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New Orleans among the top 10 best cities to flip houses

It ranks No. 1 for "house-flipping market potential"

Weighing metrics including median home purchase price, remodeling costs, and housing market health, personal finance site WalletHub ranks New Orleans as the No. 8 city for flipping houses.

New Orleans ranks 8 on the list, but it comes in as No. 1 for house-flipping market potential because of a high average return on investment, healthy (read: pricey) real estate market, and other factors.

Source: WalletHub

For renovation and remodeling costs, New Orleans ranks 37 out of the 150 cities on the list. For its quality of life score, though, the city falls in the lower percentage at No. 101.