House Flipping Success Rate in the US of 2026 | We Lend LLC

From January 2020 through March 2026 our team collected data on the success of house flipping in the U.S. Our analysis draws on ATTOM Data quarterly and annual home flipping reports. We examined gross return on investment, gross profit per transaction, flip volume, hold time, financing method, and regional performance. The tables below show where flipping works, where it fails, and why.

House Flipping Profitability and Success Rate by Year, 2020–Q1 2026

Success rate here means the share of flips that sell above their purchase price, roughly 88% nationally. That is different from whether a flip actually made money. A property can resell above what the investor paid and still lose on a net basis once rehab, carrying, and transaction costs come out. The success rate tells you how often flips clear the purchase price, and the ROI and profit figures below tell you how much is left after the work.

U.S. House Flipping Success Rate, 2025–Q1 2026

Data: ATTOM Data (Q1 2026); We Lend Research Study (June 2026). "Success" reflects gross resale above purchase price and does not account for rehab, holding, or transaction costs.

That 88% reflects that most first-time flippers break even or lose, while seasoned flippers clear the purchase price 85 to 90% of the time. The table below shows how much those above-purchase-price sales actually returned from 2020 through Q1 2026, including the sharp ROI compression of the past several years.

House Flipping Profitability and Success Rate by Year, 2020–Q1 2026

All figures are ATTOM year-end (annual) data unless noted. Days to flip for 2021 and 2022 reflect Q4 ATTOM figures. ATTOM later revised its 2021 flip count upward (to roughly 357,666 flips, 5.9% of sales) in the 2022 report; the row above uses ATTOM's original 2021 year-end report. All ROI and profit figures represent gross returns before rehab, holding, and transaction costs. Typical net ROI after all expenses runs 15 to 25 percentage points lower.

Key findings:

1. The 2025 gross ROI of 25.5% is the lowest recorded since 2008, according to ATTOM Data. It marks the end point of a sustained compression, down from 40.5% in 2020 and roughly 51% at the 2016 peak. Record home prices, rising labor and material costs, and flat resale pricing in many markets drove the decline.
2. Flip volume peaked in 2022 at 407,417 transactions, the highest annual total ATTOM has recorded, and has contracted most years since. The 2025 total of 297,045 is the fewest home flips recorded in a calendar year since 2020, and roughly 27% below the 2022 peak.
3. Q1 2026 broke the slide. The 25.4% gross ROI was the first quarterly increase in returns in nearly two years, up from 24.7% in Q4 2025. One quarter is not a trend, but it is the first positive signal since mid-2024.

House Flipping ROI by State and Metro (2025)

National averages tell part of the story. The actual spread is regional. In 2025, state-level gross ROI ranged from 73% in Pennsylvania to 1.2% in Montana, according to ATTOM Data. The table below shows the best and worst states for house flipping by gross ROI in 2025.

House Flipping ROI by State and Metro, 2025

Data: ATTOM Data, The Motley Fool (2026). Metro-level data reflects the New York-Newark-Jersey City NY-NJ-PA metropolitan statistical area.

Key insights:

1. Pennsylvania and Maryland held the strongest state-level gross ROI in 2025. Pittsburgh, Pennsylvania posted 85.9% gross ROI in Q1 2026, placing it among the five best-performing markets in the country. Affordable inventory, aging housing stock, and consistent buyer demand continue to support those margins.
2. The New York-Newark-Jersey City metro produced the highest average gross dollar profit of any major northeastern market: $175,000 per flip. That figure is more than 2.6 times the national average gross profit of $65,981 in 2025, driven by the premium resale market in the greater tri-state area.
3. States that ranked highest in 2024 posted steep drops in 2025. Delaware fell from 80.1% to 36.3% gross ROI, and Kentucky dropped from 66.7% to 47.8%. Margins in a single market can get cut in half in one year.

What Drives House Flipping Success (and Failure)

The 88% national success rate means roughly 1 in 8 flips loses money on a gross basis. Add in full rehab, carrying, and transaction costs, which ATTOM estimates typically consume an additional 20 to 33% of a property's after-repair value, and the margin for error compresses fast.

The table below breaks down the key variables that determine whether a flip succeeds.

The Key Determinants of U.S. House Flipping Success, 2025–Q1 2026

Data: ATTOM Data (Q1 2026); We Lend Research Study (June 2026).

