U.S. Home Flipping Trends by State – Q1 2026
What is the Current Home Flipping Rate in the U.S.?
In the first quarter of 2026, home flipping activity remained below prior-year levels while investor profit margins improved modestly.
- Total flips: 64,348 single-family homes and condos flipped
- Quarter-over-Quarter trend: Down from 69,711 flipped homes in Q4 2025
- Year-over-Year trend: Down from 70,579 flipped homes in Q1 2025
- Share of all sales: 8.0% of total home sales from January through March
- Quarter-over-quarter trend: Up from 7.2% in Q4 2025
- Year-over-year change: Down from 8.2% in Q1 2025
Top flipping markets: Georgia led the nation in flipping rate, followed by Ohio, Texas, and Missouri.
Home Flipping Profits and Price Trends
- National ROI: 25.4% gross return (up from 24.7% in Q4 2025)
- National gross profit: $66,000 (up from $64,300 in Q4 2025)
- Median flip days: 165 days from purchase to resale (up from 160 in Q4 2025)
- Financing share: 38.9% of flipped homes were purchased with financing (up from 38.6% in Q4 2025)
Summary: Investor returns improved in Q1 2026 following several quarters of decline, although both profit margins and gross profits remained below year-ago levels
What’s Driving Q1 2026 Flipping Trends?
Home flipping trends in the first quarter of 2026 reflect a modest rebound in profitability after several quarters of declining returns. While overall flipping activity declined compared to both the previous quarter and the same time last year, profit margins increased, suggesting that investors are adjusting acquisition pricing or cost structures. However, returns remain below levels seen one year earlier and market performance continues to vary widely across locations.
Flipping Rates by State – Q1 2026
A state-by-state look at investor activity, profits, and ROI across the U.S. in the first quarter of 2026.
1. Georgia
3,838 home flips (11.1% flipping rate)
Gross Flipping Profit: $55,999 – up from $50,193 year ago
Gross Flipping ROI: 23.7% – up from 18.8% year ago
2. Ohio
4,115 home flips (10.8% flipping rate)
Gross Flipping Profit: $54,710 – down from $72,976 year ago
Gross Flipping ROI: 35.2% – down from 53.3% year ago
3. Texas
6,367 home flips (9.9% flipping rate)
Gross Flipping Profit: $15,965 – up from $13,472 year ago
Gross Flipping ROI: 5.6% – up from 4.9% year ago
4. Missouri
1,404 home flips (9.6% flipping rate)
Gross Flipping Profit: $39,838 – down from $40,261 year ago
Gross Flipping ROI: 17.7% – down from 21.0% year ago
5. Utah
878 home flips (9.3% flipping rate)
Gross Flipping Profit: $27,588 – down from $33,142 year ago
Gross Flipping ROI: 5.6% – down from 7.0% year ago
6. Delaware
291 home flips (9.1% flipping rate)
Gross Flipping Profit: $97,461 – down from $134,950 year ago
Gross Flipping ROI: 36.4% – down from 54.0% year ago
7. Arizona
2,635 home flips (8.9% flipping rate)
Gross Flipping Profit: $65,708 – up from $54,200 year ago
Gross Flipping ROI: 18.8% – up from 15.5% year ago
8. Colorado
1,461 home flips (8.8% flipping rate)
Gross Flipping Profit: $83,174 – up from $75,000 year ago
Gross Flipping ROI: 20.0% – up from 17.6% year ago
9. Alabama
980 home flips (8.8% flipping rate)
Gross Flipping Profit: $66,250 – up from $65,100 year ago
Gross Flipping ROI: 49.5% – down from 52.1% year ago
10. Tennessee
1,781 home flips (8.7% flipping rate)
Gross Flipping Profit: $91,232 – down from $114,900 year ago
Gross Flipping ROI: 49.6% – down from 73.7% year ago
11. Nevada
1,020 home flips (8.6% flipping rate)
Gross Flipping Profit: $86,403 – up from $76,300 year ago
Gross Flipping ROI: 24.5% – up from 21.0% year ago
12. South Carolina
1,428 home flips (8.5% flipping rate)
Gross Flipping Profit: $66,647 – up from $65,210 year ago
Gross Flipping ROI: 33.1% – up from 32.3% year ago
13. California
5,774 home flips (8.5% flipping rate)
Gross Flipping Profit: $124,437 – up from $124,000 year ago
Gross Flipping ROI: 19.5% – down from 19.8% year ago
14. North Carolina
2,427 home flips (8.3% flipping rate)
Gross Flipping Profit: $57,000 – down from $80,000 year ago
Gross Flipping ROI: 25.0% – down from 36.4% year ago
15. New Jersey
1,595 home flips (8.2% flipping rate)
Gross Flipping Profit: $147,250 – up from $145,000 year ago
Gross Flipping ROI: 44.9% – down from 45.3% year ago
16. Wisconsin
1,098 home flips (8.0% flipping rate)
Gross Flipping Profit: $63,312 – down from $74,000 year ago
Gross Flipping ROI: 30.8% – down from 39.8% year ago
17. Nebraska
330 home flips (8.0% flipping rate)
Gross Flipping Profit: $75,000 – down from $86,500 year ago
Gross Flipping ROI: 39.5% – down from 50.1% year ago
18. Virginia
1,550 home flips (7.9% flipping rate)
Gross Flipping Profit: $115,400 – down from $135,000 year ago
Gross Flipping ROI: 50.3% – down from 64.3% year ago
19. Indiana
2,137 home flips (7.8% flipping rate)
Gross Flipping Profit: $70,347 – down from $72,060 year ago
