What is the Current Home Flipping Rate in the U.S.?
In the third quarter of 2025, home flipping activity continued to slow both quarter-over-quarter and year-over-year, while profit margins fell below 25 percent for the first time since 2008.
- Total flips: 72,217 single-family homes and condos flipped
- Share of all sales: 6.8% of total home sales from July through September 2025 were flips
- Quarter-over-quarter change: Down from 7.3% in Q2 2025
- Year-over-year change: Down from 7.0% in Q3 2024
Top flipping markets: Georgia remained a leader in flipping activity, with high rates in the Atlanta and Macon metros.
Home Flipping Profits and Price Trends
- National ROI: 23.1% gross return (down from 26.5% in Q2 2025) – the lowest level since Q2 2008
- National gross profit: $60,000 (down from $68,000 in Q2; down from $73,554 year ago)
- Median purchase price: $260,000
- Median resale price: $320,000
What’s Driving Q3 2025 Flipping Trends?
Investors continued to face mounting pressure from elevated home prices and reduced availability of undervalued properties. As acquisition costs rise, especially in entry-level price tiers, profit margins have narrowed and competition has intensified.
According to ATTOM CEO Rob Barber, “Home flipping activity and profitability continued to decline in Q3 2025 with typical return on investment dropping to 23.1%, the lowest since 2008.” He added that what was once a market delivering consistent 40–60% returns has shifted into a fundamentally different environment, requiring investors to be more selective and strategic in market selection.
Top Ten States by Flipping Rate – Q3 2025
A look at the ten states with the highest share of flipped homes, along with associated flipping profits and returns on investment.
1. Georgia
3,931 home flips (10.1% flipping rate)
Gross Flipping Profit: $55,000 – up from $53,162 year ago
Gross Flipping ROI: 22.9% – up from 19.9% year ago
2. Delaware
382 home flips (9.6% flipping rate)
Gross Flipping Profit: $92,603 – down from $174,888 year ago
Gross Flipping ROI: 36.0% – down from 77.7% year ago
3. Arizona
2,833 home flips (9.1% flipping rate)
Gross Flipping Profit: $50,000 – down from $50,457 year ago
Gross Flipping ROI: 14.3% – down from 14.6% year ago
4. Ohio
4,789 home flips (9.0% flipping rate)
Gross Flipping Profit: $50,000 – down from $51,400 year ago
Gross Flipping ROI: 31.3% – down from 35.1% year ago
5. Alabama
1,167 home flips (8.7% flipping rate)
Gross Flipping Profit: $61,690 – up from $59,843 year ago
Gross Flipping ROI: 43.7% – down from 47.8% year ago
6. South Carolina
1,843 home flips (8.3% flipping rate)
Gross Flipping Profit: $50,854 – down from $61,389 year ago
Gross Flipping ROI: 23.7% – down from 29.9% year ago
7. Texas
6,860 home flips (8.3% flipping rate)
Gross Flipping Profit: $14,425 – down from $22,399 year ago
Gross Flipping ROI: 5.1% – down from 8.5% year ago
8. Nevada
1,181 home flips (8.3% flipping rate)
Gross Flipping Profit: $55,488 – down from $64,485 year ago
Gross Flipping ROI: 14.9% – down from 17.5% year ago
9. Utah
1,005 home flips (8.2% flipping rate)
Gross Flipping Profit: $40,177 – up from $39,699 year ago
Gross Flipping ROI: 8.3% – down from 8.7% year ago
10. Tennessee
2,134 home flips (7.9% flipping rate)
Gross Flipping Profit: $85,000 – down from $100,000 year ago
Gross Flipping ROI: 47.2% – down from 57.1% year ago
Key Takeaways from the ATTOM Q3 2025 Flipping Report Top Ten States
Profit margins from home flipping have been on a long-term downward trend. After delivering returns in the 40–60% range for more than a decade of the post-2009 period, margins have now remained in the low-20% range for five consecutive quarters. This reflects rising acquisition costs and increasingly constrained upside for investors. Read about the top ten states with the highest share of home flipping activity.
Want to learn more about home flipping trends in your area? Contact us to find out how!
