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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.
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.