Five out of the top 10 states on Joyride's final ranking are located in the South, indicating this region of the United States is ideal for home flipping.Louisiana is the best state for flipping houses. The state scored a 41.1 out of 50 in Joybird's report.
The average price of fixer-upper homes in Louisiana is $196,763. The state also offers a large construction labor force, the report states. The flipping gross profit in 2022 was $75,000 and the gross ROI was 55.6%, which equates to a 3% increase since 2021, according toOne advantage that Louisiana offers those looking to flip homes in the state is a low property tax rate of 0.55%, which is 0.44%
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