{"id":2428,"date":"2024-04-26T10:44:42","date_gmt":"2024-04-26T15:44:42","guid":{"rendered":"https:\/\/tomo.com\/blog\/?p=2428"},"modified":"2024-10-08T12:12:19","modified_gmt":"2024-10-08T17:12:19","slug":"best-cities-for-flipping-houses-in-connecticut","status":"publish","type":"post","link":"https:\/\/tomo.com\/blog\/best-cities-for-flipping-houses-in-connecticut\/","title":{"rendered":"Best Cities for Flipping Houses in Connecticut"},"content":{"rendered":"\n

Curious to know which cities in Connecticut<\/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\u00a0Bridgeport<\/a>,\u00a0Danbury<\/a>,\u00a0Fairfield<\/a>, Norwalk<\/a>, and Stamford<\/a>. You\u2019ll find many cheaper priced homes that would be ideal for flipping.<\/p>\n\n\n\n

<\/div>\n\n\n\n

Here is Tomo’s list of best cities in Connecticut <\/a>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>Killingworth<\/a><\/td>$193K<\/td>$426K<\/td>139%<\/td>$233,333<\/td><\/tr>
2<\/td>Old Lyme<\/a><\/td>$290K<\/td>$607K<\/td>116%<\/td>$317,067<\/td><\/tr>
3<\/td>Dayville<\/a><\/td>$149K<\/td>$314K<\/td>111%<\/td>$165,125<\/td><\/tr>
4<\/td>Middlebury<\/a><\/td>$303K<\/td>$463K<\/td>110%<\/td>$160,500<\/td><\/tr>
5<\/td>East Hampton<\/a><\/td>$222K<\/td>$426K<\/td>100%<\/td>$203,917<\/td><\/tr>
6<\/td>Chaplin<\/a><\/td>$194K<\/td>$332K<\/td>97%<\/td>$137,833<\/td><\/tr>
7<\/td>Marlborough<\/a><\/td>$190K<\/td>$360K<\/td>97%<\/td>$170,033<\/td><\/tr>
8<\/td>Moosup<\/a><\/td>$163K<\/td>$313K<\/td>93%<\/td>$150,667<\/td><\/tr>
9<\/td>Salem<\/a><\/td>$247K<\/td>$415K<\/td>87%<\/td>$168,069<\/td><\/tr>
10<\/td>Plainfield<\/a><\/td>$164K<\/td>$292K<\/td>86%<\/td>$127,857<\/td><\/tr>
11<\/td>West Haven<\/a><\/td>$205K<\/td>$369K<\/td>83%<\/td>$164,732<\/td><\/tr>
12<\/td>New Canaan<\/a><\/td>$871K<\/td>$1.6 MIL<\/td>83%<\/td>$705,667<\/td><\/tr>
13<\/td>New Britain<\/a><\/td>$166K<\/td>$293K<\/td>82%<\/td>$126,261<\/td><\/tr>
14<\/td>Canterbury<\/a><\/td>$183K<\/td>$301K<\/td>82%<\/td>$118,000<\/td><\/tr>
15<\/td>Hartford<\/a><\/td>$195K<\/td>$324K<\/td>81%<\/td>$128,339<\/td><\/tr>
16<\/td>Weston<\/a><\/td>$715K<\/td>$1.3 MIL<\/td>81%<\/td>$554,450<\/td><\/tr>
17<\/td>Guilford<\/a><\/td>$289K<\/td>$486K<\/td>79%<\/td>$196,688<\/td><\/tr>
18<\/td>Easton<\/a><\/td>$536K<\/td>$733K<\/td>66%<\/td>$197,857<\/td><\/tr>
19<\/td>Old Saybrook<\/a><\/td>$447K<\/td>$685K<\/td>59%<\/td>$237,970<\/td><\/tr>
20<\/td>Trumbull<\/a><\/td>$389K<\/td>$594K<\/td>59%<\/td>$207,025<\/td><\/tr>
21<\/td>Westbrook<\/a><\/td>$379K<\/td>$600K<\/td>57%<\/td>$220,883<\/td><\/tr>
22<\/td>Darien<\/a><\/td>$1.7 MIL<\/td>$2 MIL<\/td>55%<\/td>$420,250<\/td><\/tr>
23<\/td>West Hartford<\/a><\/td>$337K<\/td>$494K<\/td>50%<\/td>$156,854<\/td><\/tr>
24<\/td>Old Greenwich<\/a><\/td>$1.9 MIL<\/td>$2.4 MIL<\/td>35%<\/td>$508,750<\/td><\/tr>
25<\/td>Greenwich<\/a><\/td>$2.4 MIL<\/td>$3.2 MIL<\/td>34%<\/td>$837,778<\/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

If you are interested in buying an investment property in Connecticut, it’s important to find cheap homes for sale: Bridgeport<\/a>, Danbury<\/a>, Fairfield<\/a>, Norwalk<\/a>, and Stamford<\/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
<\/div>\n\n\n\n
<\/div>\n","protected":false},"excerpt":{"rendered":"

Home to some of the most expensive real estate on the North East, these top 25 cities deliver the highest returns for your investment. <\/p>\n","protected":false},"author":24,"featured_media":2434,"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-2428","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\/connecticut-best-home-flips-tomo.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts\/2428","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=2428"}],"version-history":[{"count":9,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts\/2428\/revisions"}],"predecessor-version":[{"id":3954,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts\/2428\/revisions\/3954"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/media\/2434"}],"wp:attachment":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/media?parent=2428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/categories?post=2428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/tags?post=2428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}