Boone County, IL Records 3 Home Flips with $128K Average Gross Profit
Despite a small volume, investors in Boone County, Illinois, achieved a 49.6% average gross ROI on flipped properties over the past year.
County Overview: Flip Activity in Boone, IL
Real estate investors in Boone County, Illinois, completed 3 residential home flips over the trailing 12-month period ending July 2026, according to BatchData's Flip Activity Report. This limited activity positions Boone County with a smaller footprint in the broader Illinois market, accounting for 0.0% of the state's total flip volume. The county ranks #71 out of 84 counties in Illinois for flip activity, reflecting its relatively modest contribution compared to more active regions across the state. For context, Illinois saw a total of 11,892 residential flips, while the national total stood at 341,944 during the same period.
The economics for the few flips in Boone County reveal significant gross margins. The average gross profit for these properties reached $128K, demonstrating substantial value creation from rehabilitation and resale. This robust profit translates into an impressive average gross ROI of 49.6% for investors turning properties in the area. Such a high return indicates strong demand or efficient value-add strategies for the specific properties involved. The average time it took to complete a flip in Boone County was 207 days, suggesting a moderate holding period before properties were resold.
Local Market Context: Investment Dynamics in Boone, IL
The average gross profit of $128K in Boone County represents a notable return on investment for the properties that were flipped. This figure is a gross measure, indicating the difference between the purchase and resale price before accounting for rehab, holding, or selling costs. The resulting average gross ROI of 49.6% highlights the potential for profitable ventures in the county, even with a low volume of transactions. For real estate investing strategies focused on high-margin opportunities, these figures suggest that when flips do occur, they can be highly lucrative.
The average days to flip, recorded at 207 days, indicates that investors in Boone County held properties for approximately seven months before reselling them. This falls within the "longer hold" category (6-12 months) for flip activity, suggesting a strategy that may involve more extensive renovations or a more deliberate market timing approach rather than very rapid turnaround projects. This holding period contributes to the overall capital cycle for investors and can influence decisions on future projects.
Compared to the state and national landscapes, Boone County's low volume of 3 flips makes it an outlier. While larger states like Illinois contribute significantly to national flip totals with 11,892 flips, Boone County's 0.0% share of the state total means its trends do not structurally track the broader market. Instead, it represents a highly localized market where individual flip transactions carry more weight in the overall statistics. This divergence from state and national patterns suggests that investors looking for opportunities in Boone County might find fewer options but potentially higher individual returns on the specific properties that are flipped. The limited activity also means that each transaction is highly impactful on the county's average metrics, indicating a market where careful, property-specific analysis is paramount for investors utilizing property data.