Arizona Is #1 Home-Flipping State

Posted: August 6, 2024 | Source: phoenixagentmagazine.com

Arizona is the best U.S. state for home flippers, according to a new analysis by a kitchen cabinet manufacturing company. Per their calculations, Arizonans sell a flipped home for an average of $429,787, a return on investment of about 20% after costs of buying, remodeling, and selling a fixer-upper. Nationally, the average flipped home sale price is $360,643, with an average remodeling cost of $67,791. Homes in Florida were the #2 flip-profit state.