Three takeaways:

1. Market selection is the single largest controllable variable in house flipping success. Q1 2026 data shows Pittsburgh flipping at 85.9% gross ROI while Austin averaged 2.0%. Dallas averaged 4.3% and San Antonio 5.1% in the same quarter. Two investors, same national conditions, completely different outcomes based on geography.
2. The purchase price range of $100,000 to $200,000 produced the highest gross ROI in Q1 2026. Properties acquired below $50,000 generated typical losses, most likely because repair costs on deeply distressed properties eat past whatever discount the investor got at purchase.
3. The rate of financed flip purchases is rising. At 37.7% in 2025, up from 36.9% in 2024, more investors are using debt to fund acquisitions. Fast, deal-structured financing from lenders who understand local markets directly affects hold time and total cost of capital.

House Flipping Performance in the New York and New Jersey Market

The NY-NJ metro doesn't behave like the national average. High acquisition costs limit competition from undercapitalized buyers, but that same dynamic supports strong dollar returns for experienced operators. Upstate New York is a different play: lower basis, tighter inventory, and some of the strongest gross ROI percentages in the country. The table below summarizes recent performance across key NY-area markets.

The NY-Area House Flipping Performance by Metro, 2025

Data: ATTOM Data (2025–2026). ROI figures represent Q3 2025 unless otherwise noted. Buffalo Q1 2026 and Q3 2025 figures from ATTOM Data.

Key Insights:

1. The New York metro generates the highest average gross dollar profit of any major northeastern market. At $175,000 per flip, investors operating in the five boroughs and tri-state region can generate returns that run 2.6 times the national $65,981 average, despite the metro's lower percentage ROI.
2. Rochester and Syracuse have some of the tightest inventory in the country. Active listings in Rochester are more than 60% below 2019 levels, and Syracuse is nearly 50% below. That supply constraint is directly supporting resale pricing for renovated properties.
3. Binghamton, NY led all metros in year-over-year flip rate growth in 2025, up 136.4% from 2024. Investors are catching on to smaller New York markets, where acquisition prices are low and the housing stock is old enough to reward a full renovation.

Have a House Flipping Deal?

House flipping in the US produced a 25.4% gross ROI and $66,000 gross profit per transaction in Q1 2026, the first uptick after nearly two years of falling returns. The national success rate holds around 88%, but that figure papers over a significant experience gap: most first-time flippers break even or lose. Regional performance diverges even further, from sub-5% returns in major Texas cities to 84% in Buffalo, New York as of Q1 2026. In the NY-NJ market specifically, high entry costs thin the field, and experienced investors with fast capital and local knowledge consistently capture the strongest dollar returns in the northeast.

For investors working New York and New Jersey deals, the gap between a 70% first-timer failure rate and an 85 to 90% experienced investor success rate often comes down to one variable: how fast you can close, and who picks up the phone when the deal needs to happen.

Submit your fix and flip today. Apply now. We fund the purchase and the full rehab.

Sources

• We Lend Research Study. We Lend, New York, NY. June 2026.

• ATTOM Data. "Home Flipping Returns Edge Up After Seven Quarters of Decline: Q1 2026 U.S. Home Flipping Report." June 18, 2026. https://www.attomdata.com/news/market-trends/flipping/q1-2026-home-flipping-report/

• ATTOM Data. "Home Flipping Profits Lowest Since Great Recession: 2025 Year-End U.S. Home Flipping Report." March 19, 2026. https://www.attomdata.com/news/market-trends/flipping/2025-year-end-home-flipping-report/

• ATTOM Data. "Q3 2025 U.S. Home Flipping Report." December 2025. https://www.attomdata.com/news/market-trends/flipping/q3-2025-home-flipping-report/

• ATTOM Data. "Home Flipping Remains Up In 2022 Across U.S. But Gross Profits Fall To Another Low: Year-End 2022 U.S. Home Flipping Report." March 23, 2023. https://www.attomdata.com/news/market-trends/flipping/attom-year-end-2022-u-s-home-flipping-report/

• ATTOM Data. "Home Flips Increase But Profits Decline Across U.S. In 2021: Year-End 2021 U.S. Home Flipping Report." March 31, 2022. https://www.attomdata.com/news/most-recent/attom-year-end-2021-u-s-home-flipping-report/

• Caporal, Jack. "The House-Flipping Statistics Investors Should Know in 2026." The Motley Fool. Updated March 31, 2026. https://www.fool.com/research/house-flipping-statistics/