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2020-06-17 Top 10 Zip Codes with Highest Home Flipping Profits | By: Brad Beckett
Top 10 Zip Codes with Highest Home Flipping Profits
BY BRAD BECKETT ON JUNE 17, 2020

According to ATTOM Data’s latest U.S. Home Flipping Report, home flipping nationwide increased to a 14-year high in Q1 of 2020, while returns dropped to a nine-year low.  ATTOM says there were 53,705 single-family homes & condos flipped in Q1, representing 7.5% of all home sales during the quarter, reaching the highest level since Q2 2006.  In addition, they said the gross profit on the typical flip also increased in Q1, to $62,300, up slightly from $62k in Q4 2019. However with rising home prices, that profit translated into a 36.7% ROI – the lowest level for home flipping since the Q3 2011. 

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