Curious to know which cities in New York 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.
Here is Tomo’s list of best cities in New York for flipping houses.
| Rank | City | Avg. Initial Purchase Price | Avg. Resale Price | Avg. % Change | Avg. $ Increase |
|---|---|---|---|---|---|
| 1 | Carthage | $97K | $219K | 198% | $122,588 |
| 2 | Rome | $121K | $219K | 145% | $97,182 |
| 3 | Port Jervis | $129K | $271K | 121% | $141,508 |
| 4 | Stony Point | $300K | $525K | 119% | $225,800 |
| 5 | Hyde Park | $268K | $427K | 117% | $158,667 |
| 6 | East Syracuse | $113K | $195K | 101% | $81,664 |
| 7 | Batavia | $89K | $155K | 100% | $65,259 |
| 8 | Watertown | $135K | $205K | 87% | $70,315 |
| 9 | Lancaster | $216K | $298K | 85% | $81,850 |
| 10 | Fulton | $137K | $192K | 82% | $54,824 |
| 11 | Cambria Heights | $421K | $724K | 80% | $303,100 |
| 12 | Cortlandt Manor | $339K | $586K | 80% | $247,109 |
| 13 | Center Moriches | $377K | $653K | 78% | $276,400 |
| 14 | Woodbury | $238K | $397K | 78% | $159,073 |
| 15 | Carmel | $278K | $460K | 78% | $182,800 |
| 16 | Poughkeepsie | $217K | $363K | 74% | $145,993 |
| 17 | Auburn | $125K | $200K | 73% | $75,104 |
| 18 | Buffalo | $163K | $247K | 71% | $83,861 |
| 19 | Middletown | $225K | $360K | 71% | $135,525 |
| 20 | Rocky Point | $282K | $474K | 70% | $191,773 |
| 21 | Utica | $162K | $227K | 70% | $75,250 |
| 22 | Amityville | $361K | $585K | 69% | $224,156 |
| 23 | Niagara Falls | $139K | $201K | 69% | $62,211 |
| 24 | Oceanside | $468K | $766K | 68% | $298,100 |
| 25 | Mastic Beach | $259K | $424K | 68% | $164,525 |
What to know more about flipping homes?
If you want to flip a house within proximity to NYC, check out which suburbs in the Hudson Valley deliver the highest returns. 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.
Your next home is out there
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