Curious to know which cities in Michigan 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.
If you think Beverly Hills, CA is the only booming Beverly Hills city, think again. Here is Tomo’s list of best cities in Michigan for flipping houses.
| Rank | City | Avg. Initial Purchase Price | Avg. Resale Price | Avg. % Change | Avg. $ Increase |
|---|---|---|---|---|---|
| 1 | Paw Paw | $78K | $210K | 208% | $131,667 |
| 2 | Lawton | $93K | $235K | 173% | $142,281 |
| 3 | Edwardsburg | $202K | $353K | 151% | $150,833 |
| 4 | Auburn Hills | $146K | $290K | 142% | $144,000 |
| 5 | Metamora | $191K | $313K | 140% | $121,667 |
| 6 | Belding | $107K | $224K | 139% | $117,000 |
| 7 | Sand Lake | $150K | $289K | 127% | $139,000 |
| 8 | Stockbridge | $116K | $259K | 126% | $142,967 |
| 9 | Detroit | $99K | $196K | 126% | $97,276 |
| 10 | Petersburg | $109K | $211K | 117% | $102,088 |
| 11 | Allegan | $140K | $256K | 112% | $116,180 |
| 12 | Burton | $89K | $166K | 111% | $76,400 |
| 13 | Wayne | $125K | $222K | 111% | $97,833 |
| 14 | Holton | $107K | $190K | 111% | $83,150 |
| 15 | Pontiac | $80K | $157K | 106% | $76,453 |
| 16 | Lincoln Park | $83K | $159K | 101% | $75,476 |
| 17 | Flat Rock | $144K | $258K | 97% | $114,589 |
| 18 | Hamtramck | $123K | $211K | 94% | $87,800 |
| 19 | Trenton | $162K | $275K | 93% | $113,349 |
| 20 | Muskegon | $121K | $206K | 92% | $84,396 |
| 21 | Pleasant Ridge | $344K | $506K | 69% | $161,700 |
| 22 | Williamsburg | $229K | $392K | 69% | $163,167 |
| 23 | Ann Arbor | $379K | $560K | 56% | $180,730 |
| 24 | Beverly Hills | $378K | $564K | 55% | $185,901 |
| 25 | Bloomfield Hills | $429K | $634K | 51% | $205,614 |
What to know more about flipping homes?
If you want to flip a house in Detroit, we listed the best neighborhoods for your investment. We also ranked many more cities, and their returns, and some of the best places to flip houses in the country.
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