Gross Flipping ROI: 46.4% – down from 50.9% year ago
20. Rhode Island
170 home flips (7.6% flipping rate)
Gross Flipping Profit: $97,450 – up from $90,000 year ago
Gross Flipping ROI: 23.8% – down from 24.0% year ago
21. Kansas
349 home flips (7.6% flipping rate)
Gross Flipping Profit: $30,366 – down from $39,735 year ago
Gross Flipping ROI: 10.9% – down from 17.4% year ago
22. Maryland
1,160 home flips (7.5% flipping rate)
Gross Flipping Profit: $134,500 – down from $189,900 year ago
Gross Flipping ROI: 56.0% – down from 90.4% year ago
23. Kentucky
636 home flips (7.5% flipping rate)
Gross Flipping Profit: $68,000 – down from $80,500 year ago
Gross Flipping ROI: 39.5% – down from 55.7% year ago
24. Oklahoma
723 home flips (7.3% flipping rate)
Gross Flipping Profit: $49,000 – down from $56,000 year ago
Gross Flipping ROI: 35.0% – down from 39.2% year ago
25. Michigan
1,673 home flips (7.3% flipping rate)
Gross Flipping Profit: $80,000 – up from $76,266 year ago
Gross Flipping ROI: 59.3% – down from 61.6% year ago
26. Arkansas
481 home flips (7.1% flipping rate)
Gross Flipping Profit: $53,999 – down from $75,500 year ago
Gross Flipping ROI: 35.4% – down from 60.4% year ago
27. Mississippi
225 home flips (7.1% flipping rate)
Gross Flipping Profit: $13,729 – down from $29,650 year ago
Gross Flipping ROI: 6.1% – down from 15.6% year ago
28. Maine
330 home flips (7.1% flipping rate)
Gross Flipping Profit: $50,533 – down from $68,276 year ago
Gross Flipping ROI: 15.5% – down from 22.8% year ago
29. Illinois
2,132 home flips (7.1% flipping rate)
Gross Flipping Profit: $81,500 – down from $90,000 year ago
Gross Flipping ROI: 45.9% – down from 56.3% year ago
30. Pennsylvania
1,970 home flips (7.0% flipping rate)
Gross Flipping Profit: $105,000 – down from $130,000 year ago
Gross Flipping ROI: 70.0% – down from 92.9% year ago
31. Connecticut
485 home flips (6.9% flipping rate)
Gross Flipping Profit: $107,500 – down from $125,000 year ago
Gross Flipping ROI: 40.2% – down from 52.1% year ago
32. Minnesota
823 home flips (6.8% flipping rate)
Gross Flipping Profit: $70,000 – up from $66,050 year ago
Gross Flipping ROI: 27.5% – up from 25.5% year ago
33. Massachusetts
803 home flips (6.6% flipping rate)
Gross Flipping Profit: $123,016 – down from $140,000 year ago
Gross Flipping ROI: 28.8% – down from 35.0% year ago
34. Florida
5,529 home flips (6.6% flipping rate)
Gross Flipping Profit: $75,000 – down from $77,000 year ago
Gross Flipping ROI: 28.3% – down from 28.5% year ago
35. Oregon
632 home flips (6.3% flipping rate)
Gross Flipping Profit: $71,571 – down from $80,000 year ago
Gross Flipping ROI: 17.7% – down from 20.5% year ago
36. West Virginia
139 home flips (6.1% flipping rate)
Gross Flipping Profit: $82,000 – up from $74,625 year ago
Gross Flipping ROI: 57.3% – up from 54.1% year ago
37. Louisiana
544 home flips (6.0% flipping rate)
Gross Flipping Profit: $84,661 – up from $70,000 year ago
Gross Flipping ROI: 67.7% – up from 53.8% year ago
38. New Mexico
264 home flips (6.0% flipping rate)
Gross Flipping Profit: $24,666 – up from $20,878 year ago
Gross Flipping ROI: 8.3% – up from 7.8% year ago
39. New York
1,753 home flips (5.9% flipping rate)
Gross Flipping Profit: $98,000 – down from $130,000 year ago
Gross Flipping ROI: 25.0% – down from 40.0% year ago
40. New Hampshire
181 home flips (5.6% flipping rate)
Gross Flipping Profit: $95,802 – down from $97,444 year ago
Gross Flipping ROI: 21.5% – down from 23.2% year ago
41. Idaho
256 home flips (5.6% flipping rate)
Gross Flipping Profit: $10,760 – down from $30,577 year ago
Gross Flipping ROI: 2.5% – down from 8.0% year ago
42. Iowa
341 home flips (5.3% flipping rate)
Gross Flipping Profit: $45,000 – down from $77,000 year ago
Gross Flipping ROI: 27.3% – down from 57.0% year ago
43. Washington
896 home flips (5.0% flipping rate)
Gross Flipping Profit: $117,459 – down from $135,786 year ago
Gross Flipping ROI: 28.4% – down from 32.9% year ago
44. Montana
103 home flips (4.6% flipping rate)
Gross Flipping Profit: $22,152 – up from -$23,680 year ago
Gross Flipping ROI: 5.1% – up from -5.4% year ago
45. Hawaii
217 home flips (4.5% flipping rate)
Gross Flipping Profit: $91,726 – down from $100,000 year ago
Gross Flipping ROI: 13.2% – down from 14.6% year ago
46. Vermont
67 home flips (3.7% flipping rate)
Gross Flipping Profit: $53,850 – down from $59,388 year ago
Gross Flipping ROI: 32.4% – up from 26.0% year ago
Conclusion
Investor returns from home flipping improved in the first quarter of 2026, with the typical gross ROI rising to 25.4 percent and gross profits increasing to $66,000. A total of 64,348 homes were flipped nationwide, representing 8 percent of all sales. Although flipping activity declined compared to both the previous quarter and the same period last year, improved margins suggest that investors are beginning to regain some profitability.
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