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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.
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 is rising — At 38.9%, more flippers are leveraging hard money and private lending rather than all-cash buys.
- 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
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)
Bridge 8.99%–13.5% IO works when sold comps, scope contingency, and resale timeline are in the file at LOI — not ARV alone.
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