What's going on right now in the home flipping market, as told by 15 charts

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Home flipping exploded during the Pandemic Housing Boom, as surging home prices and low interest rates lured investors into the fix & flip market. But the 2022 interest rate shock abruptly ended the frenzy, driving out many newcomers and forcing veteran operators to adjust to slimmer profits.

As we round out 2025, where does the home flipping market stand now?

​​In March 2025, we published our first-ever LendingOne–ResiClub Fix and Flip Survey. In today’s article, we’ll share the full results from the LendingOne-ResiClub Fix and Flip Survey for Q3 2025. The flipper survey was fielded from August 20 to September 15, 2025. In total, 216 home flippers took the survey.

Topline Findings 

1. Home Flipper Sentiment and Intent 

• 56% of U.S. home flippers describe their primary market as somewhat strong (44%) or very strong (12%).

• Expectations for demand have softened: 28% of flippers now anticipate weaker demand over the next year, up from 21% in Q1 2025.

Fix and Flip Activity:

• A strong majority of seasoned flippers (88%) still plan to complete at least one project in the next 12 months.

• Nearly two-thirds (64%) of flippers plan to convert at least one project into a rental property.

2. Financial Considerations

• Budgets vary widely, but Northeast flippers tend to spend the most, with half (50%) investing more than $100,000 per project.

• 56% of respondents say kitchen upgrades deliver the best ROI.

• 41% of U.S. home flippers report a typical margin of 20–29%.

3. The biggest concerns across U.S. markets, according to home flippers 

Organization and timeline stress:

• Working with contractors continues to be one of the most challenging aspects of fix and flip projects (28%), followed by staying on timeline (23%), obtaining financing (21%), and budget management (17%).

• Two-thirds (66%) of flippers say their projects typically take 4–6 months from purchase to resale. In the Northeast, however—where regulation is heavier—12% report project timelines of 10 months or longer.

Regional variation and pain points:

• Nationally, competition for properties (28%) and interest rates (27%) are cited as the biggest current challenges. In the Northeast and Midwest, competition is even more acute, with 39% and 37% respectively naming it their top concern.

• The Midwest is viewed as the strongest region, with 23% of flippers calling their market very strong and 50% calling it somewhat strong.

• The Southwest is seen as the weakest region, with 17% describing their market as very weak and 43% as somewhat weak.

Let’s view the full results.