- Utah: This state is a favorite among house flippers because of its low cost of remodeling. The median cost of a renovation in Utah is around $73,000, which is significantly lower than in other states. This makes it easier for flippers to make a profit.
- Missouri: Another state with low remodeling costs, Missouri is a popular spot for house flippers. Additionally, the state has a low cost of living, which means properties can be purchased for less.
- New Jersey: While New Jersey has a higher cost of living than the previous two states, it also has the lowest rental vacancy rate in the US. This means that landlords can more easily find tenants and make a profit.
- West Virginia: This state boasts the highest homeownership rate in the US, making it a great spot for flippers to find properties to renovate and sell. Additionally, West Virginia has the lowest cost of housing in the country, which means flippers can get more bang for their buck.
When it comes to flipping houses, certain states offer more opportunities than others. Here are some of the best states to buy and flip houses: