Housing market: 20 metro areas with the most flipped homes
The art of house-flipping is on the rise thanks to the popularity of reality TV shows like HGTV’s Flip or Flop.
If you’re handy with a toolbelt and don’t mind weeks of manual labor, you might be thinking, I can do that. Before you blow your life savings on buying that fixer-upper, though, it might help to know where people are flipping — and, more importantly, buying — homes in 2017.
Thanks to a recent study by ATTOM Data Solutions, we’ve compiled a list of the top 20 US metro areas with the most flipped homes in Q2 of 2017 and listed them by county data, so you can plan your project accordingly.
1. Phoenix
County: Maricopa
Metro area: Phoenix-Mesa-Scottsdale, Ariz.
No. of homes flipped: 2,116
Average flipping profit: $54,787
2. Los Angeles
County: Los Angeles
Metro area: Los Angeles-Long Beach-Anaheim, Calif.
No. of homes flipped: 1,404
Average flipping profit: $135,000
3. Las Vegas
County: Clark
Metro area: Las Vegas-Henderson-Paradise, Nev.
No. of homes flipped: 1,207
Average flipping profit: $55,600
4. Chicago
County: Cook
Metro area: Chicago-Naperville-Elgin, Ill.-Ind.-Wisc.
No. of homes flipped: 922
Average flipping profit: $95,000
5. Fort Lauderdale
County: Broward
Metro area: Miami-Fort Lauderdale-West Palm Beach, Fla.
No. of homes flipped: 863
Average flipping profit: $75,000
6. Miami
County: Miami-Dade
Metro area: Miami-Fort Lauderdale-West Palm Beach, Fla.
No. of homes flipped: 794
Average flipping profit: $80,000
7. Palm Beach, Fla.
County: Palm Beach
Metro area: Miami-Fort Lauderdale-West Palm Beach, Fla.
No. of homes flipped: 681
Average flipping profit: $69,200
8. Tampa
County: Pinellas
Metro area: Tampa-St. Petersburg-Clearwater, Fla.
No. of homes flipped: 642
Average flipping profit: $69,900
9. Riverside, Calif.
County: Riverside
Metro area: Riverside-San Bernardino-Ontario, Calif.
No. of homes flipped: 631
Average flipping profit: $75,500
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10. San Diego
County: San Diego
Metro area: San Diego-Carlsbad, Calif.
No. of homes flipped: 604
Average flipping profit: $85,000
11. Clearwater, Fla.
County: Hillsborough
Metro area: Tampa-St. Petersburg-Clearwater, Fla.
No. of homes flipped: 604
Average flipping profit: $60,000
12. Ontario, Calif.
County: San Bernardino
Metro area: Riverside-San Bernardino-Ontario, Calif.
No. of homes flipped: 551
Average flipping profit: $75,500
13. Houston
County: Harris
Metro area: Houston-The Woodlands-Sugar Land, Texas
No. of homes flipped: 546
Average flipping profit: $48,888
14. Orlando
County: Orange
Metro area: Orlando-Kissimmee-Sanford, Fla.
No. of homes flipped: 528
Average flipping profit: $64,000
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15. St. Louis
County: Saint Louis
Metro area: St. Louis, Mo.-Ill.
No. of homes flipped: 526
Average flipping profit: $47,000
16. Philadelphia
County: Philadelphia
Metro area: Philadelphia-Camden-Wilmington, Penn.-N.J.-Del.-Md.
No. of homes flipped: 521
Average flipping profit: $78,046
17. Dallas
County: Dallas
Metro area: Dallas-Fort Worth-Arlington, Texas
No. of homes flipped: 505
Average flipping profit: $59,133
18. Memphis, Tenn.
County: Shelby
Metro area: Memphis, Tenn.-Miss.-Ark.
No. of homes flipped: 487
Average flipping profit: $41,500
19. Arlington, Texas
County: Tarrant
Metro area: Dallas-Fort Worth-Arlington, Texas
No. of homes flipped: 444
Average flipping profit: $46,161
20. Detroit
County: Wayne
Metro area: Detroit-Warren-Dearborn, Mich.
No. of homes flipped: 442
Average flipping profit: $37,500
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This article originally appeared on Credit.com.