{"id":2518,"date":"2024-04-29T12:23:40","date_gmt":"2024-04-29T17:23:40","guid":{"rendered":"https:\/\/tomo.com\/blog\/?p=2518"},"modified":"2024-10-08T10:50:02","modified_gmt":"2024-10-08T15:50:02","slug":"best-cities-for-flipping-houses-in-new-york","status":"publish","type":"post","link":"https:\/\/tomo.com\/blog\/best-cities-for-flipping-houses-in-new-york\/","title":{"rendered":"Best Cities for Flipping Houses in New York"},"content":{"rendered":"\n

Curious to know which cities in New York<\/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\u00a0Buffalo<\/a>, Rochester<\/a>, Syracuse<\/a>, Peekskill<\/a>, Yonkers<\/a>,\u00a0Mount Vernon<\/a>,\u00a0Ossining<\/a>, and\u00a0White Plains<\/a>. You\u2019ll find many cheaper priced homes that would be ideal for flipping.<\/p>\n\n\n\n

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

These top 25 cities in New York give you the best chance to make the most money on your investment property. Though it will take a bit longer than a New York minute…<\/p>\n","protected":false},"author":24,"featured_media":2520,"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-2518","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\/new-york-best-home-flips-tomo-jpg.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts\/2518","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=2518"}],"version-history":[{"count":9,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts\/2518\/revisions"}],"predecessor-version":[{"id":3923,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts\/2518\/revisions\/3923"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/media\/2520"}],"wp:attachment":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/media?parent=2518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/categories?post=2518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/tags?post=2518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}