7 Best Cities in Tennessee for House Flipping

This is a complete analysis on the best cities in Tennessee 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:

Best Cities in Tennessee to Flip Houses

Here are the 7 best cities in Tennessee for fix and flip investors:

  1. Knoxville
  2. Nashville
  3. Murfreesboro
  4. Memphis
  5. Chattanooga
  6. Johnson City
  7. Clarksville


In Knoxville, the real estate investment market is sizzling hot. Demand is through the roof, and there just aren’t enough houses to meet it. This shortage is pushing prices higher and higher, making it an ideal spot for real estate investors. To add to the frenzy, Knoxville is a bustling tech hub, thanks to the University of Tennessee.

The city is brimming with older homes, dating back to the 1940s, 50s, and 60s. Just waiting to be transformed into modern marvels. Picture charming vintage houses turning into stylish, contemporary abodes—it’s happening all over Knoxville. They also have their own airport (TYS).

What’s more, property values here are climbing. Last year alone, they surged by a whopping 21.3%, hitting a median home value of $330,000. Homes in Knoxville don’t stick around for long. On average, they sell in just 50 days, and many go for above the asking price. With such a fast turnover, house flippers can expect quick profits on their investments.

Median days on the market: 50
Median home price: $330,000 (+21.3%)
Homes sold above list: 26.1%
Housing market data


Nashville needs no introduction; it’s one of the most famous cities in Tennessee, known far and wide as the Music City. Recent population growth has only turned up the volume on this town’s popularity. Not only is it the capital of TN, but it’s also one of the best cities for house flipping in Tennessee.

And it’s not just the music scene that’s humming along in this vibrant city. Nashville’s economy is firing on all cylinders, fueled by not just tunes, but also technology and tourism. That means there’s a steady stream of folks flocking here for work, play, and everything in between.

When it comes to prime neighborhoods, there are plenty of options! East Nashville, a stone’s throw from Downtown and Vanderbilt University, is buzzing with energy and ripe for flipping. Then there’s Madison, where you’ll find plenty of homes with price tags that are lower than average. Perfect for turning a profit!

With a massive demand for single-family new construction homes, builders can’t keep up. This creates the perfect opportunity for house flippers to make their mark on the Tennessee real estate market.

Median days on the market: 67
Median home price: $440,210 (+5.1%)
Homes sold above list: 14.5%
Housing market data


If you want to flip houses in Tennessee, Murfreesboro has become a sought-after hub for such endeavors. The city draws investors with its blend of economic diversity, cultural richness, and affordable real estate options.

The city’s job market spans various sectors including healthcare, education, manufacturing, and retail. Providing stability and attracting residents, fueling demand for housing. With its prime location near Nashville, Murfreesboro provides the tranquility and affordability of a smaller city. Not to mention lower property taxes. All while granting easy access to the cultural amenities and job opportunities of a major urban center.

The city offers an exceptional quality of life, with a thriving arts scene, excellent schools, and ample recreational facilities. Making it appealing to families and potential homebuyers. Its thriving housing market, with a median sale price of $401,000 and a sale-to-list price ratio of 98%, presents lucrative opportunities for house flippers to acquire investment property with steady appreciation potential.

Median days on the market: 60
Median home price: $402,990 (+8.9%)
Homes sold above list: 18.2%
Housing market data


With its lively culture, rich history, and a housing market that’s hotter than a Tennessee summer, Memphis is the place to be for savvy investors hoping for a successful flip. Memphis offers a golden opportunity for investors to get in on the action without breaking the bank.

The overall cost of living is 10% lower than the national average, so your investment dollars will stretch further. Also, with 78% of homebuyers looking to stay within the metropolitan area, Memphis locals are loyal to their city. Especially considering there are top-notch public schools such as Shelby County Schools. Families are eager to put down roots and call Memphis home sweet home.

But perhaps the real draw of Memphis to real estate investors lies in its endless opportunities. With a robust selection of properties just waiting to be transformed, you’ll never run out of chances to turn a profit and leave your mark on the city skyline.

Median days on the market: 51
Median home price: $169,950 (+6.2%)
Homes sold above list: 11.6%
Housing market data


As one of the largest and fastest-growing cities in Tennessee, Chattanooga presents ample opportunities for investors seeking to capitalize on its flourishing housing market.

First and foremost, Downtown Chattanooga is currently undergoing a revitalization, making it an ideal area for flipping houses. The ongoing redevelopment projects and infrastructure improvements create an ideal environment for investors to purchase properties at lower prices, renovate them, and sell them for a profit.

With a median home value of $310,000, which is significantly lower than the national average by 23%, there is substantial potential for investors to acquire properties at relatively affordable prices and realize substantial returns on investment through strategic renovations and resale.

The city’s strong local economy serves as another driving force behind its house-flipping potential. Supported by tourism, manufacturing, medical, financial, and service industries, the stable economy ensures a steady demand for housing. It definitely continues to attract residents and new businesses.

Median days on the market: 51
Median home price: $310,000 (+6.9%)
Homes sold above list: 33.3%
Housing market data

Johnson City

Nestled in the heart of Tennessee, Johnson City shines as one of the top most affordable cities to live in the state. This makes the city a hot spot for savvy investors and flippers. In recent years, the local economy has been heating up, igniting a surge in the real estate market.

With home and list prices steadily climbing, the timing couldn’t be better for those looking to seize lucrative investment opportunities. Median sale prices are $250,000 and foreclosure list prices are well below local median numbers. There’s no shortage of promising properties waiting to be transformed into profitable ventures.

Johnson City proves itself as a prime location for maximizing real estate investment returns. Especially with its impressive 98.7% sale-to-list price ratio and 20% of homes selling above list price. It’s a win-win situation for both buyers and sellers, creating a dynamic marketplace brimming with potential.

Median days on the market: 50
Median home price: $249,950 (+2.6%)
Homes sold above list: 20.4%
Housing market data


One of the primary drivers of stability in the Clarksville real estate market is the nearby presence of the Fort Campbell military base. This installation not only provides a steady influx of potential homeowners and renters but also contributes to the overall economic resilience of the area.

A great deal of out-of-state investors are bolstered by the city’s reasonable tax laws and relatively low property tax rates. These factors not only enhance the profitability of flipping houses in the area but also contribute to a favorable investment climate that encourages external capital infusion.

Clarksville boasts a median real estate price of $299,000, making it an accessible market for both seasoned and new investors hoping to begin successfully flipping houses. The high sale-to-list price ratio of 98.5% indicates a strong demand for properties, with buyers willing to pay close to the asking price for desirable homes.

Median days on the market: 80
Median home price: $299,450 (+10.5%)
Homes sold above list: 7.1%
Housing market data

Data Updated March 5, 2024

Is Tennessee a good market to flip houses?

When it comes to making money flipping houses, Tennessee investment property can be quite profitable if you understand the local market trends, renovation costs, and potential resale values. It’s essential to have a solid understanding of the neighborhoods you’re targeting, as well as knowledge of the types of properties that tend to attract buyers in those areas.

Tennessee’s real estate market has shown resilience and growth over the years, with cities like Nashville, Memphis, and Chattanooga experiencing significant economic development and population growth. These factors contribute to an active market, creating opportunities for house flippers to capitalize on increasing property values and demand for renovated homes.

Especially if you have access to Tennessee fix and flip lenders and understand the dynamics of flipping properties in TN. Hard money lenders can be crucial for financing your house-flipping projects, especially if you’re looking to move quickly on distressed inventory.