How much do investors get for house flipping houses?

The answer to this question will heavily depend on which market and area you are looking to flip a property in. However, with the exception of a few occasional negative ROI markets, a safe range is around 45% to 75% ROI.

How Much Money Does House Flipping Make?

How much money can you make flipping a house? What are the best markets? Find the answers and more here.

By Jack Caporal – Updated Mar 31, 2026 at 4:54 PM EST | Fact-checked by Parker Hicks

Key Points

Flipped homes made up 6.8% of Q3 2025 home sales, with profits at $60,000 and ROI at 23.1%.
Profit and ROI from house flipping decreased for six consecutive quarters by Q3 2025.
Pennsylvania's Q3 2025 house flips led ROI at 67%, down from 88% the previous year.

House flipping has become increasingly popular over the past few years, although interest may be starting to wane.

Out of all home sales in 2025, 7.4% were flips. That’s down from 7.6% in 2024 and 8.1% in 2023, according to ATTOM Data.

There’s still plenty of money to be made in home flipping, although profit dropped in 2025 to $65,981 from $77,000 a year prior. Return on investment (ROI) fell to 25.5%, the lowest ROI since 2007, from 32.1% in 2024.

Thinking about getting into the fix-and-flip game? Want guidance on which markets to target? Read on for more essential home flipping statistics.

Nationwide house-flipping stats: Return on investment, flipping rates, and more

House flips as a percentage of all home sales

In 2025, 297,045 single-family homes and condos were flipped, 7.4% of all home sales that year, according to ATTOM Data.

The overall number of homes flipped declined by roughly 12 thousand from the previous year.

The number and percentage of home purchases that ended up being flipped peaked in 2022, when 8.7% of all home sales that year, over 454 thousand, were flips.

House-flipping gross profit and return on investment

The average ROI for house flipping in 2025 was 25.5%, and the average gross profit that quarter was $65,981, according to ATTOM Data. The average ROI for house flipping is at its lowest since 2007. ROI fell 6.6 percentage points from the previous year, and gross profit was $11,019 less.

Although popular, house flipping has become less profitable over the past several years. In 2016, it achieved an average ROI of 54% and a gross profit of $65,000.

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Elevated median home prices, as well as more expensive materials and labor, are at least partially responsible for declining returns on investment.

About 62% of houses bought to flip were purchased entirely with cash in 2025, down by roughly 1 percentage point from the previous year.

Investors are still mostly opting to buy, fix, and flip homes with cash, even as the housing market has become less competitive than it was during the pandemic. Sellers typically prefer cash offers, particularly banks and lenders with distressed properties to sell.

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Home-flipping returns by state

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Homes flipped in Pennsylvania generated the largest ROI in 2025, providing a 73% average return, according to ATTOM Data. While significant, that’s down from a year ago, when houses flipped in the state had an average return of 87%.

One other state had an average house flipping ROI of over 60%: Maryland, at 71%. In 2021, eight states had average returns on house flipping of more than 60%.

In terms of gross profit, flips in Washington, DC, generated the most cash on average, at $166,541. That’s down about $15,000 from a year ago.

Fix-and-flippers in Montana had it the worst in 2025; house flipping there netted investors a 1.2% average ROI which came to a $4,750 gain.

The ROI for house flipping in 2025 grew in 10 states year-over year. These are the states that saw the largest increase in ROI:

Vermont: 47.9% gross flipping ROI in 2025 compared to 24.7% ROI in 2024.
Hawaii: 16.9% ROI from 11.3%
Alabama: 50.2% ROI from 45.7%
Iowa: 48.9% ROI from 45.5%
West Virginia: 53.2% ROI from 51.8

The states that saw the largest drop in ROI in 2025 compared to 2024 were:

Delaware: 36.3% gross flipping ROI in 2025 compared to 80.1% in 2024.
Kentucky: 47.8% ROI from 66.7%
Oklahoma: 37.9% ROI from 56%
Maine: 21.2% ROI from 36.3%
Arkansas: 42.9% ROI from 57.7%

The best and worst markets for house flipping

Lake Charles, Louisiana, boasts the best returns for house flippers, netting them an average of 146.2% back on their investments in 2025.

The best market by gross profit is the San Jose-Sunnyvale-Santa Clara, California metro area, where flippers made an average of $224,500.

The worst market for house flipping is College Station-Bryan, Texas. The average ROI was -0.5% and the average gross loss was -$1,505.

These are the best and worst markets for house flipping by gross return on investment in 2025.

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Best markets for house flipping by ROI

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Data source: ATTOM Data (2026).
Market	2025 Flipping Gross Profit	2025 Gross ROI
San Jose-Sunnyvale-Santa Clara, CA	$ 224,500	16.3%
San Francisco-Oakland-Hayward, CA	$ 200,000	22.2%
New York-Newark-Jersey City, NY-NJ-PA	$ 175,000	36.8%
Bremerton-Silverdale, WA	$ 172,500	55.2%
Washington-Arlington-Alexandria, DC-VA-MD-WV	$ 161,616	44.3%
Barnstable Town, MA	$ 161,000	33.3%
San Diego-Carlsbad, CA	$ 154,844	19.3%
Santa Cruz-Watsonville, CA	$ 154,100	18.5%
Vallejo-Fairfield, CA	$ 149,500

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Worst markets for house flipping by ROI

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Data source: ATTOM Data (2026).
Market	2025 Flipping Gross Profit	2025 Gross ROI
College Station-Bryan, TX	$(1,505)	-0.5%
Killeen-Temple, TX	$6,808	3.1%
Binghamton, NY	$10,500	6.2%
San Antonio-New Braunfels, TX	$11,054	4.4%
Warner Robins, GA	$11,462	4.7%
Austin-Round Rock, TX	$12,383	2.9%
El Paso, TX	$13,641	6.2%
Bend-Redmond, OR	$13,945	2.3%
Brownsville-Harlingen, TX	$14,355

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The bottom line for investing in house flipping

House flipping is not generating the same return on investment as in years past, but gross profit has shown promising signs. House prices were growing faster than the value of flipped homes for a number of years, which has cut into returns.

Inflation, stubbornly high mortgage rates, and other economic headwinds challenged homebuyers in recent years, as well as home flippers who were looking to resell. Still, house flipping remains popular, and there are lucrative markets to tap into.

Statistics aren't everything, but they can provide a good idea of what sort of competition house flippers face and in which markets to focus investments. They also offer a baseline to set expectations for profits and ROI.

The bottom line is that the capital costs of house flipping remain high, while returns have shrunk.

Thankfully, there’s more than one way to invest in real estate, including residential real estate. Real estate investment trusts, or REITs, are among the most accessible ways for anyone to gain exposure to real estate without having to oversee a construction project and put a sizable amount of cash on the line.

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Sources

ATTOM Data (2026). “Home Flipping Profits Lowest Since Great Recession.”

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FAQs

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About the Author

Jack Caporal is the Research Director for The Motley Fool and Motley Fool Money. Jack leads efforts to identify and analyze trends shaping investing and personal financial decisions across the United States. His research has appeared in thousands of media outlets including Harvard Business Review, The New York Times, Bloomberg, and CNBC, and has been cited in congressional testimony. He previously covered business and economic trends as a reporter and policy analyst in Washington, D.C. He serves as Chair of the Trade Policy Committee at the World Trade Center in Denver, Colorado. He holds a B.A. degree in International Relations with a concentration in International Economics from Michigan State University.

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