A new study ranks the best states for house flipping, using data on sale prices, remodeling costs, sales volume, and time on market. By standardizing these metrics into a single House Flipping Score, the study identifies where flipping is most profitable—higher scores mean better conditions for flippers.
Vermont tops the list of best states for house flipping with a score of 99, thanks to fast sales (32 days on market) and high transaction volume. Maine follows with a score of 95, offering the lowest remodeling costs ($27,486) among top states and similarly quick sales, the study from Badeloft shows.
New Hampshire ranks third (score: 93), combining low renovation costs with high average sale prices ($462,492). Delaware takes fourth (score: 86) with moderate remodeling expenses and solid sales volume.
Rhode Island (score: 85) has the second-fastest market (under 28 days) and low renovation expenses. Hawaii places sixth (score: 83), driven by the highest sale prices nationwide ($829,941).
Connecticut (score: 79) has the shortest time on market—just 27 days—and solid resale value. Virginia (score: 76) offers decent profits with moderate remodeling costs. North Carolina (score: 74) boasts the most active housing market among top states.
Massachusetts rounds out the top ten (score: 71) with high property values ($605,614) and a market time of 36 days.
Virginia is ranked eighth for house flipping potential, achieving a score of 76. Home improvement projects here generally require an investment of $39,215, with investors able to sell properties for an average of $382,930.
Finally, North Carolina is positioned ninth on the list of best states for house flipping, achieving a score of 74. The state features the most active housing market among the top-ranking states, with 6,649 houses sold per 100,000 residents.
A Badeloft study spokesperson said: “House flipping proves to be a profitable endeavor in many states, particularly those where the cost of remodeling is relatively low, and the potential for high sale prices is strong. It’s important to consider that prioritizing premium quality renovations is essential to maximizing the property’s value and securing a profitable return.”
“Carefully selected and stylish furnishings that complement these renovations can further enhance the home’s appeal, making it even more marketable and increasing its overall value”.
The full study data can be found here.
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