According to ATTOM Data’s Q1 U.S. Home Flipping Report, the nationwide flipping rate fell to its lowest level since 2000, with just 32,526 single-family homes and condominiums flipped, representing only 2.7% of all home sales. In addition, their reported noted that as flipping dropped, both profits and profit margins declined as well. However, they did a “deep dive” into the numbers and found those areas (by zip code) that nearly doubled in quarterly increases in home-flipping rates in Q1 2021.
The top 10 zip codes were:
- 48239 – Redford, Michigan (up 99.9%)
- 48174 – Romulus, Michigan (up 99.7%
- 47201 – Columbus, Indiana (up 98.7%)
- 65616 – Branson, Missouri (up 97.5%)
- 47933 – Crawfordsville, Indiana (up 96.9%)
- 46835 – Fort Wayne, Indiana (up 96%)
- 81435 – Telluride, Colorado (up 95.4%)
- 23505 – Norfolk, Virginia (up 94.8%)
- 83814 – Coeur D Alene, Idaho (up 94.3%)
- 06450 – Meriden, Connecticut (up 93.9%)
Click here to read the full report at ATTOMdata.com.
