Greensboro Ranked Among The Top 10 Best Places to Flip Houses in America

By
Scott Jensen
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456

With house flippers earning an average gross profit of $60,000 in Q1 2019, the personal-finance website WalletHub today released its report on 2019’s Best Places to Flip Houses.

To help serious real-estate investors find the best markets to list their flipped properties, the company compared more than 170 U.S. cities across 29 key metrics. The data set ranges from median purchase price to average full home remodeling costs to housing-market health index.

According to the report, Greensboro ranked among the top 10 in the nation at #8, ahead of Boise, ID (#9) and Las Cruces, NM (#10) and just behind Fort Smith, AR (#7) and Tampa, FL (#6).

Charlotte was ranked in the top half of cities at #64, just ahead of Fort Worth and Plano Texas (#66 and #65) and just behind Winston Salem, Meza, AZ, and Denver, CO (#63, #62, and #61)

Best & Worst Cities to Flip Houses

Overall Rank (1 = Best) City Total Score ‘Market Potential’ Rank ‘Renovation & Remodeling Costs’ Rank ‘Quality of Life’ Rank
1 Sioux Falls, SD 72.69 78 9 26
2 Missoula, MT 72.05 2 34 23
3 Rapid City, SD 67.67 62 11 96
4 Billings, MT 67.17 5 30 79
5 Peoria, AZ 67.17 88 7 11
6 Tampa, FL 66.63 21 25 42
7 Fort Smith, AR 65.98 133 1 131
8 Greensboro, NC 65.84 14 12 97
9 Las Cruces, NM 65.58 119 6 129
10 Boise, ID 65.40 135 8 19
11 Henderson, NV 65.28 58 41 12
12 Columbia, SC 65.11 8 14 122
13 Mobile, AL 65.02 1 23 158
14 Gilbert, AZ 64.54 73 69 2
15 Knoxville, TN 64.54 11 13 123
16 Fort Wayne, IN 64.00 23 19 105
17 Chandler, AZ 63.89 65 47 14
18 Charleston, SC 63.76 26 66 18
19 Overland Park, KS 63.24 86 82 1
20 Nampa, ID 62.90 159 2 67
21 Little Rock, AR 62.86 36 5 135
22 Laredo, TX 62.86 169 40 69
23 Des Moines, IA 62.63 95 4 84
24 Oklahoma City, OK 62.59 47 18 90
25 Cape Coral, FL 62.57 27 78 15
26 Nashville, TN 62.34 66 16 76
27 Pembroke Pines, FL 62.04 50 72 13
28 Las Vegas, NV 61.99 46 33 61
29 Orlando, FL 61.52 49 29 78
30 Jackson, MS 61.03 127 3 168
31 Virginia Beach, VA 60.91 43 79 20
32 El Paso, TX 60.50 149 17 65
33 Spokane, WA 60.41 12 54 126
34 Tempe, AZ 60.35 48 55 57
35 Glendale, AZ 60.34 74 20 108
36 Colorado Springs, CO 60.32 81 49 41
37 Shreveport, LA 60.24 6 10 170
38 Grand Rapids, MI 60.02 106 37 37
39 Phoenix, AZ 59.98 79 26 91
40 Huntsville, AL 59.91 20 58 109
41 Tallahassee, FL 59.80 40 39 112
42 Lincoln, NE 59.62 94 53 31
43 Columbus, OH 59.53 42 61 72
44 Raleigh, NC 59.37 103 52 25
45 North Las Vegas, NV 59.10 61 36 103
46 Cedar Rapids, IA 58.82 93 32 100
47 Montgomery, AL 58.73 16 28 159
48 Scottsdale, AZ 58.66 71 113 5
49 West Valley City, UT 58.58 120 31 86
50 Jacksonville, FL 58.46 29 74 92
51 Tulsa, OK 58.38 56 22 143
52 Lexington-Fayette, KY 58.28 52 83 80
53 Reno, NV 58.11 99 68 27
54 Durham, NC 58.08 33 77 81
55 Charleston, WV 57.97 90 51 134
56 Austin, TX 57.81 157 80 17
57 Tucson, AZ 57.77 69 21 141
58 Akron, OH 57.58 22 56 145
59 San Antonio, TX 57.56 144 27 98
60 Salem, OR 57.53 37 87 49
61 Denver, CO 57.53 112 67 29
62 Mesa, AZ 57.50 80 81 39
63 Winston-Salem, NC 57.47 35 59 127
64 Charlotte, NC 56.89 55 85 50
65 Plano, TX 56.76 104 118 4
66 Fort Worth, TX 56.72 141 57 47
66 Columbus, GA 56.72 3 70 166
68 Memphis, TN 56.71 4 43 171
69 New Orleans, LA 56.61 45 48 140
70 St. Petersburg, FL 56.52 44 91 60
71 Augusta, GA 56.51 31 46 163
72 Omaha, NE 56.49 92 84 36
73 Modesto, CA 56.18 82 60 102
74 Indianapolis, IN 55.93 57 42 148
75 Salt Lake City, UT 55.69 110 75 51
76 Kansas City, MO 55.64 134 45 113
