Curious to know which cities in Connecticut 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 Bridgeport, Danbury, Fairfield, Norwalk, and Stamford. You’ll find many cheaper priced homes that would be ideal for flipping.
Here is Tomo’s list of best cities in Connecticut for flipping houses.
| Rank | City | Avg. Initial Purchase Price | Avg. Resale Price | Avg. % Change | Avg. $ Increase |
|---|---|---|---|---|---|
| 1 | Killingworth | $193K | $426K | 139% | $233,333 |
| 2 | Old Lyme | $290K | $607K | 116% | $317,067 |
| 3 | Dayville | $149K | $314K | 111% | $165,125 |
| 4 | Middlebury | $303K | $463K | 110% | $160,500 |
| 5 | East Hampton | $222K | $426K | 100% | $203,917 |
| 6 | Chaplin | $194K | $332K | 97% | $137,833 |
| 7 | Marlborough | $190K | $360K | 97% | $170,033 |
| 8 | Moosup | $163K | $313K | 93% | $150,667 |
| 9 | Salem | $247K | $415K | 87% | $168,069 |
| 10 | Plainfield | $164K | $292K | 86% | $127,857 |
| 11 | West Haven | $205K | $369K | 83% | $164,732 |
| 12 | New Canaan | $871K | $1.6 MIL | 83% | $705,667 |
| 13 | New Britain | $166K | $293K | 82% | $126,261 |
| 14 | Canterbury | $183K | $301K | 82% | $118,000 |
| 15 | Hartford | $195K | $324K | 81% | $128,339 |
| 16 | Weston | $715K | $1.3 MIL | 81% | $554,450 |
| 17 | Guilford | $289K | $486K | 79% | $196,688 |
| 18 | Easton | $536K | $733K | 66% | $197,857 |
| 19 | Old Saybrook | $447K | $685K | 59% | $237,970 |
| 20 | Trumbull | $389K | $594K | 59% | $207,025 |
| 21 | Westbrook | $379K | $600K | 57% | $220,883 |
| 22 | Darien | $1.7 MIL | $2 MIL | 55% | $420,250 |
| 23 | West Hartford | $337K | $494K | 50% | $156,854 |
| 24 | Old Greenwich | $1.9 MIL | $2.4 MIL | 35% | $508,750 |
| 25 | Greenwich | $2.4 MIL | $3.2 MIL | 34% | $837,778 |
What to know more about flipping homes?
If you are interested in buying an investment property in Connecticut, it’s important to find cheap homes for sale: Bridgeport, Danbury, Fairfield, Norwalk, and Stamford.
Want to know what not to do when flipping a house, see Tomo’s House Flipping Flops, or look at House Flipping 101 for tips.
Leave a Reply