HOME FLIPPING PROFITS CONTINUE GRADUAL TWO-YEAR DECLINE

Typical flipped home generated 21.5 percent profit in Q2 2026; Flipping rate dipped to 6.2 percent of all home sales

IRVINE, Calif., Oct. 1, 2026 /PRNewswire/ -- ATTOM, the leading provider of property data, AI-powered intelligence, and real estate analytics solutions, today released its Q2 2026 U.S. Home Flipping Report showing that 77,991 single-family homes and condominiums were flipped in the second quarter, accounting for 6.2 percent of all home sales.

The flipping rate, measured as a percentage of total home sales nationwide, was down from 8 percent the previous quarter and 7.3 percent in the second quarter of last year. The overall number of flipped homes was higher than the previous quarter's mark of 64,760 but lower than in the second quarter of 2025 when 80,477 homes were flipped.

Q2 2026 U.S. Home Flipping Historical Trends

The typical profit margin for a home flipped in the second quarter of 2026 was 21.5 percent, down from 25.7 percent in the previous quarter and 27.6 percent at the same time last year.

Nationwide, typical returns on investment and gross profits from flipping homes have been falling steadily for two years. In the second quarter of 2026, the typical gross profit, the difference between what flippers purchased and sold homes for, was $60,526. That was down from $66,932 in the previous quarter and $71,000 at the same time last year.

"Flippers are still making money in most markets, but the typical return continues to narrow," said Rob Barber, CEO of ATTOM. "The second-quarter numbers continue the general downward trend in profit margins and gross profits we have seen over the past two years."

Flipping rate drops across most metro areas

The flipping rate, as a percent of overall sales, declined quarter-over-quarter in 87.1 percent (162) of the 186 metropolitan statistical areas with sufficient data to analyze. Year-over-year, the flipping rate was down in 70.4 (131) of the metro areas.

The metros with the highest flipping rates in the second quarter of 2026 were Columbus, GA (13.6 percent of all home sales); Canton, OH (11.6 percent); Akron, OH (11.2 percent); Fayetteville, NC (10.9 percent); and Macon, GA (10.6 percent).

Among metros with populations over 1 million, the highest flipping rates were in Cleveland, OH (10.4 percent); Columbus, OH (9.5 percent); Memphis, TN (9.5 percent); Dallas, TX (9.4 percent); and Phoenix, AZ (8.9 percent).

Of those largest metros, the lowest flipping rates were in Rochester, NY (2.7 percent); Seattle, WA (4 percent); Washington, D.C. (4 percent); Pittsburgh, PA (4.5 percent); and Portland, OR (4.8 percent).

Flipped home profit margins declined from last quarter

Typical profit margins for home flippers declined quarter-over-quarter in 67.7 percent (126) of the 186 metro areas analyzed.

Among metros with populations over 1 million, the largest typical profit margins were in Pittsburgh, PA (81.5 percent); Buffalo, NY (76.6 percent); New Orleans, LA (75 percent); Virginia Beach, VA (63.4 percent); and Philadelphia, PA (62.8 percent).

In San Antonio, TX, the typical flipped home posted a loss on investment of 0.3 percent. After that, the lowest profit margins in metros with populations over 1 million were in Dallas, TX (1.8 percent); Austin, TX (2.8 percent); and Houston, TX (3.7 percent); and Salt Lake City, UT (4.7 percent).

Q2 2026 Home Flipping Profit Trends Historical Chart

Flipping returns are strongest between $100,000 and $400,000

The sweet spot for flipping homes continues to be properties acquired for between $100,000 and $200,000, which generated typical profit margins of 28 percent nationwide. Returns remained relatively strong for properties acquired for between $200,000 and $300,000, at 26 percent, and between $300,000 and $400,000, at 20 percent.

At the very bottom of the market, however, homes acquired for $50,000 or less generated a typical loss of $15,000, representing a negative 38 percent return.

Home flips took less time in second quarter

Nationwide, the typical home flipped in the second quarter of 2026 took 161 days from initial purchase to resale, down from 165 days in the previous quarter and 166 days in the second quarter of 2025.

Q2 2026 U.S. Avg Days to Flip Historical Chart

Share of homes flipped to FHA buyers ticks back up

The share of flipped homes sold to buyers using Federal Housing Administration-backed mortgages rose to 10.7 percent in the second quarter of 2026, up slightly from 10.1 the prior quarter but down from 12.3 percent at the same time last year.

The metro areas with the highest shares of flipped homes sold to FHA buyers were Baton Rouge, LA (28.2 percent of flipped homes); Reading, PA (25.3 percent); Tuscaloosa, AL (23.9 percent); Scranton, PA (23.4 percent); and El Paso, TX (22.3 percent).

Key Takeaways

Home flipping profitability continued its general downward trend in the second quarter of 2026, with both typical profit margins and gross profits declining from the previous quarter and a year ago. Flips accounted for a smaller share of overall home sales, while returns varied widely by metro area and purchase price.

Report methodology

ATTOM analyzed sales deed data for this report. A single-family home or condo flip was any arms-length transaction that occurred in the quarter where a previous arms-length transaction on the same property had occurred within the last 12 months. The average gross flipping profit is the difference between the purchase price and the flipped price (not including rehab costs and other expenses incurred, which flipping veterans estimate typically run between 20 percent and 33 percent of the property's after-repair value). Gross flipping return on investment was calculated by dividing the gross flipping profit by the original purchase price.

In 2026, ATTOM expanded its property record coverage. As a result, transaction count-based metrics may reflect both market activity and broader data coverage compared to prior periods.

About ATTOM

ATTOM delivers AI-driven property intelligence built on the nation's most trusted property data repository, covering 160+ million U.S. properties—99% of the population. Our engineered, multi-sourced, semantically rich real estate data spans property tax, deeds, mortgages, foreclosure, environmental risk, property conditions, natural hazards, neighborhood insights, and geospatial boundaries, rigorously validated for advanced analytics. ATTOM supports analytics, AI applications, and AI agents through flexible delivery options including APIs, bulk licensing, cloud delivery, and the MCP Server for AI-powered, agentic access to engineered property data, enabling organizations to automate analysis, power intelligent workflows, and scale property intelligence across industries.

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SOURCE ATTOM