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    Locking in offers

    Famed Texas town is selling its historic jail beginning at just $5,000

    John Egan
    Jan 29, 2020 | 10:38 am
    Archer City jail
    The property for sale includes hanging gallows, which went unused.
    Photo courtesy of Bishop Realtor Group

    The old county jail in the West Texas hometown of prolific Pulitzer Prize-winning novelist Larry McMurtry of Lonesome Dove fame is on the market for a minimum of $5,000. No, those aren’t typos — you can conceivably buy a historic former jail for a steal.

    The former Archer County Jail in the county seat of Archer City (population 1,744) dates back to 1910. The county used the three-story sandstone structure as a jail until 1974, when it relocated inmates to a bigger facility. Its latest incarnation was a history museum that shuttered about three years ago.

    Archer City is about 25 miles southwest of Wichita Falls, roughly 330 miles north of San Antonio.

    The first floor of the now 110-year-old building served as living quarters for the sheriff and his family, while cells on the second and third floors housed inmates. The jail’s hanging gallows — designed for executions — went unused. The first person to occupy a jail cell there was accused of stealing a horse. The jail housed more than 8,000 inmates until the county’s new, larger jail opened in 1974.

    Local historian Jack Loftin eventually transformed the former jail into museum showcasing Archer County history. After Loftin died in February 2015, county officials decided to close the museum and sell the property.

    Bethann Oswald, a Realtor with Bishop Realtor Group in nearby Wichita Falls, listed the county-owned property for sale on December 27. Since then, she’s fielded more than 1,200 inquiries about the property, she says.

    “This is not a time for nostalgic browsing or curious exploration, however,” Oswald says. “We hope to give our serious prospective buyers the time and space they need to dream up something really great for our county.”

    Relics and history
    Aside from the building itself, the buyer will become the owner of Archer County relics dating back to the 1800s, Oswald says. Those relics include furniture, an old-fashioned sewing machine, period clothing, a shelf full of glass beverage bottles, and numerous framed photos of former county officials.

    The jail shut down three years before the 1971 release of The Last Picture Show, a classic film based on McMurtry’s 1966 semi-autobiographic novel of the same name that put Archer City on the map. The Last Picture Show is a coming-of-age story set in the 1950s in a dying West Texas town.

    Much of The Last Picture Show — directed by Peter Bogdanovich and starring Cybill Shepherd, Jeff Bridges, and Randy Quaid — was filmed in Archer City. The film went on to garner eight Academy Award nominations, with Cloris Leachman collecting the Oscar for best supporting actress and Ben Johnson receiving the Oscar for best supporting actor.

    Aside from The Last Picture Show, McMurtry gained acclaim for Lonesome Dove, his Pulitzer Prize-winning 1985 novel about 19th-century cattle drives. Lonesome Dove was adapted as a four-part TV miniseries that debuted in 1989, earning critical praise. Almost two decades later, McMurtry won an Oscar for co-writing the screenplay for the 2005 movie Brokeback Mountain, featuring Heath Ledger and Jake Gyllenhaal in the lead roles.

    Serious buyers only
    Every serious prospective buyer must complete a “survey of intent” outlining their plans for the site before the deadline of 5 pm January 28. After that, county commissioners will winnow the buyer pool. The remaining potential buyers then must fill out a more detailed survey laying out their vision for the property. Next, county commissioners likely will pick a group of finalists to present their vision in person.

    Ultimately, Archer County commissioners want “to find an individual or entity that will restore the museum and return honor to this historic building and its contents,” Oswald says. The property carries a “state antiquities” designation from the Texas Historical Commission.

    Oswald says that while the rock-bottom sale price is $5,000, money isn’t the most important consideration for county officials. Rather, they simply want to ensure the property ends up in the right hands.

    Randy Jackson, Archer County’s top county commissioner, told Wichita Falls TV stations KFDX and KJTL that he and his colleagues have “the right to refuse any and all bids, so we don’t want someone that’s gonna come in here and try to scrape the goods out of here and leave a shell. We hope that we have a buyer that comes in that has the intent to restore it and for everything to remain right here.”

