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Fix-and-Flip Statistics 2026: National and Metro Data
By Jaken Finance Group · Principal, Jaken Finance Group
Fix-and-flip volume, profit margins, ROI, and days-to-flip in 2026 — national stats plus Atlanta, Charlotte, Indy, Chicago, and Florida from ATTOM.
U.S. home flippers generated a typical gross profit of $66,000 and a 25.4% ROI in Q1 2026, according to ATTOM — with 64,348 flips accounting for 8.0% of all home sales. Activity slowed year-over-year, but margins improved for the first time in nearly two years.
Key stats at a glance
- Q1 2026 flips: 64,348 homes — ATTOM Q1 2026 Home Flipping Report (June 18, 2026)
- Flip share of all sales: 8.0% nationally — ATTOM Q1 2026
- Typical gross profit: $66,000 — ATTOM Q1 2026
- Typical gross ROI: 25.4% — ATTOM Q1 2026
- Median days to flip: 165 days — ATTOM Q1 2026
- Financing share: 38.9% of flips bought with financing — ATTOM Q1 2026
- 2025 full-year flips: 297,045 (lowest since 2020) — ATTOM 2025 year-end report (March 19, 2026)
- 2025 full-year gross ROI: 25.5% (lowest since 2008) — ATTOM 2025 year-end report
National fix-and-flip statistics
Q1 2026 (most recent quarter)
| Metric | Q1 2026 | Q4 2025 | Q1 2025 |
|---|---|---|---|
| Total flips | 64,348 | 69,711 | 70,579 |
| Share of all sales | 8.0% | 7.2% | 8.2% |
| Typical gross profit | $66,000 | $64,300 | $74,172 |
| Gross ROI | 25.4% | 24.7% | 29.6% |
| Median days to flip | 165 | 160 | — |
| Purchased with financing | 38.9% | 38.6% | — |
Source: ATTOM Q1 2026 U.S. Home Flipping Report, released June 18, 2026.
ATTOM defines a flip as any arms-length sale where a prior arms-length sale on the same property occurred within the last 12 months. Gross profit excludes rehab costs and holding expenses, which flipping veterans estimate typically run 20% to 33% of the property’s after-repair value (ARV).
2025 full-year trends
| Metric | 2025 | 2024 | Change |
|---|---|---|---|
| Total flips | 297,045 | 309,050 | -3.9% |
| Share of all sales | 7.4% | — | — |
| Typical gross profit | $65,981 | $77,000 | -14.3% |
| Gross ROI | 25.5% | 32.1% | -6.6 pts |
| Median purchase price | $259,019 | — | — |
| Median resale price | $325,000 | — | — |
| Median days to flip | 160 | — | — |
Source: ATTOM 2025 Year-End U.S. Home Flipping Report, released March 19, 2026.
Profit margins fell year-over-year in 70% of the 215 metro areas ATTOM analyzed with sufficient data.
Profit by purchase price tier (Q1 2026)
Margins vary sharply by acquisition price, per ATTOM and HousingWire:
| Purchase price tier | Typical gross ROI |
|---|---|
| Under $50,000 | -14% (loss) |
| $50,000–$100,000 | ~14% |
| $100,000–$200,000 | 32% (strongest tier) |
| $200,000–$500,000 | ~25% |
| $500,000+ | Lower margins |
Source: HousingWire analysis of ATTOM Q1 2026 data.
The $100K–$200K acquisition band produced the strongest returns in Q1 2026 — a sweet spot for investors using fix-and-flip financing in secondary and tertiary markets.
Top metros by flipping rate (Q1 2026)
| Rank | Metro | Flipping rate |
|---|---|---|
| 1 | Columbus, GA | 15.2% |
| 2 | Atlanta, GA | 12.3% |
| 3 | Canton, OH | 12.3% |
| 4 | York, PA | 12.2% |
| 5 | Spartanburg, SC | 12.1% |
Among metros with populations over 1 million, the highest flipping rates were Cleveland (12.1%), Dallas (11.9%), Kansas City (11.5%), and Memphis (11.2%). The lowest were Seattle (5.1%), Tulsa (5.1%), Honolulu (5.3%), New Orleans (5.4%), and Miami (5.5%).
Source: ATTOM Q1 2026 Home Flipping Report.
