Comprised of 13 counties, the Dallas-Fort Worth-Arlington metro area is the fourth most populated metro in the nation with 7.2 million people. Located in northern Texas – the DFW metroplex as it is known – has roughly 2.7 million housing units in 9,286 square miles.
According to the American Community Survey in 2018, of the housing units in the Dallas metroplex 66 percent were single family homes. In all, 92 percent of all housing units were occupied, but only 59 percent were owner occupied.
|Total Number of Flips||2,322|
|Home Flipping Rate||7.5%|
|Flipping Gross Profit||$43,097|
|Gross Return on Investment||16.8%|
Other highlights from ATTOM’s third quarter of 2021 Home Flipping Report revealed the following details for the Dallas metro area:
With a flipping gross profit of $43,097 for the third quarter of 2021, investors’ gross return on investment was 16.8 percent, down from 25.4 percent a year ago. Home flips in the Dallas metro area were just down in the third quarter of 2021 from their peak that occurred in the second quarter of 2021 when they numbered 2,332.
Flipped homes that sold in the Dallas metro area in the third quarter took an average of 148 days to complete the flip.