The Best Housing Markets For Home Flippers

By Kurt Real Estate Nov 23, 2019

At an 11-year high, home flipping is all the rage this year. More than 207,000 homes have been flipped at an average profit of $68,100 per house. As any good investor knows, the key is knowing where to be and when. Finding the next “hot neighborhood” just before it gets hot is the name of the game.

Realtor.com ranked the 200 largest metros according to the share of all home sales that were considered a flip (bought and re-sold within a 3 to 12 month period). Each state was allowed 2 metros for geographic diversity and only included markets with a profit of $30,000 or greater. Here were the top 8 markets:

1. Nashville, TN – Ratio of flips to home sales was 4.1% and the average flip profit was $87,200

2. Fresno, CA – Ratio of flips to home sales was 3.5% and the average flip profit was $53,200

3. Palm Bay, FL – Ratio of flips to home sales was 3.3% and the average flip profit was $71,500

4. North Port, FL – Ratio of flips to home sales was 3.3% and the average flip profit was $85,300

5. Baton Rouge, LA – Ratio of flips to home sales was 3.2% and the average flip profit was $70,000

6. Chattanooga, TN – Ratio of flips to home sales was 3.1% and the average flip profit was $65,800

7. Los Angeles, CA – Ratio of flips to home sales was 3% and the average flip profit was $169,400

8. Lubbock, TX – Ratio of flips to home sales was 2.7% and the average flip profit was $46,000