When housing prices move up, you can bet there are house flippers making money. U.S. house flipping hit a ten year high in 2016.
The current Central Ohio real estate market is no exception. The Columbus area housing market has been on fire. In 2016, twenty-four communities in Central Ohio saw gross house flipping profits of $50k or more per transaction.
In the top Central Ohio zip codes for home flips, homes seller profits reached six figures! Let’s count it down, and see where the most money was made according to the latest data from Attom Data Solutions:
24: Newark, Ohio 43055
- Home Flips in 2016: 49
- Median Purchase Price: $59k
- Flip Price: $109k
- Flipper Profit: $50k
23: Bexley / Columbus Ohio 43209
- Home Flips in 2016: 34
- Median Purchase Price: $135,500
- Flip Price: $188k
- Flipper Profit: $52,500
22: South Columbus Ohio 43207
- Home Flips in 2016: 81
- Median Purchase Price: $51,900
- Flip Price: $104,500
- Flipper Profit: $52,600
21: North Columbus Ohio 43229
- Home Flips in 2016: 57
- Median Purchase Price: $77k
- Flip Price: $131k
- Flipper Profit: $54k
20: Groveport, Ohio 43125
- Home Flips in 2016: 17
- Median Purchase Price: $84k
- Flip Price: $139,500
- Flipper Profit: $55,500
19: Lancaster, Ohio 43130
- Home Flips in 2016: 46
- Median Purchase Price: $68,950
- Flip Price: $124,700
- Flipper Profit: $55,750
18: London, Ohio 43140
- Home Flips in 2016: 14
- Median Purchase Price: $60,500
- Flip Price: $117,500
- Flipper Profit: $57,000
17: Blacklick, Ohio 43004
- Home Flips in 2016: 33
- Median Purchase Price: $116,500
- Flip Price: $174,900
- Flipper Profit: $58,400
16: Pataskala, Ohio 43062
- Home Flips in 2016: 18
- Median Purchase Price: $116,650
- Flip Price: $176,300
- Flipper Profit: $59,650
15: Circleville, Ohio 43113
- Home Flips in 2016: 14
- Median Purchase Price: $74,650
- Flip Price: $135k
- Flipper Profit: $60,350
14: Sunbury, Ohio 43074
- Home Flips in 2016: 19
- Median Purchase Price: $185k
- Flip Price: $248k
- Flipper Profit: $63k
13: Pickerington, Ohio 43147
- Home Flips in 2016: 33
- Median Purchase Price: $135,100
- Flip Price: $198,900
- Flipper Profit: $63,800
12: Canal Winchester Ohio 43110
- Home Flips in 2016: 54
- Median Purchase Price: $91,800
- Flip Price: $156k
- Flipper Profit: $64,200
11: Westerville, Ohio 43081
- Home Flips in 2016: 57
- Median Purchase Price: $97,500
- Flip Price: $164,100
- Flipper Profit: $66,600
10: Gahanna, Ohio 43230
- Home Flips in 2016: 47
- Median Purchase Price: $103k
- Flip Price: $171,500
- Flipper Profit: $68,500
9: Hilliard, Ohio 43026
- Home Flips in 2016: 47
- Median Purchase Price: $130k
- Flip Price: $199k
- Flipper Profit: $69k
8: Columbus / Upper Arlington Ohio 43220
- Home Flips in 2016: 15
- Median Purchase Price: $195k
- Flip Price: $270k
- Flipper Profit: $75k
7: Clintonville, Ohio 43214
- Home Flips in 2016: 22
- Median Purchase Price: $148,500
- Flip Price: $227,500
- Flipper Profit: $79k
6: Upper Arlington / Columbus / Hilliard Ohio 43221
- Home Flips in 2016: 29
- Median Purchase Price: $255k
- Flip Price: $334,900
- Flipper Profit: $79,900
5: Northwest Columbus Ohio 43235
- Home Flips in 2016: 24
- Median Purchase Price: $164k
- Flip Price: $245,500
- Flipper Profit: $81,400
4: Lewis Center, Ohio 43035
- Home Flips in 2016: 13
- Median Purchase Price: $202k
- Flip Price: $284k
- Flipper Profit: $82k
3: New Albany, Ohio 43054
- Home Flips in 2016: 19
- Median Purchase Price: $170,500
- Flip Price: $253,200
- Flipper Profit: $82,700
2: S. Clintonville / Columbus Ohio 43202
- Home Flips in 2016: 12
- Median Purchase Price: $140,650
- Flip Price: $227,250
- Flipper Profit: $86,600
1: Grandview Heights / Marble Cliff / Columbus Ohio 43212
- Home Flips in 2016: 11
- Median Purchase Price: $225k
- Flip Price: $359,900
- Flipper Profit: $134,900
Though not the winner for highest profits, we can see that the area with the most house flips in 2016 was South Columbus OH 43207 at 81 homes flipped.
The zip with the lowest number of homes flipped was also the number one zip code for most flipper profit – zip code 43212 only had 11 flips in 2016, but profit was just under $135k.