House Flippers Are Making a Killing in This State Now

House flipping revenue more than doubled in 2023, with one state leading the way in those profit-making ventures.

Flipping entails buying a home, renovating it and selling it at a higher price than was paid for it.

ATTOM, a real estate data group, compiled its third-quarter 2023 U.S. Home Flipping Report by analyzing home sales data across the country. The company reports that more than 72,000 single-family homes and condos in the U.S. were flipped in the period. For many sellers, this investment paid off handsomely.

While house-flipping rates have been ticking downward in three-quarters of the country, profits for flippers themselves are on the rise. ATTOM’s analysis found these U.S. counties had the biggest year-over-year increases in profit margins — and one state in particular is home to half of those counties.

10. Greene County, Ohio

Median profit made by flipping a home in this county in:

• The third quarter of 2023: 72.9%
• The third quarter of 2022: 13%

Estimated population of this county: 168,000 as of 2022

Greene County has a strong connection to aviation history. Pioneers Wilbur and Orville Wright, who are Ohio natives, performed the first circular flight over Greene County’s Huffman Prairie. Visitors can see a large collection of the brothers’ items at the National Historic Landmark and even view the airfield from above in an open-cockpit biplane. The county also houses the National Museum of the U.S. Air Force.

9. Summit County, Ohio

Median profit made by flipping a home in this county in:

• The third quarter of 2023: 113.6%
• The third quarter of 2022: 46.5%

Estimated population of this county: 536,000 as of 2022

Summit County offers a lot in education and culture with its several post-secondary institutions, including the University of Akron. Visitors can peruse more than 7,000 artworks at the Akron Art Museum from as early as the 1850s. Exhibits include paintings, photographs, sculptures, digital art and glass work. There are even workshops, concerts and film showings.

8. Miami County, Ohio

Median profit made by flipping a home in this county in:

• The third quarter of 2023: 102.3%
• The third quarter of 2022: 34.5%

Estimated population of this county: 110,000 as of 2022

Also no stranger to flying, Miami County is home to Weaver Aircraft Company (WACO) — the first airline company to use assembly lines for production. In the 1920s, it was the lead civilian aircraft producer for a couple of years. The U.S. government then became the prime contractor of WACO’s cargo gliders, which were heavily used in World War II with WACO managing the U.S. Army’s glider program.

Also in Miami County is the Hobart Arena, where over the years since 1950 fans have enjoyed such performers as Elvis Presley, Bo Diddley and Ray Charles. Today the arena hosts concerts, sports competitions, conventions and ice skating.

7. Kent County, Delaware

Median profit made by flipping a home in this county in:

• The third quarter of 2023: 134.7%
• The third quarter of 2022: 66.7%

Estimated population of this county: 187,000 as of 2022

Bombay Hook National Wildlife Refuge lies in Kent County, comprising one of the largest remaining expanses of tidal salt marsh in the mid-Atlantic region. In addition to protecting local wildlife, the refuge offers lots of recreational activities such as hunting, fishing and wildlife-watching.

The Dover Motor Speedway, which features NASCAR races, is known as the “Monster Mile” for its intense, one-of-a-kind concrete track as well as its mascot, “Miles the Monster,” a 46-foot, 40,000-pound sculpture that rises from the concrete outside the track.

6. Sullivan County, Tennessee

Median profit made by flipping a home in this county in:

• The third quarter of 2023: 129.9%
• The third quarter of 2022: 60.8%

Estimated population of this county: 161,000 as of 2022

The Bristol Motor Speedway (BMS), nicknamed “The Last Great Colosseum,” calls Sullivan County home. It hosts football games and concerts — but the major draw is its auto-racing track. BMS hosted its first NASCAR race in 1961 and has thrilled fans with incredible finishes of “America’s Night Race,” an event held under the lights there since 1978.

5. Lackawanna County, Pennsylvania

Median profit made by flipping a home in this county in:

• The third quarter of 2023: 154.7%
• The third quarter of 2022: 49.3%

Estimated population of this county: 216,000 as of 2022

Lackawanna County includes the city of Scranton, Pennsylvania — known as “The Electric City” for having the nation’s first electric-powered streetcars and also as the setting of “The Office,” one of the most-streamed TV shows. However, Lackawanna County has a rich history outside of its pop-culture influence.

It’s the youngest county in Pennsylvania, having been created in 1878 after residents of northern Luzerne County voted to go their own way. The area was bustling then as part of the nation’s industrial boom after discovery of plentiful deposits of high-carbon coal gave the region a big role in manufacture of steel and railroad rails.

4. Schuylkill County, Pennsylvania

Median profit made by flipping a home in this county in:

• The third quarter of 2023: 147.2%
• The third quarter of 2022: 33.3%

Estimated population of this county: 143,000 as of 2022

Named after the Schuylkill River, Schuylkill County has several state parks and is bordered by the Appalachian National Scenic Trail — so it has a lot to offer for nature lovers. Schuylkill County is also home to America’s oldest brewery, Yuengling.

The brewery was founded in 1829 and survived the Prohibition era by dealing in near-beer products and dairy. When Prohibition ended, Yuengling sent a truck of their “Winner Beer” to President Franklin D. Roosevelt. Another interesting tidbit: Schuylkill County is the birthplace of cable TV.

3. Niagara County, New York

Median profit made by flipping a home in this county in:

• The third quarter of 2023: 213.5%
• The third quarter of 2022: 84.0%

Estimated population of this county: 211,000 as of 2022

Home to the U.S. side of the iconic Niagara Falls, this county can certainly boast scenic views. Niagara Falls is made up of the American Falls, Bridal Veil Falls and Horseshoe Falls, the latter of which sits on the Canadian side of the border. The Niagara Power Project uses the water of the Niagara River to produce 2.6 million kilowatts of clean electricity — making it New York’s biggest electricity producer.

The Erie Canal is another historic waterway in Niagara County. Opened in 1825, the canal revolutionized the flow of commerce in the U.S., connecting the Midwest to New York. Like the falls, it still provides a beautiful place for residents and visitors to appreciate the beauty of the outdoors.

2. Medina County, Ohio

Median profit made by flipping a home in this county in:

• The third quarter of 2023: 178.2%
• The third quarter of 2022: 15.8%

Estimated population of this county: 184,000 as of 2022

Medina County has some of the best-preserved Victorian architecture, and the city of Medina was named “Best Hometown” by Ohio Magazine for 2018-19. The area is both suburban and rural with 18 parks throughout the county and 40 miles of trails for hiking and biking. A group called Bike Medina County encourages the use of biking more often for transportation, not just recreation, and it has created routes that connect cities, townships and villages to make this possible.

1. Lorain County, Ohio

Median profit made by flipping a home in this county in:

• The third quarter of 2023: 195.3%
• The third quarter of 2022: 23.7%

Estimated population of this county: 316,000 as of 2022

Lorain County grew through the 1800s and 1900s due to its role in steel production, and while the Lorain U.S. Steel Plant is still an “industrial icon” for the county, it’s certainly not Lorain’s only noteworty site. Other historical landmarks that are open to the public include the “Jewel of the Port,” the Lorain Lighthouse overlooking Lake Erie in the county’s north. In the south, the Hickories Museum in Elyria is the restored Gilded Age mansion of Arthur Garford, who invented the first padded bicycle seat.

Lorain County is home to Oberlin University and the Oberlin Conservatory of Music as well — the oldest continuously operating conservatory in the U.S.