{"id":2421,"date":"2024-04-26T08:55:37","date_gmt":"2024-04-26T13:55:37","guid":{"rendered":"https:\/\/tomo.com\/blog\/?p=2421"},"modified":"2024-10-08T11:20:28","modified_gmt":"2024-10-08T16:20:28","slug":"best-cities-for-flipping-houses-in-michigan","status":"publish","type":"post","link":"https:\/\/tomo.com\/blog\/best-cities-for-flipping-houses-in-michigan\/","title":{"rendered":"Best Cities for Flipping Houses in Michigan"},"content":{"rendered":"\n

Curious to know which cities in Michigan<\/a> 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\u00a0Detroit<\/a>,\u00a0Farmington Hills<\/a>,\u00a0Grand Rapids<\/a>,\u00a0Pontiac<\/a>, Southfield<\/a>, Warren<\/a>, and\u00a0Sterling Heights.<\/a> You\u2019ll find many cheaper priced homes that would be ideal for flipping.<\/p>\n\n\n\n

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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.<\/strong><\/p>\n\n\n\n

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Rank<\/th>City<\/th>Avg. Initial Purchase Price<\/th>Avg. Resale Price<\/th>Avg. % Change<\/th>Avg. $ Increase<\/th><\/tr><\/thead>
1<\/td>Paw Paw<\/a><\/td>$78K<\/td>$210K<\/td>208%<\/td>$131,667<\/td><\/tr>
2<\/td>Lawton<\/a><\/td>$93K<\/td>$235K<\/td>173%<\/td>$142,281<\/td><\/tr>
3<\/td>Edwardsburg<\/a><\/td>$202K<\/td>$353K<\/td>151%<\/td>$150,833<\/td><\/tr>
4<\/td>Auburn Hills<\/a><\/td>$146K<\/td>$290K<\/td>142%<\/td>$144,000<\/td><\/tr>
5<\/td>Metamora<\/a><\/td>$191K<\/td>$313K<\/td>140%<\/td>$121,667<\/td><\/tr>
6<\/td>Belding<\/a><\/td>$107K<\/td>$224K<\/td>139%<\/td>$117,000<\/td><\/tr>
7<\/td>Sand Lake<\/a><\/td>$150K<\/td>$289K<\/td>127%<\/td>$139,000<\/td><\/tr>
8<\/td>Stockbridge<\/a><\/td>$116K<\/td>$259K<\/td>126%<\/td>$142,967<\/td><\/tr>
9<\/td>Detroit<\/a><\/td>$99K<\/td>$196K<\/td>126%<\/td>$97,276<\/td><\/tr>
10<\/td>Petersburg<\/a><\/td>$109K<\/td>$211K<\/td>117%<\/td>$102,088<\/td><\/tr>
11<\/td>Allegan<\/a><\/td>$140K<\/td>$256K<\/td>112%<\/td>$116,180<\/td><\/tr>
12<\/td>Burton<\/a><\/td>$89K<\/td>$166K<\/td>111%<\/td>$76,400<\/td><\/tr>
13<\/td>Wayne<\/a><\/td>$125K<\/td>$222K<\/td>111%<\/td>$97,833<\/td><\/tr>
14<\/td>Holton<\/a><\/td>$107K<\/td>$190K<\/td>111%<\/td>$83,150<\/td><\/tr>
15<\/td>Pontiac<\/a><\/td>$80K<\/td>$157K<\/td>106%<\/td>$76,453<\/td><\/tr>
16<\/td>Lincoln Park<\/a><\/td>$83K<\/td>$159K<\/td>101%<\/td>$75,476<\/td><\/tr>
17<\/td>Flat Rock<\/a><\/td>$144K<\/td>$258K<\/td>97%<\/td>$114,589<\/td><\/tr>
18<\/td>Hamtramck<\/a><\/td>$123K<\/td>$211K<\/td>94%<\/td>$87,800<\/td><\/tr>
19<\/td>Trenton<\/a><\/td>$162K<\/td>$275K<\/td>93%<\/td>$113,349<\/td><\/tr>
20<\/td>Muskegon<\/a><\/td>$121K<\/td>$206K<\/td>92%<\/td>$84,396<\/td><\/tr>
21<\/td>Pleasant Ridge<\/a><\/td>$344K<\/td>$506K<\/td>69%<\/td>$161,700<\/td><\/tr>
22<\/td>Williamsburg<\/a><\/td>$229K<\/td>$392K<\/td>69%<\/td>$163,167<\/td><\/tr>
23<\/td>Ann Arbor<\/a><\/td>$379K<\/td>$560K<\/td>56%<\/td>$180,730<\/td><\/tr>
24<\/td>Beverly Hills<\/a><\/td>$378K<\/td>$564K<\/td>55%<\/td>$185,901<\/td><\/tr>
25<\/td>Bloomfield Hills<\/a><\/td>$429K<\/td>$634K<\/td>51%<\/td>$205,614<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
\"\"<\/figure>\n\n\n\n

What to know more about flipping homes?<\/h3>\n\n\n\n

Finding cheap homes for sale is the first step in any successful flip, find them here: Detroit<\/a>, Farmington Hills<\/a>, Grand Rapids<\/a>, Pontiac<\/a>, Southfield<\/a>, Warren<\/a>, and Sterling Heights<\/a>. <\/p>\n\n\n\n

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Want to know what not to do when flipping a house, see Tomo\u2019s House Flipping Flops<\/a>, or look at House Flipping 101<\/a> for tips. <\/p>\n\n\n\n

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\"\"<\/div>

Joelle Andersen<\/p><\/div><\/div>\n\n

Joelle has worn many hats in her professional career, which included stints at companies such as Time Inc., CNN and Zillow. She loves real estate and is always looking for that perfect investment property. A self-proclaimed interior designer, she lives in a suburb of NY with her architect husband, 4 children and 2 cats.<\/div>\n\n\n
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<\/div>\n","protected":false},"excerpt":{"rendered":"

Nearly every city on this top list delivered triple digit profits…<\/p>\n","protected":false},"author":24,"featured_media":2423,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[58],"tags":[],"class_list":["post-2421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-trends"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/tomo.com\/blog\/wp-content\/uploads\/2024\/04\/michigan-best-home-flips-tomo.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts\/2421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/comments?post=2421"}],"version-history":[{"count":9,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts\/2421\/revisions"}],"predecessor-version":[{"id":3936,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts\/2421\/revisions\/3936"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/media\/2423"}],"wp:attachment":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/media?parent=2421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/categories?post=2421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/tags?post=2421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}