5 Best Cities for House Flipping in 2024

US Flag

House flipping remains one of the most profitable real estate investment strategies, and choosing the right city is crucial for maximizing returns. In 2024, several cities stand out as hotspots for house flipping due to their high number of distressed properties, strong financing options, and high demand for renovated homes.

Here are the five best cities for house flipping in 2024:

1. Cincinnati, Ohio

Cincinnati is an excellent city for house flipping due to its large inventory of distressed properties. Many homes in the area are older and in need of substantial renovations, which creates ample opportunities for investors. The city’s affordability and growing demand for updated, move-in-ready homes make it a prime location for real estate investors looking to flip properties.

What makes Cincinnati particularly attractive is that it boasts the highest approval percentage with Ohio fix and flip lenders. This high approval rate allows investors to secure financing more easily, enabling them to purchase and renovate homes with confidence. Additionally, many flipped homes in Cincinnati tend to sell above the list price due to competitive buyer demand, making it a top city for profitable house flipping in 2024.

2. Oklahoma City, Oklahoma

Oklahoma City offers a combination of affordable housing, steady economic growth, and a high volume of distressed properties, making it a solid market for house flipping. Many of the city’s older homes are prime candidates for renovation, allowing investors to add value and generate high returns. Oklahoma City’s diverse economy continues to draw in new residents, which increases the demand for housing, particularly for renovated homes.

The financing environment is also favorable for house flippers. Oklahoma City has the highest approval percentage for fix-and-flip financing in Oklahoma, making it easier for investors to secure the funds necessary for their projects. With homes often selling above list price due to high demand, Oklahoma City is a prime location for flipping in 2024.

3. Atlanta, Georgia

Atlanta has long been a hotspot for real estate investment, and 2024 will be no exception. The city offers a large number of distressed properties, particularly in its older neighborhoods, where many homes are in need of extensive renovations. Flippers can take advantage of these opportunities, as the city’s growing population and thriving job market create a constant demand for affordable, updated homes.

One of the key advantages of flipping in Atlanta is its favorable financing options. Atlanta boasts the highest approval percentage for fix and flip financing in Georgia, making it easier for investors to secure funding. As a result, house flippers in Atlanta can expect to find excellent opportunities for high returns, with many properties selling over list price due to the city’s competitive real estate market.

4. Indianapolis, Indiana

Indianapolis is an attractive market for house flipping due to its affordability and growing population. The city is known for its abundance of distressed properties, many of which are older homes that require significant updates. These properties offer flippers the chance to add substantial value through renovations and sell the homes at a higher price point.

The Indianapolis housing market is also competitive, with buyers increasingly seeking updated homes that are move-in ready. This demand pushes sale prices above the list price for many flipped properties, creating profitable opportunities for investors. Indianapolis’ favorable economic conditions and steady population growth further enhance its appeal for house flippers in 2024.

5. Jacksonville, Florida

Jacksonville is one of the best cities for house flipping, largely due to its exposure to natural disasters such as hurricanes, which often leave behind distressed properties. These homes, once repaired and renovated, can be sold at a premium, making Jacksonville a highly profitable market for house flippers. The city’s population continues to grow, fueled by its strong job market, which boosts demand for updated homes.

Investors in Jacksonville benefit from the city’s competitive real estate market, where flipped homes often sell above list price due to high demand. The combination of affordable distressed properties and a fast-moving housing market makes Jacksonville a top choice for house flippers looking for profitable opportunities in 2024.

Final Thoughts

House flipping remains a lucrative venture, and choosing the right city is essential for maximizing your investment. In 2024, Cincinnati, Oklahoma City, Atlanta, Indianapolis, and Jacksonville stand out as the best cities for house flipping. These cities offer a high number of distressed properties, favorable financing options, and strong demand for renovated homes, often resulting in sales over list price. For real estate investors, these markets present excellent opportunities to succeed in the upcoming year.

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Planning disputes on new build land
Estate Agent Talk

Planning consultations for major infrastructure to be streamlined

Robert Bruce, a planning and infrastructure partner at law firm Freeths LLP, said he: “Welcomed the change as a significant step to speeding up the DCO process and the focus on the quality and effectiveness of the consultation, rather than box ticking and a risk averse approach to pre-application consultation due to the current legal…
Read More
Breaking News

‘The property ladder pulls further away’ warns Open Property Group

For many first-time buyers across England, the dream of homeownership continues to slip further out of reach. Despite rising wages, soaring house prices are making it harder than ever to get on the property ladder. A leading UK professional house buying company ‘Open Property Group’ based in Buckinghamshire UK, has raised concerns over the ongoing…
Read More
Estate Agent Talk

How Long It Takes to Buy a House in the UK: 5 Common Delays That Can Slow Down Your Home Purchase

Wondering how long it takes to buy a house in the UK? The average timeline ranges from 8 to 22 weeks, but even that can stretch significantly due to unexpected delays, especially if you’re a first-time buyer or caught in a chain. That’s why working with experienced professionals like Belvoir — one of the UK’s…
Read More
Love or Hate Rightmove
Breaking News

Rightmove to host Renters’ Rights Bill webinar with Guild of Lettings

Rightmove is hosting a live and interactive webinar session with the Guild of Lettings to help agents get Renters’ Rights Ready. The webinar will take place from 10:00am – 11:00am on Wednesday 23rd April. Susie Crolla, Managing Director for the Guild of Lettings, will be joining Rightmove to help agents with questions they may have about…
Read More
Breaking News

Mortgage completions surged 50 per cent in March amid race to avoid higher stamp duty

March saw highest volume of mortgage completions recorded since September 2021 Homebuyers report now needing an additional £13,530 on top of the property price to cover taxes and fees Three in four have seen housing costs rise, up £126 on average per month Renters’ confidence in their ability to purchase a property within five years…
Read More
Love or Hate Rightmove
Breaking News

Average two-year fixed mortgage rate for 60% LTV now cheaper than five-year rate

The average two-year fixed mortgage rate for those with a 40% deposit (60% LTV) is now cheaper than the average five-year fixed equivalent, the first time this has happened since the mini-Budget The average two-year fixed, 60% LTV mortgage rate is now 4.18%, while the five-year equivalent is 4.19% The gap between average two-year fixed…
Read More