Curious to know which cities in North Carolina were best for flipping houses? We were. After looking at thousands of homes that have been bought and sold within 90-365 days (the same property exchanging hands twice between 90-365 days), we narrowed it down to these 25 cities based on return on investment. After perusing this list, check out our listings of cheap homes for sale in Charlotte, Durham, Greensboro, and see today’s rates around Raleigh. You’ll find many cheaper priced homes that would be ideal for flipping.
Here is Tomo Mortgage’s list of best cities in North Carolina for flipping houses.
| Rank | City | Avg. Initial Purchase Price | Avg. Resale Price | % Change | Avg. $ Increase |
|---|---|---|---|---|---|
| 1 | Roxboro | $97K | $251K | 175% | $154,207 |
| 2 | Cherryville | $102K | $232K | 158% | $129,614 |
| 3 | Snow Hill | $99K | $215K | 144% | $116,500 |
| 4 | Havelock | $132K | $254K | 135% | $121,667 |
| 5 | Magnolia | $147K | $289K | 121% | $142,833 |
| 6 | Stony Point | $300K | $525K | 119% | $225,800 |
| 7 | Laurinburg | $79K | $155K | 117% | $76,667 |
| 8 | Kings Mountain | $174K | $264K | 114% | $90,056 |
| 9 | Henderson | $111K | $218K | 111% | $107,044 |
| 10 | Morganton | $159K | $281K | 110% | $122,223 |
| 11 | Shelby | $127K | $214K | 108% | $87,094 |
| 12 | Mc Leansville | $136K | $256K | 107% | $119,250 |
| 13 | Zebulon | $165K | $289K | 104% | $123,686 |
| 14 | Albemarle | $130K | $213K | 102% | $82,600 |
| 15 | Bessemer City | $159K | $263K | 98% | $104,500 |
| 16 | Cameron | $120K | $214K | 95% | $94,330 |
| 17 | Kannapolis | $140K | $252K | 95% | $111,740 |
| 18 | Mebane | $201K | $348K | 93% | $146,250 |
| 19 | Newport | $172K | $284K | 91% | $112,500 |
| 20 | Goldsboro | $148K | $243K | 89% | $95,398 |
| 21 | Lexington | $160K | $254K | 88% | $93,646 |
| 22 | Hickory | $188K | $284K | 86% | $95,700 |
| 23 | Rural Hall | $137K | $253K | 86% | $116,150 |
| 24 | China Grove | $167K | $265K | 85% | $98,650 |
| 25 | Jonesville | $151K | $233K | 85% | $81,375 |
What to know more about flipping homes?
Before you start thinking about flipping houses, you need to find cheap listings to maximize your profit, look no further than here: Charlotte, Durham, Greensboro, and Raleigh. If you are looking for tips, look no further than House Flipping Flops for what NOT to do, or our House Flipping 101 Guide.
