Two zip codes in the city of St Louis made RealtyTrac’s list of “Zips with the highest gross returns (from flipping property)” for 4th quarter, 2014. The 63139 zip code, which includes the Dog Town area of St Louis, came in number 2 on the list with an average gross return on investment of 163.9% and the 63116 zip code, which includes Tower Grove South, Holly Hills, Dutchtown South and Bevo, came in 9th on the list with an average gross return on investment of 127.7%.
To be eligible to be considered for the list, there had to be at least 10 single family homes “flips” completed during the 4th quarter of 2014. In the 63139 area of St Louis, there were 18 such home flips during the quarter with an average purchase price of $9,000 and an average gross profit of $14,750 from the flip. In the 63116 zip area, there were 21 flips during the quarter with an average purchase price of $27,721 and an average gross profit of $35,407. The table below shows the data for all 10 top gross returns from flipping property zips in the U.S.
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Zip Codes with the highest gross returns from flipping property – 4th Quarter 2014
| Zip Code | City | MSA | Q4 2014 Home Flips |
Pct of Total Sales |
YoY Pct Change |
Avg Purchase Price |
Avg Gross ROI |
Flipping Avg Gross Profit |
| 21218 | Baltimore | Baltimore-Towson, MD | 14 | 11.0% | 2.0% | $51,233 | 208.6% | $106,847 |
| 63139 | Saint Louis | St. Louis, MO-IL | 18 | 14.0% | -9.3% | $9,000 | 163.9% | $14,750 |
| 32205 | Jacksonville | Jacksonville, FL | 19 | 13.8% | -10.5% | $52,216 | 157.0% | $81,962 |
| 60643 | Chicago | Chicago-Naperville-Joliet, IL-IN-WI | 12 | 11.8% | 31.8% | $150,750 | 153.7% | $231,750 |
| 60402 | Berwyn | Chicago-Naperville-Joliet, IL-IN-WI | 20 | 11.5% | 0.1% | $93,000 | 149.7% | $139,222 |
| 21207 | Gwynn Oak | Baltimore-Towson, MD | 20 | 13.2% | -29.4% | $76,275 | 149.7% | $114,168 |
| 48220 | Ferndale | Detroit-Warren-Livonia, MI | 12 | 6.7% | 54.1% | $70,200 | 141.5% | $99,300 |
| 21213 | Baltimore | Baltimore-Towson, MD | 11 | 6.7% | 19.2% | $39,180 | 137.9% | $54,020 |
| 63116 | Saint Louis | St. Louis, MO-IL | 21 | 13.3% | -10.4% | $27,721 | 127.7% | $35,407 |
| 20743 | Capitol Heights | Washington-Arlington-Alexandria, DC-VA-MD-WV | 22 | 19.5% | -18.9% | $97,371 | 119.9% | $116,764 |
Averages from these top 10 zip codes for biggest average percentage return on flips:
- Average of 17 flips during the fourth quarter
- Average flip share of 12 percent of all single family home sales
- Average increase of 3 percent in share of flips from a year ago
- Average purchase price of $66,695
- Average gross profit of $99,419 and average gross return of 150.9 percent
Data source: RealtyTrac