State-level data: Jaken Finance Group markets
ATTOM’s Home Flipping Trends by State — Q1 2026 breaks down activity in key investor markets:
| State | Q1 2026 flips | Flipping rate | Gross profit | Gross ROI | YoY ROI change |
|---|---|---|---|---|---|
| Georgia | 3,838 | 11.1% (#1 nationally) | $55,999 | 23.7% | Up from 18.8% |
| Florida | 5,529 | 6.6% | $75,000 | 28.3% | Down from 28.5% |
| North Carolina | 2,427 | 8.3% | $57,000 | 25.0% | Down from 36.4% |
| Indiana | 2,137 | 7.8% | $70,347 | 46.4% | Down from 50.9% |
| Illinois | 2,132 | 7.1% | $81,500 | 45.9% | Down from 56.3% |
Georgia led the nation in flipping rate for Q1 2026. Indiana and Illinois posted the highest gross ROI among these five states — though all saw year-over-year margin compression.
Metro highlights
- Atlanta: 12.3% flipping rate — 2nd highest among all U.S. metros (Atlanta flip analysis)
- Charlotte: Part of NC’s 8.3% state flipping rate (Charlotte investing guide)
- Indianapolis: Strong ROI market within Indiana’s 46.4% state average (Indy flip neighborhoods)
Metro ROI extremes (Q1 2026, population 1M+)
| Highest ROI metros | ROI | Lowest ROI metros | ROI |
|---|---|---|---|
| Pittsburgh | 85.9% | Austin | 2.0% |
| Buffalo, NY | 84.0% | Dallas | 4.3% |
| Virginia Beach, VA | 74.9% | San Antonio | 5.1% |
| Baltimore | 65.9% | Houston | 7.2% |
| Philadelphia | 62.0% | Salt Lake City | 9.5% |
Source: Realtor.com analysis of ATTOM Q1 2026 data.
Texas metros dominated the lowest-margin list — a reversal from pandemic-era flip profits when acquisition costs were lower.
Loan-level view: six markets, Q1 2026
ATTOM’s main report uses medians. A follow-up special analysis (July 2, 2026) paired ATTOM’s average prices with fix-and-flip loans funded in Q1 2026 by the lender Backflip. That adds construction budgets and payoff times — the cost side the headline numbers leave out.
| Market | Avg. purchase | Avg. resale | Avg. gross profit | Gross ROI |
|---|---|---|---|---|
| Boston | $647,456 | $831,456 | $184,000 | 28.4% |
| Atlanta | $370,335 | $470,256 | $99,921 | 27.0% |
| Dallas-Fort Worth | $418,856 | $437,003 | $18,147 | 4.3% |
Rehab budgets and timelines from the same analysis:
- Denver: average construction budget $431,250, average after-repair value $1.255 million, 133 days to payoff
- Atlanta: average budget $190,000, average ARV $592,000, about 91 days to payoff
- Charlotte and Dallas-Fort Worth: lower budgets of $58,857 and $68,680. In Dallas-Fort Worth, the smaller budget did not rescue thin margins.
- Austin had the longest average payoff at 154 days. Boston and Charlotte averaged about 118–119 days.
The takeaway from ATTOM: the spread between purchase and resale price was the main driver of profit, and speed decided how fast capital could be reused. A $18,147 average gross profit in Dallas-Fort Worth leaves almost nothing once a rehab budget is added.
Who buys with cash — and who sells to FHA buyers
From the ATTOM Q1 2026 report:
- 61.1% of flipped homes were bought with all cash, down slightly from 61.4% in Q4 2025 but up from 59.6% a year earlier.
- The highest all-cash shares were in Flint, MI (91%), Spartanburg, SC (79.7%), Naples, FL (79.2%), Buffalo, NY (78.7%), and Cape Coral, FL (77.5%).
- 10.2% of flipped homes sold to buyers using FHA-backed mortgages, down from 10.6% the prior quarter and 11.7% a year earlier.
- The highest FHA-buyer shares were in Visalia, CA (30.7%), Fort Smith, AR (30.2%), Spokane, WA (25.2%), Shreveport, LA (24.4%), and Bakersfield, CA (24.2%).
