Support Local Journalism. Donate to Riverfront Times.

Monday, October 14, 2019

St. Louis Is the Top House Flipping Market in the United States

Posted By on Mon, Oct 14, 2019 at 10:55 AM

click to enlarge Some people look at our red brick and see green. - PAUL SABLEMAN / FLICKR

A new report from shows St. Louis is one of the top markets for house flipping in the entire country.

Our status is based on investment home sales in the 100 largest metropolitan areas in the United States, and St. Louis earned the number one slot with 18.8 percent of sales in the area being investment property sales. Coming in second place was Birmingham, Alabama (17.3 percent) and third was Miami, Florida (17 percent).

So then where are all of these newly rehabbed, bright, beautiful, subway-tiled homes? As points out, these sales are not all just HGTV-worthy “flipped” homes. Many of these property sales come from out-of-state investors looking to buy cheap buildings, bring them up to code and then use them as rental properties.

“Landlords tend to look for lower-end properties in the northern part of St. Louis County,” the report states. “Particularly Ferguson, Missouri; known for the 2014 riots; Hazelwood, Missouri; and Glasgow Village, Missouri.”

The report quotes an expert who says that future landlords look to buy a move-in ready, single-family rental for around $30,000 and then lease it out to Section 8 tenants for around $800 a month.

The reports makes it seem like St. Louis is actually the best place for potential slumlords to go property shopping, not the number one place for Ty Pennington to rehab a man cave with a nautical theme. Bummer.

To find out more about the methods used to determine this ranking or to find out more about other cities that made the list, see the report at

Email the author at
  • Sign up for our weekly newsletters to get the latest on the news, things to do and places to eat delivered right to your inbox.
  • Follow us on Facebook, Twitter and Instagram.

Tags: , ,

We’re keeping you informed…
...and it’s what we love to do. From local politics and culture to national news that hits close to home, Riverfront Times has been keeping St. Louis informed for years.

It’s never been more important to support local news sources. A free press means accountability and a well-informed public, and we want to keep our unique and independent reporting available for many, many years to come.

If quality journalism is important to you, please consider a donation to Riverfront Times. Every reader contribution is valuable and so appreciated, and goes directly to support our coverage of critical issues and neighborhood culture. Thank you.

Read the Digital Print Issue

April 1, 2020


Never miss a beat

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.

Best Things to Do In St. Louis

© 2020 Riverfront Times

Website powered by Foundation