KBHB Music Vault 6:00pm - 11:59pm

Sioux Falls voted best town for house flipping

Sioux Falls voted best town for house flipping

2018ís Best Places to Flip Houses

News Staff - July 30, 2018

UNDATED - With house flippers earning an average gross profit of $68,143 in 2017, the personal-finance website WalletHub today released its report on 2018's Best Places to Flip Houses.

To help serious real-estate investors find the best markets to list their flipped properties, WalletHub compared more than 170 U.S. cities across 27 key metrics. The data set ranges from median purchase price to average full home remodeling costs to housing-market health index.

Best Cities to Flip Houses Worst Cities to Flip Houses
1 Sioux Falls, SD 163 New York, NY
2 Nampa, ID 164 Oxnard, CA
3 Boise, ID 165 Boston, MA
4 Fort Wayne, IN 166 Wilmington, DE
5 Missoula, MT 167 New Haven, CT
6 Peoria, AZ 168 Oakland, CA
7 Oklahoma City, OK 169 San Francisco, CA
8 Fort Smith, AR 170 Yonkers, NY
9 Des Moines, IA 171 Newark, NJ
10 Tampa, FL 172 Bridgeport, CT

Best vs. Worst

Pittsburgh has the highest average gross return on investment, 145.45 percent, which is 24.5 times higher than in Montgomery, Alabama, the city with the lowest at 5.93 percent.

Mobile, Alabama has the lowest median purchase price, $50,000, which is 14.6 times lower than in San Jose, California, the city with the highest at $730,000.

Memphis, Tennessee, has the highest share of home flips, 12.76 percent, which is 9.5 times higher than in Albuquerque, New Mexico, the city with the lowest at 1.35 percent.

Charleston, South Carolina, has the most real-estate agents (per 100,000 residents), 184, which is 20.4 times more than in Warwick, Rhode Island and Providence, Rhode Island, the cities 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.

To view the full report and your city’s rank, please visit:

Phone number: 605-347-4455
E-mail: [email protected]
Address: 1612 Junction Avenue, Suite #1
Sturgis, SD 57785