Chemung County Sees 53 Home Flips in July 2026, Averaging 34.2% Gross ROI
Chemung County's real estate market demonstrated consistent investor activity in July 2026, with 53 residential homes bought and resold within a 12-month period, signaling a healthy appetite for property rehabilitation and resale. The local market's average gross profit reached $39K per flip, reflecting solid returns for investors in the region.
County Overview
In July 2026, Chemung County, New York, recorded 53 home flips, indicating a steady pace of investor-driven renovations and resales. This activity, defined as residential properties purchased and resold within 12 months, contributed an average gross profit of $39K per flip for investors. The average gross return on investment (ROI) for these flips stood at 34.2%, a significant pre-cost margin that attracts those engaged in real estate investing. This gross ROI measures the profit relative to the initial purchase price, excluding additional expenses such as rehab, holding, and selling costs.
The average time taken to complete a flip in Chemung County was 184 days. This hold length, just over six months, suggests that many investors in the area are undertaking more substantial renovation projects rather than focusing solely on rapid, cosmetic updates. The 184-day average places flips predominantly within the 6-12 month hold category, allowing for more comprehensive improvements that can justify higher resale values. This pattern provides insight into the nature of capital deployment and turnaround expectations within the county.
According to BatchData's Flip Activity Report for July 2026, Chemung County's 53 home flips position it at #34 among New York's 62 counties. This volume represents 0.6% of the state's total flip activity, which saw 9,352 homes flipped across New York. While not a top-tier market by sheer volume, Chemung County maintains a notable presence, reflecting a stable environment for investors seeking opportunities outside the state's largest metropolitan areas. The statewide activity of 9,352 flips contributes to a national total of 341,944 homes flipped, underscoring the broader scale of investor engagement across the U.S.
Local Market Context
Chemung County's flip metrics indicate a market that, despite its more modest volume compared to larger New York counties, offers compelling returns. The average gross profit of $39K per flip, coupled with a 34.2% gross ROI, suggests that investors are finding profitable opportunities. These figures signal that even with a smaller share of the state's overall flip activity, the county supports viable margins for those who identify and execute successful renovation projects. This financial performance can be particularly attractive for mom-and-pop landlords and individual investors who rely on strong returns to grow their portfolios.
The average 184 days to flip in Chemung County is a critical metric for investors, as it directly impacts capital turnover. A holding period of just over six months implies that while some quick-turnaround projects may occur, a significant portion of activity involves more detailed rehab work. This pace suggests a market where investors may be less focused on high-volume, low-margin transactions and more on value-add strategies that require a longer investment cycle. This contrasts with markets known for extremely fast flips, where capital can be redeployed more quickly.
For investors, Chemung County presents a distinct profile within New York's diverse real estate landscape. Its ranking at #34 of 62 counties, with a 0.6% share of the state's total flips, highlights that it is not a market dominated by institutional investors or rapid speculative buying. Instead, the consistent activity and solid gross ROI suggest opportunities for those who can effectively manage renovations and sales over a slightly longer timeframe. Understanding these local dynamics is crucial for making informed decisions, whether an investor is sourcing new leads using property data API or analyzing market trends through market reports. The county's performance indicates a resilient segment of the housing market driven by targeted investment strategies and a focus on generating substantial gross profits.