Virginia is emerging as a top state for home flipping due to its diverse properties and strong demand, especially from military and tech residents influenced by proximity to Washington, D.C. In 2024, flippers in the state earned average gross profits of $120,000 per project, despite a modest ROI of 1%. Key markets include Northern Virginia, particularly Arlington and Alexandria, where homebuyers favor modern renovations. Suburban areas also present opportunities for improvement, making Virginia a vibrant landscape for successful home investments.
In 2024, home flippers in Virginia recorded an average gross profit of $120,000 per project, with a modest 1% return on investment.
Virginia's house flipping activity is concentrated in and around the D.C. metro area, where buyers pay a premium for modern, move-in-ready homes.
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