Daren Blomquist |
RealtyTrac
identified the top 30 hipster zip codes nationwide for profitable home flipping
based on average flipping returns along with demographic data from the U.S.
Census.
All 30 of
these zip codes met five criteria that brand them not only as hipster hot spots
but also as highly profitable for home flipping (see criteria list below).
RealtyTrac ranked the zip codes based on the share of the population aged 20 to
34 in 2014.
We also
created a sharable table of the Top 30
Hipster Zips for Profitable Home Flips (screenshot below) along with a slideshow of fixer-upper and
fixed-up homes in some of the top zip codes.
“Hipsters
typically aren’t looking for just any place to live; they are looking for a
place that matches their particular vision of what a city, a neighborhood and a
home should look, sound, feel, smell and taste like,” said Daren Blomquist, SVP at RealtyTrac.
“When they
find that vision, they are willing to pay a premium to experience it, which
represents a boon for home flippers operating in those areas appealing to the
hipster aesthetic — especially given that many of the hipster hot spots are
urban core neighborhoods with plenty of older homes in need of major renovation
Link to Tableau chart: https://public.tableau.com/views/Top30ZipsforHomeFlips/Dashboard1?:embed=y&:display_count=yes&:showTabs=y
For a complete copy of the company’s news release,
please contact:
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