20 Metro Areas with the Most Flipped Homes - house flipping

20 Metro Areas With the Most Flipped Homes

The art of house flipping is on the rise thanks to the popularity of reality TV shows like HGTV’s Flip or Flop. If you’re handy with a tool belt and don’t mind weeks of manual labor, you might be thinking, I can do that. Before you blow your life savings on buying that fixer-upper, though, it might help to know where people are flipping — and, more importantly, buying — homes in 2017. Thanks to a recent study by ATTOM Data Solutions, we’ve compiled a list of the top 20 US metro areas with the most flipped homes in Q2 of 2017 and listed them by county data, so you can plan your project accordingly.

 

1. Phoenix, Arizona

County: Maricopa

Metro Area: Phoenix-Mesa-Scottsdale, AZ

Number of Homes Flipped: 2,116

Average Flipping Profit: $54,787

 

2. Los Angeles, California

County: Los Angeles

Metro Area: Los Angeles-Long Beach-Anaheim, CA

Number of Homes Flipped: 1,404

Average Flipping Profit: $135,000

 

3. Las Vegas, Nevada

County: Clark

Metro Area: Las Vegas-Henderson-Paradise, NV

Number of Homes Flipped: 1,207

Average Flipping Profit: $55,600

 

4. Chicago, Illinois

County: Cook

Metro Area: Chicago-Naperville-Elgin, IL-IN-WI

Number of Homes Flipped: 922

Average Flipping Profit: $95,000

 

5. Fort Lauderdale, Florida

County: Broward

Metro Area: Miami-Fort Lauderdale-West Palm Beach, FL

Number of Homes Flipped: 863

Average Flipping Profit: $75,000

 

6. Miami, Florida

County: Miami-Dade

Metro Area: Miami-Fort Lauderdale-West Palm Beach, FL

Number of Homes Flipped: 794

Average Flipping Profit: $80,000

 

7. Palm Beach, Florida

County: Palm Beach

Metro Area: Miami-Fort Lauderdale-West Palm Beach, FL

Number of Homes Flipped: 681

Average Flipping Profit: $69,200

 

8. Tampa, Florida

County: Pinellas

Metro Area: Tampa-St. Petersburg-Clearwater, FL

Number of Homes Flipped: 642

Average Flipping Profit: $69,900

 

9. Riverside, California

County: Riverside

Metro Area: Riverside-San Bernardino-Ontario, CA

Number of Homes Flipped: 631

Average Flipping Profit: $75,500

 

10. San Diego, California

County: San Diego

Metro Area: San Diego-Carlsbad, CA

Number of Homes Flipped: 604

Average Flipping Profit: $85,000

 

11. Clearwater, Florida

County: Hillsborough

Metro Area: Tampa-St. Petersburg-Clearwater, FL

Number of Homes Flipped: 604

Average Flipping Profit: $60,000

 

12. Ontario, California

County: San Bernardino

Metro Area: Riverside-San Bernardino-Ontario, CA

Number of Homes Flipped: 551

Average Flipping Profit: $75,500

 

13. Houston, Texas

County: Harris

Metro Area: Houston-The Woodlands-Sugar Land, TX

Number of Homes Flipped: 546

Average Flipping Profit: $48,888

 

14. Orlando, Florida

County: Orange

Metro Area: Orlando-Kissimmee-Sanford, FL

Number of Homes Flipped: 528

Average Flipping Profit: $64,000

 

15. St. Louis, Missouri

County: Saint Louis

Metro Area: St. Louis, MO-IL

Number of Homes Flipped: 526

Average Flipping Profit: $47,000

 

16. Philadelphia, Pennsylvania

County: Philadelphia

Metro Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

Number of Homes Flipped: 521

Average Flipping Profit: $78,046

 

17. Dallas, Texas

County: Dallas

Metro Area: Dallas-Fort Worth-Arlington, TX

Number of Homes Flipped: 505

Average Flipping Profit: $59,133

 

18. Memphis, Tennessee

County: Shelby

Metro Area: Memphis, TN-MS-AR

Number of Homes Flipped: 487

Average Flipping Profit: $41,500

 

19. Arlington, Texas

County: Tarrant

Metro Area: Dallas-Fort Worth-Arlington, TX

Number of Homes Flipped: 444

Average Flipping Profit: $46,161

 

20. Detroit, Michigan

County: Wayne

Metro Area: Detroit-Warren-Dearborn, MI

Number of Homes Flipped: 442

Average Flipping Profit: $37,500

 

TAKE ACTION

Interested in flipping a house yourself? Check out Barbara Jennings’ book,  Home Staging for Profit!

 

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