Curious to know which cities in Virginia 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 20 cities based on return on investment.
Here is Tomo’s list of best cities in Virginia for flipping houses.
| Rank | City | Avg. Initial Purchase Price | Avg. Resale Price | Avg. % Change | Avg. $ Increase |
|---|---|---|---|---|---|
| 1 | Louisa | $112K | $244K | 118% | $131,512 |
| 2 | Petersburg | $109K | $211K | 117% | $102,088 |
| 3 | Strasburg | $156K | $313K | 111% | $156,614 |
| 4 | Orange | $144K | $282K | 103% | $138,000 |
| 5 | Mineral | $165K | $314K | 96% | $148,380 |
| 6 | King George | $201K | $341K | 88% | $139,971 |
| 7 | South Chesterfield | $154K | $271K | 84% | $117,366 |
| 8 | Hopewell | $124K | $223K | 84% | $98,412 |
| 9 | Staunton | $179K | $295K | 83% | $116,102 |
| 10 | Colonial Heights | $156K | $275K | 79% | $118,958 |
| 11 | Ruther Glen | $178K | $296K | 77% | $118,066 |
| 12 | Great Falls | $1.1 MIL | $1.2 MIL | 76% | $171,583 |
| 13 | Elkton | $217K | $277K | 72% | $98,954 |
| 14 | Richmond | $247K | $376K | 71% | $129,805 |
| 15 | Winchester | $230K | $346K | 70% | $115,814 |
| 16 | Powhatan | $274K | $399K | 70% | $125,571 |
| 17 | Spotsylvania | $269K | $387K | 62% | $118,452 |
| 18 | Warrenton | $311K | $410K | 61% | $98,993 |
| 19 | Glen Allen | $255K | $368K | 61% | $112,591 |
| 20 | North Dinwiddie | $179K | $261K | 61% | $82,158 |
What to know more about flipping homes?
Check out other cities that are best for flipping houses. If you are looking for tips, look no further than House Flipping Flops for what NOT to do, or our House Flipping 101 Guide.
Your next home is out there
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