This is a complete analysis on the best cities in Georgia for house flipping.
Backed by data with sources.
Learn where the distressed properties are, how long it takes to flip, and which cities are the most profitable.
Let’s jump right in:
Atlanta
The real estate market in Atlanta has a pretty quick turnaround time with the average median days on the market standing at 43. This minimizes holding costs for sellers and maximizes potential profits for investors interested in flipping houses. flip houses
With a 15% increase in the number of homes sold in Atlanta compared to the previous year, the city housing market shows promising potential. The median home value in Atlanta in December 2023 was up 6.5% compared to the year before, selling for a median price of $410K.
Around 17% of homes sold in the last year were sold above the average listed property prices. This shows real estate investors that there’s a strong demand for homes. This makes Atlanta one of the best cities for house flipping in Georgia.
New York, Los Angeles, and San Fransisco are among the top cities responsible for the influx of new Atlanta residents. Great schools and a favorable climate are among the top reasons why property investors choose to move to Atlanta, Georgia.
Median days on the market: 43
Median home price: $410,000 (+6.5%)
Homes sold above list: 17%
Housing market data
Augusta
The median home prices in Augusta are $286K, down 24.2% compared to the previous year. However, the median sale price per square foot is $187, which is a 171% increase compared to the year before.
Homes in Augusta typically sell after just 9 days on the market. This means that investors can expect to flip houses quickly and potentially make a good profit on their investment property.
This is especially a good turnaround time for many house flippers who take out hard money loans to fund their investment properties. People are moving to Augusta from Atlanta, Miami, and Charlotte.
Median days on the market: 46
Median home price: $199,250 (-0.33%)
Homes sold above list: 24%
Housing market data
Savannah
Homes in Savannah typically sell after 40 days on the market. This means investors can expect to sell their flipped homes quickly and move on to their next project.
In December 2023, 22% of homes in Savannah sold above the list price. This indicates that there is a strong demand for housing and that investors can potentially make a good profit on their flips.
People are moving to Savannah from Atlanta, New York, and Washington, DC. These are all major cities with high housing costs. As a result, people who are moving to Savannah are likely to be willing to pay a premium for housing, which benefits investors.
Median days on the market: 40
Median home price: $337,772 (+18.5%)
Homes sold above list: 22%
Housing market data
Columbus
Columbus is a great city for investors interested in house flipping. The market is competitive, but there is a strong demand for housing. Investors can expect to sell their homes quickly. The demand is driven by people moving from Atlanta, Miami, and Charlotte.
Homes in Columbus typically sell after 24 days on the market. This is a fairly quick turnaround time for investors who are flipping houses for profit. In December 2023, 19% of homes in Columbus sold above the list price.
Median days on the market: 43
Median home price: $265,00 (+6%)
Homes sold above list: 33.3%
Housing market data
Athens
When flipping houses in Georgia, Athens offers great investment opportunities. The city also have a rich and vibrant community and is a popular location in the Georgia housing market.
Homes in Athens typically sell after 33 days on the market. The average homes sell for about 2% below the list price in Athens, while competitive properties can sell for the list price in less than two weeks.
One of the things that attract residents to Athens are the good schools. Local schools get excellent ratings, based on academic progress and college readiness.
Median days on the market: 33.5
Median home price: $321,000 (+6.1%)
Homes sold above list: 11.4%
Housing market data
Macon
The Macon real estate market has been experiencing steady growth. Providing a favorable environment for flippers. Since Macon real estate values are lower, it’s easier to achieve higher profits.
The median sale price of $195,000 in Macon is lower than the national average. Making it an attractive option for investors looking for affordable properties to flip. In December of 2023, more than a hundred homes were sold in Macon. This is a 9% increase compared to the year before, showing a growing housing market.
There is a strong demand for housing in Macon. Driven by the city’s growing population and job market. This demand can help house flippers to sell their flipped homes quickly and hopefully for a profit.
Median days on the market: 46
Median home price: $195,000 (+19.7%)
Homes sold above list: 11.4%
Housing market data
Sandy Springs
In December 2023, homes in Sandy Springs typically sold after 37 days on the market. This allows house flippers to sell their flipped homes quickly and move on to their next flip project. With the help of an experienced real estate agent, Sandy Springs can be a great market for house flippers.
Approximately 17% of homes in Sandy Springs sold above the list price. This indicates that there is a strong demand for housing in the city. Around 14% of homes have price drops, ideal for profitable house flipping.
Median days on the market: 48
Median home price: $615,000 (+42.2%)
Homes sold above list: 24.1%
Housing market data
Is Georgia a good market to flip houses?
The Georgia real estate market has strong buyer demand and a competitive selling environment. This can be beneficial for flippers aiming to sell quickly and potentially for higher than the asking price.
Cities throughout Georgia have median sale prices ranging from under $100k to over $500k. This diverse price range allows investors to choose markets that align with their budget and target market.
With the help of a real estate agent, flipping houses in Georgia can be a great investment opportunity. The housing market in Georgia is stable and competitive, which is favorable for flipping houses.
Do you need a license to flip houses in Georgia?
You don’t need a specific license to flip houses in Georgia. As an investor, you can freely buy and sell houses for flipping purposes without holding a real estate license.
However, getting a real estate license has a few advantages. You get access to the Multiple Listing Service (MLS) and build connections with agents, brokers, and other industry professionals.
How much do house flippers make in Georgia?
The amount house flippers make in Georgia depends on factors like location, property type, type of financing involved, purchase price and more.
ZipRecruiter reports an average annual salary of $74,290 for real estate flipping in Georgia. The average salary for a house flipper in Atlanta is higher at $84,613, with an overall wider range of $34,620 to $114,437. Houzeo mentions an average gross profit of $66,500 per flip in Atlanta.
Conclusion
While these are the best cities for house flipping in Georgia, it doesn’t mean you won’t find great deals elsewhere. Many other cities like Tifton have lots of distressed properties to fix and flip. If you’re interested in buying a property and need fix and flip financing, contact us to get started.
Data updated February 16, 2024