    The old Archer County Jail is for sale for just $5,000.

    Archer City jail
    Photo courtesy of Bishop Realtor Group
    The old Archer County Jail is for sale for just $5,000.
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    red-hot housing

    Houston boasts No. 20 hottest real estate market among big U.S. cities

    Amber Heckler
    Aug 20, 2026 | 9:00 am
    Houston neighborhood with skyline
    Getty Images
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    It doesn't get much hotter than the Houston housing market. A new report has ranked H-Town as the 20th best real estate market among America's biggest cities right now.

    WalletHub's annual study, "Best Real Estate Markets (2026)," compares the real estate markets in 300 U.S. cities based on 17 relevant metrics, such as "housing market attractiveness," home value forecasts, housing affordability, population growth, and many others. Cities were also ranked by size: large cities with over 300,000 residents; midsize cities with 150,000-300,000 residents; and small cities with fewer than 150,000 residents.

    In the overall ranking of the best housing markets in America, regardless of city size, Houston ranks 90th out of all 300 cities.

    WalletHub ranks Houston's real estate market No. 102 nationally, and its "affordability and economic environment" ranks 111th overall.

    This is how WalletHub ranks the "health" of Houston's housing market (where No. 1 is the best and No. 150 is average):

    • No. 51 – Job Growth Rate
    • No. 96 – Home Price as a Percentage of Income
    • No. 99 – Median Home-Price Appreciation
    • No. 128 – Foreclosure Rate
    • No. 159 – Share of Seriously Underwater Mortgages
    • No. 172 – Percentage of Delinquent Mortgage Holders
    • No. 173 – Median Days on the Market
    • No. 192 – Maintenance Costs as a Percentage of Income
    Despite Houston's good standing among the biggest cities in America, a separate WalletHub report claims Houston is one of the worst cities for first-time homebuyers. Instead, Houstonians are turning to popular ZIP codes in suburbs like Cypress and Katy, which rank among the hottest places to move to in the U.S.

    Other high-performing housing markets in Texas
    Two popular North Texas suburbs — Frisco and McKinney — topped WalletHub's overall list of the best real estate markets in the U.S. for 2026 at Nos. 1 and 2, respectively, and they locked in the top two spots in the midsize city ranking, too.

    Frisco tops the nationwide "affordability and economic environment" category, and ranks No. 2 nationally for its real estate market.

    "When you look at home prices as a percentage of income, [Frisco] is the 95th-cheapest among the 300 cities in our study," the report said. "But it’s the 11th-cheapest city for phone service and the 11th-cheapest for maintenance and energy."

    Frisco boasts the highest share of houses that were built between 2010 and 2024, at nearly 47 percent, which WalletHub says is "good news for people who want all the benefits of a recently-constructed home," without having to "put in a lot of work" to renovate an older or run down home.

    "If you aim to make a profit in the long run with your housing purchase, you’ll need to look beyond tangible factors like square footage and style," the report's author wrote. "Those factors certainly drive up property values. From an investor’s standpoint, though, they hold less significance than historical market trends and the economic health of residents."

    Nearby Denton and Allen also made the overall top 10, respectively ranking as the 5th and 8th best real estate markets in the U.S. for 2026. Denton similarly ranked 5th in the midsize city rankings, and Allen topped the list of small cities.

    The top 10 best real estate markets in America for 2026 are:

    • No. 1 – Frisco, Texas
    • No. 2 – McKinney, Texas
    • No. 3 – Murfreesboro, Tennessee
    • No. 4 – Durham, North Carolina
    • No. 5 – Denton, Texas
    • No. 6 – Cary, North Carolina
    • No. 7 – Madison, Wisconsin
    • No. 8 – Allen, Texas
    • No. 9 – Charlotte, North Carolina
    • No. 10 – Irvine, California
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