America’s Top 10 Best States To Make Money Flipping Houses In 2018

So, if you’re looking to make a substantial return on your house by flipping it, Tennessee takes the No. 1 spot this year, that’s according to GOBankingRates. Even though average profit is only $57,600, Tennessee tops the list of best states to make money by flipping houses in large part because it has the 3rd-shortest turnover time at just 147 days. Plus, it has an impressive 132.7% ROI, the 4th highest nationwide.

The study evaluates average house listing price, the average number of days it takes to flip a house, average gross profit on flipping, and average gross return on investment.

Based on those metrics, here’s a look at the ten best states to make money by flipping houses:

10. Kentucky
Average house listing price: $213,848
Average time to flip: 172 days
Average profit: $55,241
Average ROI: 107.8%

9. Illinois
Average house listing price: $277,163
Average time to flip: 196 days
Average profit: $77,317
Average ROI: 110%

8. Florida
Average house listing price: $406,803
Average time to flip: 151 days
Average profit: $59,917
Average ROI: 83%

7. Virginia
Average house listing price: $341,015
Average time to flip: 184 days
Average profit: $91,783
Average ROI: 99.3%

6. Maryland
Average house listing price: $369,454
Average time to flip: 198 days
Average profit: $109,617
Average ROI: 109.6%

5. Colorado
Average house listing price: $538,477
Average time to flip: 176 days
Average profit: $74,300
Average ROI: 155.6%

4. Louisiana
Average house listing price: $232,610
Average time to flip: 166 days
Average profit: $71,866
Average ROI: 104.2%

3. New Jersey
Average house listing price: $372,916
Average time to flip: 207 days
Average profit: $102,300
Average ROI: 141.6%

2. Pennsylvania
Average house listing price: $224,090
Average time to flip: 199 days
Average profit: $105,190
Average ROI: 162.4%

1. Tennessee
Average house listing price: $268,692
Average time to flip: 147 days
Average profit: $57,600
Average ROI: 132.7%