U.S. Home Flipping Trends by State – Q2 2026
What is the Current Home Flipping Rate in the U.S.?
In the second quarter of 2026, home flipping activity increased from the previous quarter, but flips represented a smaller share of overall sales and remained below year-ago levels.
- Total flips: 77,991 single-family homes and condos flipped
- Quarter-over-Quarter trend: Up from 64,760 flipped homes in Q1 2026
- Year-over-Year trend: Down from 80,477 flipped homes in Q2 2025
- Share of all sales: 6.2% of total home sales from April through June
- Quarter-over-quarter trend: Down from 8.0% in Q1 2026
- Year-over-year change: Down from 7.3% in Q2 2025
Top flipping markets: Ohio led the nation in flipping rate, followed by Arizona, Nevada, and Texas.
Home Flipping Profits and Price Trends
- National ROI: 21.5% gross return (down from 25.7% in Q1 2026)
- National gross profit: $60,526 (down from $66,932 in Q1 2026)
- Median flip days: 161 days from purchase to resale (down from 165 days in Q1 2026)
- FHA buyer share: 10.7% of flipped homes were sold to buyers using FHA-backed mortgages (up from 10.1% in Q1 2026)
What’s Driving Q2 2026 Flipping Trends?
Home flipping activity increased in the second quarter of 2026, but flips accounted for a smaller share of overall sales than in both the previous quarter and a year earlier. At the same time, typical profit margins and gross profits continued their general two-year decline. Returns varied widely by market and purchase price, while homes flipped during the quarter sold more quickly than in Q1 2026.
Flipping Rates by State – Q2 2026
A state-by-state look at investor activity, profits, and ROI across the U.S. in the second quarter of 2026.
Ohio
4,133 home flips (9.6% flipping rate)
Gross Flipping Profit: $58,976 – down from $63,411 year ago
Gross Flipping ROI: 36.2% – down from 40.9% year ago
Arizona
3,440 home flips (8.4% flipping rate)
Gross Flipping Profit: $40,436 – down from $53,999 year ago
Gross Flipping ROI: 10.4% – down from 15.7% year ago
Nevada
1,213 home flips (7.7% flipping rate)
Gross Flipping Profit: $66,125 – down from $67,500 year ago
Gross Flipping ROI: 16.1% – down from 18.1% year ago
Texas
8,389 home flips (7.5% flipping rate)
Gross Flipping Profit: $8,083 – down from $18,134 year ago
Gross Flipping ROI: 2.8% – down from 6.5% year ago
Indiana
2,110 home flips (7.5% flipping rate)
Gross Flipping Profit: $69,552 – up from $64,900 year ago
Gross Flipping ROI: 43.4% – up from 40.6% year ago
Tennessee
2,172 home flips (7.3% flipping rate)
Gross Flipping Profit: $95,000 – down from $113,500 year ago
Gross Flipping ROI: 48.7% – down from 63.1% year ago
Missouri
2,105 home flips (7.1% flipping rate)
Gross Flipping Profit: $36,690 – down from $42,315 year ago
Gross Flipping ROI: 17.2% – down from 21.2% year ago
South Carolina
1,973 home flips (7.1% flipping rate)
Gross Flipping Profit: $65,957 – up from $50,000 year ago
Gross Flipping ROI: 29.6% – up from 22.7% year ago
Utah
1,093 home flips (6.8% flipping rate)
Gross Flipping Profit: $19,684 – down from $26,049 year ago
Gross Flipping ROI: 3.9% – down from 5.5% year ago
Rhode Island
175 home flips (6.6% flipping rate)
Gross Flipping Profit: $88,835 – down from $120,000 year ago
Gross Flipping ROI: 22.4% – down from 35.3% year ago
North Carolina
3,244 home flips (6.5% flipping rate)
Gross Flipping Profit: $53,500 – down from $60,000 year ago
Gross Flipping ROI: 21.7% – down from 24.5% year ago
Georgia
2,675 home flips (6.4% flipping rate)
Gross Flipping Profit: $62,800 – up from $55,287 year ago
Gross Flipping ROI: 25.3% – up from 21.2% year ago
Wisconsin
1,000 home flips (6.2% flipping rate)
Gross Flipping Profit: $70,000 – down from $75,000 year ago
Gross Flipping ROI: 31.1% – down from 37.5% year ago
California
8,444 home flips (6.2% flipping rate)
Gross Flipping Profit: $75,000 – down from $114,000 year ago
Gross Flipping ROI: 10.5% – down from 18.0% year ago
Florida
8,192 home flips (6.1% flipping rate)
Gross Flipping Profit: $68,000 – down from $70,900 year ago
Gross Flipping ROI: 24.1% – down from 26.2% year ago
Oklahoma
1,108 home flips (6.0% flipping rate)
Gross Flipping Profit: $51,500 – down from $59,000 year ago
Gross Flipping ROI: 34.7% – down from 40.4% year ago
Alabama
1,036 home flips (6.0% flipping rate)
Gross Flipping Profit: $65,284 – down from $76,500 year ago
Gross Flipping ROI: 43.5% – down from 54.6% year ago
New Jersey
1,589 home flips (6.0% flipping rate)
Gross Flipping Profit: $145,000 – up from $139,500 year ago
Gross Flipping ROI: 40.3% – down from 43.6% year ago
Kentucky
968 home flips (5.8% flipping rate)
Gross Flipping Profit: $66,551 – down from $76,000 year ago
Gross Flipping ROI: 39.4% – down from 49.4% year ago
Arkansas
752 home flips (5.8% flipping rate)
