Slideshow 5 best and worst cities for house flipping ROI

Published
  • September 14 2017, 6:57pm EDT

Nearly 54,000 houses were flipped during the second quarter of 2017, with investors making an average profit of $67,516 per property and 48.4% return on investment, according to Attom Data Solutions.

Investment returns on flipped houses have declined nationwide for three straight quarters. But some cities still have a robust flipping market, while others are worth avoiding.

Here's a look at the five best and five worst cities for house flipping investment returns during 2Q17.

No. 5 Best: Cleveland, Ohio

Original purchase price: $55,000
Flipped price: $111,000
Gross profit: $56,000
ROI: 101.8%

Content Continues Below


No. 5 Worst: San Francisco, Calif.

Original purchase price: $535,000
Flipped price: $680,000
Gross profit: $145,000
ROI: 27.1%

No. 4 Best: Harrisburg, Pa.

Original purchase price: $73,750
Flipped price: $149,900
Gross profit: $76,150
ROI: 103.3%

No. 4 Worst: San Jose, Calif.

Original purchase price: $685,000
Flipped price: $870,000
Gross profit: $185,000
ROI: 27%

Content Continues Below


No. 3 Best: Philadelphia, Pa.

Original purchase price: $86,000
Flipped price: $184,000
Gross profit: $98,000
ROI: 114%

No. 3 Worst: Austin, Texas

Original purchase price: $266,000
Flipped price: $335,160
Gross profit: $69,160
ROI: 26%

No. 2 Best: Baton Rouge, La.

Original purchase price: $69,000
Flipped price: $152,000
Gross profit: $83,000
ROI: 120.3%

Content Continues Below


No. 2 Worst: Boise, Idaho

Original purchase price: $187,964
Flipped price: $232,218
Gross profit: $44,254
ROI: 23.5%

No. 1 Best: Pittsburgh, Pa.

Original purchase price: $58,800
Flipped price: $145,000
Gross profit: $86,200
ROI: 146.6%

No. 1 Worst: Honolulu, Hawaii

Original purchase price: $399,000
Flipped price: $470,000
Gross profit: $71,000
ROI: 17.8%