In a high-cash market, a financed flipper competes against buyers who close fast without contingencies. Proof of funds and a short closing window matter more there. In a high-FHA market, the resale exit depends on FHA appraisal and property standards. Plan the scope for that buyer, and check flip seasoning rules for FHA, VA, conventional, and DSCR before you list.
The resale backdrop: prices and rates heading into Q4 2026
Two newer data points shape flips listed this fall.
Prices are still rising, slowly. FHFA’s Q2 2026 house price index rose 2.1% year over year and 0.3% from Q1. Prices rose in 46 states and DC. Illinois ranked fourth among states at 5.6%, and Elgin, IL led the 100 largest metros at 7.7%. The East North Central division, which includes Illinois and Indiana, posted the strongest regional gain at 4.5%. FHFA’s July 2026 monthly release showed prices up 2.6% from a year earlier.
Buyer rates jumped. Freddie Mac’s PMMS 30-year fixed averaged 7.28% on Oct 1, 2026, up from 7.03% a week earlier and 6.34% a year earlier. The 2026 low was 5.98% on Feb 26, per FRED’s weekly history. A flip bought in late winter is now selling to buyers whose payment on the same loan is meaningfully higher. Price resale comps from recent closings, not spring listings. Mortgage-rate risk for investors is covered in more depth in mortgage rates at 7%: what investors should do.
From gross to net: what the median flip leaves
ATTOM’s gross profit excludes rehab, holding, and selling costs. ATTOM notes that flipping veterans estimate those costs typically run 20% to 33% of ARV. Apply that to the 2025 full-year medians:
Illustration using ATTOM’s 2025 medians:
| Line | Amount |
|---|---|
| Median resale (ARV proxy) | $325,000 |
| Median purchase | $259,019 |
| Gross profit | $65,981 |
| Costs at 20% of ARV | $65,000 |
| Costs at 33% of ARV | $107,250 |
| Net at 20% / 33% | +$981 / −$41,269 |
Taken literally, the median deal barely breaks even at the low end of the cost range. That does not mean flipping loses money. The medians mix light cosmetic flips with heavy rehabs, and a lighter scope spends far less than 20% of ARV. It does mean a full-gut project needs a much wider spread than the national median. Build your offer from the exit price down — the 70% rule and maximum allowable offer is a quick first screen. Then line-item carry with fix-and-flip holding costs and test it on the fix-and-flip calculator.
What the 2026 data means for investors
- Margins are stabilizing — Q1 2026 marked the first quarterly ROI increase after seven consecutive quarters of decline.
- Volume is down, competition is shifting — Fewer total flips means less aggregate competition, but acquisition costs remain elevated.
- Financing use ticked up quarter over quarter — 38.9% of flips were bought with financing, up from 38.6% in Q4 2025 but below 40.4% a year earlier (ATTOM’s all-cash share was 59.6% in Q1 2025). Many of those buyers use hard money and private lending.
- Market selection matters more than ever — ROI spread between Pittsburgh (85.9%) and Austin (2.0%) shows geographic selection drives returns.
- Budget rehab accurately — ATTOM’s gross profit figures exclude rehab; plan for 20%–33% of ARV in total project costs.
Sources
- ATTOM Q1 2026 U.S. Home Flipping Report — June 18, 2026
- ATTOM Home Flipping Trends by State — Q1 2026
- ATTOM 2025 Year-End U.S. Home Flipping Report — March 19, 2026
- HousingWire: Home flipping slowed in Q1 2026 — June 2026
- Realtor.com: Home Flipping Profits Rise — Q1 2026 metro ROI data
- ATTOM special analysis: pricing, renovation costs, and timing in Q1 2026 — July 2, 2026
- FHFA: Q2 2026 house price index and July 2026 monthly HPI
- Freddie Mac PMMS — Oct 1, 2026
Jaken Finance Group provides fix-and-flip financing and 100% LTC programs for non-owner-occupied investment properties.
Fix-and-Flip Statistics 2026: National and Metro Data — next step (2026)
Have a deal in one of the markets above? Send the purchase price, scope, and resale comps, and Jaken Finance Group will size the loan against both cost and ARV at 8.99%–13.5% interest-only.
Submit scenario · Pre-qualify · (833) 264-7776.
Rates, terms and conditions offered only to qualified borrowers and are subject to change at any time without notice. All loans are subject to full underwriting for loan approvals. Jaken Finance Group only finances non-owner occupied investment properties.