Gross Flipping Profit: $52,496 – down from $60,000 year ago
Gross Flipping ROI: 32.8% – down from 42.9% year ago
Illinois
2,540 home flips (5.7% flipping rate)
Gross Flipping Profit: $89,500 – down from $91,000 year ago
Gross Flipping ROI: 45.8% – down from 53.5% year ago
Maryland
1,373 home flips (5.6% flipping rate)
Gross Flipping Profit: $130,000 – down from $174,000 year ago
Gross Flipping ROI: 51.0% – down from 80.6% year ago
Maine
271 home flips (5.6% flipping rate)
Gross Flipping Profit: $69,000 – down from $70,519 year ago
Gross Flipping ROI: 23.0% – up from 22.4% year ago
Colorado
1,571 home flips (5.5% flipping rate)
Gross Flipping Profit: $72,750 – up from $68,000 year ago
Gross Flipping ROI: 16.1% – up from 15.6% year ago
Pennsylvania
2,333 home flips (5.5% flipping rate)
Gross Flipping Profit: $105,000 – down from $122,924 year ago
Gross Flipping ROI: 65.6% – down from 81.9% year ago
Kansas
550 home flips (5.5% flipping rate)
Gross Flipping Profit: $42,517 – up from $38,274 year ago
Gross Flipping ROI: 16.6% – up from 13.3% year ago
Michigan
1,898 home flips (5.5% flipping rate)
Gross Flipping Profit: $74,745 – down from $80,200 year ago
Gross Flipping ROI: 46.6% – down from 57.4% year ago
Vermont
87 home flips (5.5% flipping rate)
Gross Flipping Profit: $37,700 – down from $110,000 year ago
Gross Flipping ROI: 18.2% – down from 73.3% year ago
Delaware
279 home flips (5.5% flipping rate)
Gross Flipping Profit: $54,218 – down from $119,990 year ago
Gross Flipping ROI: 19.1% – down from 49.0% year ago
Connecticut
514 home flips (5.4% flipping rate)
Gross Flipping Profit: $128,950 – up from $114,950 year ago
Gross Flipping ROI: 46.0% – up from 41.8% year ago
New Mexico
442 home flips (5.3% flipping rate)
Gross Flipping Profit: $7,877 – down from $14,585 year ago
Gross Flipping ROI: 2.7% – down from 5.2% year ago
Nebraska
469 home flips (5.3% flipping rate)
Gross Flipping Profit: $70,000 – down from $80,000 year ago
Gross Flipping ROI: 37.8% – down from 44.4% year ago
Mississippi
317 home flips (5.3% flipping rate)
Gross Flipping Profit: -$3,933 – down from $18,776 year ago
Gross Flipping ROI: -1.7% – down from 8.9% year ago
Virginia
1,936 home flips (5.2% flipping rate)
Gross Flipping Profit: $103,000 – down from $130,000 year ago
Gross Flipping ROI: 39.3% – down from 59.1% year ago
Minnesota
1,135 home flips (5.1% flipping rate)
Gross Flipping Profit: $49,375 – down from $70,880 year ago
Gross Flipping ROI: 19.3% – down from 28.3% year ago
Louisiana
541 home flips (4.8% flipping rate)
Gross Flipping Profit: $76,563 – up from $75,000 year ago
Gross Flipping ROI: 61.3% – down from 62.5% year ago
Hawaii
268 home flips (4.7% flipping rate)
Gross Flipping Profit: $66,099 – up from $63,950 year ago
Gross Flipping ROI: 9.4% – down from 9.4% year ago
Oregon
902 home flips (4.6% flipping rate)
Gross Flipping Profit: $54,000 – down from $69,906 year ago
Gross Flipping ROI: 12.1% – down from 17.5% year ago
New York
1,505 home flips (4.5% flipping rate)
Gross Flipping Profit: $114,950 – up from $102,588 year ago
Gross Flipping ROI: 29.9% – up from 29.7% year ago
Idaho
372 home flips (4.0% flipping rate)
Gross Flipping Profit: $27,376 – down from $35,274 year ago
Gross Flipping ROI: 6.5% – down from 8.8% year ago
Washington
930 home flips (3.9% flipping rate)
Gross Flipping Profit: $89,750 – down from $125,000 year ago
Gross Flipping ROI: 21.7% – down from 29.4% year ago
Iowa
679 home flips (3.9% flipping rate)
Gross Flipping Profit: $55,000 – down from $66,171 year ago
Gross Flipping ROI: 35.5% – down from 48.7% year ago
Montana
156 home flips (3.7% flipping rate)
Gross Flipping Profit: $63,646 – up from -$9,913 year ago
Gross Flipping ROI: 12.9% – up from -2.1% year ago
Wyoming
110 home flips (3.6% flipping rate)
Gross Flipping Profit: $14,761 – down from $60,018 year ago
Gross Flipping ROI: 4.3% – down from 20.8% year ago
North Dakota
84 home flips (3.6% flipping rate)
Gross Flipping Profit: $54,000 – down from $60,327 year ago
Gross Flipping ROI: 21.2% – down from 24.2% year ago
New Hampshire
155 home flips (3.6% flipping rate)
Gross Flipping Profit: $62,879 – down from $70,267 year ago
Gross Flipping ROI: 12.6% – down from 15.6% year ago
West Virginia
116 home flips (3.0% flipping rate)
Gross Flipping Profit: $45,000 – down from $67,950 year ago
Gross Flipping ROI: 28.1% – down from 44.7% year ago
Conclusion
Home flipping profitability continued its general downward trend in the second quarter of 2026. The typical gross ROI fell to 21.5 percent, while gross profit declined to $60,526. A total of 77,991 homes were flipped nationwide, representing 6.2 percent of all sales. Flipping activity remained below the same period last year and returns continued to narrow.
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