes in Austin, Texas, seems to be really exciting. The city is known as the state capital and a host of a numerous international musical events. The ATX, however, could be known in the near future as the city of most affordable monthly mortgages.

If mortgage is low in Austin, then it is an attractive place to be flipping homes. Whether wholesaling houses or rehabbing homes, the city shows promise; at least if we look at the monthly mortgage. According to an online report by U.S. News, the monthly mortgage in Austin, taking the home price median of $197,000 as an example, would be $782! Of course, that’s after making a down payment of around $39,400.

Well, it doesn’t necessarily mean that the low mortgage payments will actually convince home buyers to purchase homes in Austin. In fact, recent news shows that mortgage interest rates have failed to spur home demand. However, this very low monthly payments also mean that the median price is low. If the median price is low, then prices are relatively lower in most Austin properties. Undervalued properties =  profit opportunities. This is a chance for those who want to try flipping homes in Texas.

What do you know, people might just start buying homes in Austin once they start hearing about the unbelievably low. Here are the other nine cities in the list. The monthly mortgage contribution for these cities was computed using the same formula. Sarasota, Fla.; Albuquerque, N.M.; Minneapolis/St. Paul; Columbus, Ohio; Phoenix, Ariz.; Columbia, S.C.; Boise, Idaho; Pittsburgh; Atlanta. Flipping homes in these cities seems pretty interesting.

An investor from these cities? Tell us about your experience flipping homes. Log in on or forums now or enter your email below and register.