25 Most Profitable Markets For Flipping Homes from RealtyTrac


Is your area good for flipping?

Flipping homes may become more favorable for investors in 2013 as home prices appreciate in most markets. RealtyTrac selected the top 25 markets nationwide where flipping single family homes offers the highest rate of return based on the flipper’s gross profit — the difference between average original purchased price and the eventual flipped sales price of a flipped home.

Be sure to leave a comment below and let me know your thoughts!

(Click to Enlarge Photos)



Related: The Book on Flipping Houses from BiggerPockets

What do you think? Do you agree?

Source: RealtyTrac

Photo: nolaclutterbusters

About Author

Steve Cook is the editor of Real Estate Economy Watch and writes for a several leading outlets in addition to BiggerPockets, including Equifax and Total Mortgage. He also provides communications consulting services to leading real estate companies. Previously he was vice president of public affairs for the National Association of Realtors.


  1. It seems that a lot of these markets suffered the most from price decreases in the past few years. In other words, is it safe to say that they’re able to be so profitable now partly because they lost so much value during the housing market hit? This seems like quite a bounce back.

    • Lee;

      That’s an astute observation. The reason they lost so much value in the crash is the large numbers of defaults/foreclosures they suffered. Of course, these distress sales sold at a huge discount from 2009-2012. Now strong demand and tight supplies are pushing foreclosure prices upward, equal full-price homes in some markets…and the gains you mention are driven by those foreclosure increases.

  2. I’m so glad no one ever mentions Greensboro, North Carolina. I’d like to keep this secret to myself. Shhhhhhh…….

    And, I know a guy who flips on average 150 properties per year in Phoenix. He says that he sees another bubble burst coming there very soon. He’s lived through 2 and said all of the signs are there again, only 7 years after the last one burst.

    Moral – *whatever you do, do with caution.

    Thanks for the info, Steve.

    • Karen;


      Next to Asheville, it’s my favorite Carolina town…

      I would agree with his view of Phoenix, and I would add Sacramento, Las Vegas and maybe Santa Barbara to the list of bubble candidates.

      Thanks for the thank you, but the folks at RealtyTrac did all the work


      • Oh, my gosh – I love Asheville! We’re there probably every 6 weeks and had a mountain house outside Asheville on the Tennessee border, right on the Appalachian Trail. If I ever leave Greensboro, it will probably be for Asheville.

        Can you believe their bubble may be bursting again so soon? Tragic…..


        • Melodee Lucido on

          omg I’m rolling on the floor laffing at this thread!! tragic : >

          “There’s always something to be glad about” Pollyanna.

  3. Julie Oldham on

    Well, that’s a relief! I thought maybe I was the only one that COULDN’T flip a house in denver! But looking at these numbers, it makes more sense now. Only $19,000 gross between purchase and sell price… I spend about $15k to rehab a small house from top to bottom, and then with title insurance and closing costs and realtor fees, about 8% to sell it. With these numbers, I would be losing money! Which is why I haven’t been able to find a property to flip for a while. Everything is being sold for way more than what I think could be flipped, and even strange little dumps are selling only after a bidding war. Sure, I only work in certain parts of the Denver metro area, I’m sure there are still flips around here somewhere, I’m just not comfortable with those areas. I hope this insanity ends soon, I’d like to get back to work. 🙂

  4. dell schlabach on

    Unless I am missing something there is something wrong with their numbers. If the aversge rehabber in Denver bought his houses for191,000 and sold them for 210,000, the average rehabber lost his butt.

    The gross profit is barely enough to cover reator fees and holding costs, let alone paying rehab costs and having any profit.

  5. Since it’s net profit that really matters, I’m curious how much different the list would look if the rehab cost was added in. Would the law of large numbers come into play such that the rankings would be about the same?

    I tend to think that some of the cheap markets that are in the Top 10 of this list would fall off after factoring in rehab, since rehab costs will not scale with purchase prices. I don’t think the same rehab in a west coast city would cost 3-4 times as much as in Tampa, Memphis, Lakeland, etc. It would cost more, of course, but not nearly as much more as the purchase prices.

    Of course, you need a hell of a lot more profit to live in a west coast city versus Memphis or Tampa!

  6. I wonder how RealtyTrac determined this is solely flip purchases and sales? Maybe is everything purchased and resold within 30-90 days? If these are flips done in 2012, then some of the acquisition prices are from 2011. A lot has changed since then!

  7. Would any of you consider selling the property without a realtor? You can save a nice chunk of change. After having a few realtors in my last rehab, I decided to try it myself. The property sold for $15,000 more than any of them would price it at. Add the $10,500 commission saved me $25,500. It sold within a month of the listing on Craigslist (no advertising cost) so made a great little profit. Selling it yourself is probably the easiest part of the rehab!

  8. Melodee Lucido on

    Ventura & Santa Barbara Counties have crazy small inventory and the houses sell in days to a few weeks. The rehabs get bid up to ridiculous prices—-or silently passed on as pocket deals.

    whew, so glad I went out of area for my crei where I can have fun. It’s just stupid here imho.

    Thanks for the info Steve : >

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