C-Suite Advisory

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%

Track Latest News Live on CEOWORLD magazine and get news updates from the United States and around the world. The views expressed are those of the author and are not necessarily those of the CEOWORLD magazine. Follow CEOWORLD magazine on Twitter and Facebook. For media queries, please contact: info@ceoworld.biz

Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is chief executive and editorial director of The CEOWORLD magazine, overseeing the organization’s news and features departments.

Under Dr. Amarendra's leadership, The CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders every day.

Dr. Amarendra holds a Ph.D. in Finance and Banking from the European Global School in France; a Doctoral Degree in Chartered Accountancy from the European International University Paris; and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine.

He earned his Master of Business Administration degree in Finance and his Master's Degree In Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States. Prof. Dr. Amarendra Bhushan Dhiraj is a macro-economist and visiting professor at Kyiv National University of Technologies and Design (KNUTD), Ukraine.

You can follow Prof. Dr. Amarendra Bhushan Dhiraj on Twitter, Facebook, and LinkedIn.