Homes flipped in Maryland generated the largest ROI in the second quarter of 2025, providing a 75% 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 78.6%.
Washington, D.C. and three other states had an average house flipping ROI of over 60%: Pennsylvania, Vermont, and Louisiana. In 2021, eight states had average returns on house flipping of more than 60%.
In terms of gross profit, flips in Washington, D.C., brought in the most cash on average, or $250,000. That’s up about $50,000 from a year ago.
Fix-and-flippers in Montana had it the worst in the second quarter of 2025; house flipping there netted investors a -1.4% average ROI which came to a $6,577 loss. Montana was the only state to have a negative average house flipping ROI that quarter.
The ROI for house flipping in the second quarter of 2025 grew in 11 states year-over year. These are the states that saw the largest increase in ROI:
- Vermont: 70% gross flipping ROI in the second quarter of 2025 compared to12% ROI in the second quarter of 2024.
- Washington, DC: 62.5% from 44%
- Alabama: 55% from 40.5%
- West Virginia: 43.8% from 36.2%
- Arkansas: 42.4% from 37.7%
The states that saw the largest drop in ROI from the second quarter of 2024 to the second quarter of 2025:
- Delaware: 27.3% gross flipping ROI in the second quarter of 2025 compared to 100% in the second quarter of 2024.
- Tennessee: 43.8% ROI from 64.7%
- Kentucky: 48.3% ROI from 65.7%
- North Carolina: 20% ROI from 37.1%
- Oklahoma: 33.3% ROI from 49.9%
The best and worst markets for house flipping
Pittsburgh boasts the best returns for house flippers, netting them an average of 106.8% back on their investments in the second quarter of 2025.
The best market by gross profit is the San Francisco-Oakland-Hayward metro area, where flippers made an average of $263,750.
The worst market for house flipping is Lubbock, Texas. The average ROI was -4.1% and profits were -$9,431. Two other metro areas had negative house flipping returns, Hilton Head Island-Bluffton-Beaufort in South Carolina, and Warner Robins in Georgia.
These are the best and worst markets for house flipping by gross return on investment in the second quarter of 2025.
