Delaware County, IA Sees 21 Home Flips with Average 17.3% Gross ROI in July 2026
Delaware County, Iowa, recorded 21 residential home flips over the trailing 12 months ending in July 2026, signaling a consistent level of investor activity within the local real estate market. These transactions generated an average gross profit of $29K per flip, with investors realizing a 17.3% average gross return on investment (ROI) before accounting for rehab, holding, or selling costs. The average time for these properties to be bought and resold, known as the average days to flip, was 156 days, indicating a relatively swift capital turnover for local investors.
County Overview
In July 2026, Delaware County, IA, demonstrated a notable level of real estate investment in the form of property flips. A total of 21 residential properties were purchased and resold within a 12-month period, according to BatchData's Flip Activity Report. This activity provides a clear measure of investor engagement in renovating and reselling homes, contributing to the local housing supply. Each of these flips generated an average gross profit of $29K, reflecting the value added through investor efforts.
The financial performance of these flips in Delaware County underscores the market's potential for investors. The average gross ROI stood at 17.3%, representing the gross profit as a percentage of the initial purchase price. This metric offers a critical insight into the profitability of flipping homes in the area, signaling healthy margins for those engaged in property rehabilitation and resale. Furthermore, the efficiency of capital deployment is highlighted by an average days to flip of 156 days, indicating that properties are typically held for just over five months before being returned to the market. This relatively quick turnaround allows investors to cycle their capital efficiently, a key consideration for real estate investing strategies.
Local Market Context
Delaware County's flip activity positions it within the broader Iowa real estate landscape. With 21 homes flipped, the county ranks #38 among Iowa's 98 counties. This volume represents 0.5% of the state's total of 4,187 residential flips recorded during the same period. While not among the highest-volume markets in Iowa, Delaware County's position in the upper half of counties by flip count suggests a steady, if not dominant, presence of investor-driven transactions. This indicates a consistent demand for renovated properties and opportunities for specialized local investors.
The specific metrics observed in Delaware County, an average gross profit of $29K and a 17.3% average gross ROI, provide investors with valuable insights into potential returns in this market. Compared to the state's total flip activity of 4,187, Delaware County's modest share suggests a market where local knowledge and targeted strategies are particularly effective. The average 156 days to flip further defines this market, indicating a moderate pace for property transactions that allows for renovation and resale without extended holding periods. For investors seeking markets with defined profit margins and predictable holding times, Delaware County presents a clear investment profile, supported by specific property data available through platforms like BatchData.