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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 toolbelt 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
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This post was last modified on October 3, 2017 10:08 am
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