Pittsburgh ranks as second best region for house flipping returns in the country

PITTSBURGH — The Pittsburgh region has ranked as the second-best in the nation for a return on investment from house flipping according to a new study from the Motley Fool’s real estate investing service, Millionacres, which analyzed data from ATTOM Data Solutions' Q2 2020 U.S. Home Flipping Study. The service then determined which market offers the best ROI overall and looked at how high returns have climbed on average for a given region.

For Pittsburgh, the study found the average ROI to be 135.6% and that gross returns overall were up 2% during the second-quarter of 2020.

Only the Hickory-Lenoir-Morganton region in North Carolina, which is about an hour’s drive northwest of Charlotte, topped the Steel City. The region had an average ROI of 143.3% and saw gross returns up 74% during the same time period.

Read more from our news partners at the Pittsburgh Business Times.

Real estate industry back on the market across Pennsylvania Real estate industry back on the market across Pennsylvania

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