77 Cincinnati, OH 55.61 24 92 110
78 Columbia, MD 55.59 15 117 58
79 Grand Prairie, TX 55.52 140 71 33
80 Fort Lauderdale, FL 55.50 60 65 121
81 Louisville, KY 55.46 76 62 115
82 Port St. Lucie, FL 55.42 70 99 32
83 Arlington, TX 55.42 136 44 99
84 Springfield, MO 55.32 137 15 154
85 Portland, ME 55.19 32 119 34
86 Buffalo, NY 54.93 10 104 114
87 Baton Rouge, LA 54.91 13 64 162
88 Rancho Cucamonga, CA 54.69 116 106 9
89 Fayetteville, NC 54.57 102 38 161
90 Chesapeake, VA 54.52 75 89 63
91 Hialeah, FL 54.32 53 94 87
92 Birmingham, AL 54.03 7 101 144
93 Aurora, CO 53.86 125 76 66
94 Wichita, KS 53.70 154 24 147
95 Pittsburgh, PA 53.66 34 125 46
96 Corpus Christi, TX 53.33 129 62 130
97 Lubbock, TX 53.27 170 50 117
98 Albuquerque, NM 52.86 165 35 136
99 Miami, FL 52.79 89 98 70
100 Amarillo, TX 52.77 171 100 88
101 Toledo, OH 52.25 39 73 155
102 Sacramento, CA 52.22 122 93 54
103 Richmond, VA 52.12 38 109 116
104 Irvine, CA 51.94 121 143 3
105 Washington, DC 51.58 77 115 75
106 Tacoma, WA 51.55 41 97 139
107 Norfolk, VA 51.10 63 90 132
108 St. Paul, MN 51.05 107 108 52
109 Garland, TX 50.47 147 96 82
110 Warwick, RI 50.46 84 121 53
111 Santa Clarita, CA 50.19 164 128 8
112 Chattanooga, TN 49.66 17 134 125
113 Madison, WI 49.49 160 120 24
114 Baltimore, MD 49.43 18 103 164
115 Cleveland, OH 49.08 18 107 165
116 Huntington, WV 48.89 91 88 160
117 Seattle, WA 48.85 83 150 22
118 Philadelphia, PA 48.82 30 130 133
119 Anchorage, AK 48.73 166 105 128
120 Fresno, CA 48.68 85 116 119
121 Vancouver, WA 48.47 64 129 104
122 Ontario, CA 48.44 123 112 85
123 Riverside, CA 48.41 130 122 64
124 Rochester, NY 48.23 67 95 157
125 Irving, TX 48.08 148 123 59
126 Minneapolis, MN 47.74 101 135 62
127 Newport News, VA 47.64 59 114 149
128 Milwaukee, WI 47.60 54 111 151
129 Detroit, MI 47.55 51 86 169
130 San Diego, CA 47.23 138 146 16
131 Portland, OR 46.77 108 144 44
132 Garden Grove, CA 46.69 158 132 35
133 Dallas, TX 46.51 126 131 93
134 Chula Vista, CA 46.31 139 145 30
135 Dover, DE 45.86 109 139 77
136 Oceanside, CA 45.78 132 141 45
137 Fontana, CA 45.73 152 138 48
138 Huntington Beach, CA 45.70 145 158 7
139 Nashua, NH 45.55 114 142 56
140 Providence, RI 45.30 97 110 152
141 Manchester, NH 45.29 115 126 124
142 Anaheim, CA 45.10 156 136 71
143 Stockton, CA 45.03 87 124 146
144 Houston, TX 44.85 168 102 138
145 Atlanta, GA 44.58 28 162 95
146 Honolulu, HI 44.23 143 155 38
147 Moreno Valley, CA 44.11 131 133 107
148 San Jose, CA 44.07 96 167 10
149 Santa Rosa, CA 43.99 98 159 43
150 Glendale, CA 43.99 146 148 40
151 Santa Ana, CA 43.97 161 137 89
152 St. Louis, MO 43.95 25 156 142
153 Long Beach, CA 43.80 155 140 83
154 Bakersfield, CA 43.78 68 149 118
155 Aurora, IL 43.58 128 147 68
156 Pearl City, HI 43.42 100 151 28
157 Fremont, CA 41.87 150 170 6
158 Chicago, IL 41.77 117 152 111
159 Worcester, MA 41.55 72 153 137
160 San Bernardino, CA 41.40 124 127 156
161 Jersey City, NJ 38.58 105 165 73
162 Oxnard, CA 38.56 142 157 120
163 Los Angeles, CA 38.45 163 160 101
164 New York, NY 37.79 113 169 74
165 New Haven, CT 37.47 118 154 153
166 Boston, MA 37.46 151 168 55
167 Wilmington, DE 36.98 9 163 172
168 San Francisco, CA 35.30 167 172 21
169 Oakland, CA 34.64 162 166 106
170 Newark, NJ 33.57 111 164 150
171 Yonkers, NY 33.07 153 171 94
172 Bridgeport, CT 30.33 172 161 167

 

One of the factors that really hurt Charlotte is our lack of parks. The report even determined that we had the second lowest % population with walk-able park access in America;

You can read the full report here.

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