Top 10 best cities fo flip houses in 2019

house flipping

Do you know house flippers are earning an average gross profit of $60,000 in the Q1 2019? For serious real-estate investors, it is important to find the best markets to list flipped properties. The personal-finance website WalletHub has released a report on 2019’s Best Places to Flip Houses , which compares more than 170 U.S. cities across 29 key metrics. The data set ranges from median purchase price to average full home remodeling costs to housing-market health index. Here are the top 10 best cities to flip houses and the worst cities:

Best Cities to Flip Houses Worst Cities to Flip Houses
1 Sioux Falls, SD 163 Los Angeles, CA
2 Missoula, MT 164 New York, NY
3 Rapid City, SD 165 New Haven, CT
4 Billings, MT 166 Boston, MA
5 Peoria, AZ 167 Wilmington, DE
6 Tampa, FL 168 San Francisco, CA
7 Fort Smith, AR 169 Oakland, CA
8 Greensboro, NC 170 Newark, NJ
9 Las Cruces, NM 171 Yonkers, NY
10 Boise, ID 172 Bridgeport, CT

Best vs. Worst Cities to Flip Houses

  • Pittsburgh has the highest average gross return on investment, 144.16 percent, which is 8.5 times higher than in Austin, Texas, the city with the lowest at 16.96 percent.
  • Montgomery, Alabama has the lowest median purchase price, $50,000, which is 17.3 times lower than in San Jose, California, the city with the highest at $867,000.
  • Memphis, Tennessee, has the highest share of home flips, 11.66 percent, which is 6.9 times higher than in Albuquerque, New Mexico, the city with the lowest at 1.70 percent.
  • Charleston, South Carolina, has the most real-estate agents (per 100,000 residents), 282, which is 31.3 times more than in Modesto, California, the city with the fewest at 9.
  • Little Rock, Arkansas, has the lowest average full home remodeling costs, $75,888, which is five times lower than in Atlanta, the city with the highest at $375,734.

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