Flipping homes successfully is even more challenging than it used to be as rising mortgage rates have squeezed profits nationwide. A new Realtor.com report found that the median flipped home was bought for roughly 51% of the market median — but flipped homes were still priced at 88% of the market median even after renovation.
However, in a handful of U.S. cities, renovated homes are still commanding prices above the local median. Here’s where flipping still pays off.
