Herkimer County Sees 30 Home Flips with Average 59.5% Gross ROI in July 2026
Herkimer County, New York, recorded 30 residential home flips during the trailing 12-month period ending July 2026, signaling focused investor activity within the upstate market. These flips generated an average gross profit of $69,000, yielding a robust average gross ROI of 59.5%. This performance highlights the potential for significant returns on capital deployment for real estate investors in the region, according to BatchData's Flip Activity Report. The average time to complete a flip in Herkimer County was 158 days, indicating a relatively efficient capital turnover for those engaged in property rehabilitation and resale.
Herkimer County Flip Activity Overview
In the latest period, Herkimer County's residential real estate market saw 30 homes bought and resold within a 12-month timeframe. This volume positions Herkimer County as a smaller player within New York State's broader flipping landscape, ranking #43 among 62 counties. Its 30 flips represent 0.3% of the state's total of 9,352 flips, demonstrating a concentrated, rather than widespread, flipping environment compared to more populous areas. Despite the lower volume, the economics for individual flips in Herkimer County are notable, with an average gross profit of $69,000. This profit margin is a key indicator for real estate investing strategies, suggesting that while opportunities may be fewer, they are financially compelling for those who identify and execute them effectively.
The average gross ROI of 59.5% further underscores the profitability of flipping in Herkimer County. This gross return, calculated before rehab, holding, and selling costs, provides a strong initial signal of market health and investor appetite for value-add properties. Such a high ROI suggests that properties are being purchased at favorable prices, improved efficiently, and resold at significantly higher values. The average 158 days to flip means that capital is typically tied up for just over five months, a timeframe that can appeal to investors looking for relatively quick capital cycles. This quick turnaround allows investors to redeploy their funds into new projects sooner, maximizing their annual potential returns.
Local Market Context for Investors
Herkimer County's flip activity, though modest in volume compared to the New York state total of 9,352 and the national total of 341,944 flips, presents a distinctive profile for investors. The county’s lower rank in total flips (#43 of 62 counties) implies that the market is not driven by the sheer scale of transactions seen in larger metropolitan areas. Instead, the focus appears to be on quality over quantity, with individual flips yielding substantial gross profits and impressive gross ROIs. This divergence from high-volume markets suggests a more specialized approach to flipping, where local market knowledge and targeted property selection are paramount.
The 59.5% average gross ROI in Herkimer County indicates that investors are finding properties with significant value-add potential. This could be due to a variety of factors, including undervalued properties, strong demand for renovated homes, or a less competitive purchasing environment compared to denser markets. The average gross profit of $69,000 per flip further supports this notion, demonstrating that even with fewer transactions, the financial upside for successful projects is substantial. For investors analyzing property data and considering entry into this market, these figures suggest that while the pool of potential flips might be smaller, the economic rewards for each completed project are robust. The average 158 days to flip also points to a market where properties can be renovated and resold with reasonable speed, allowing investors to manage their capital effectively and pursue multiple projects within a year if desired. This blend of strong returns and efficient turnaround makes Herkimer County an interesting proposition for investors seeking high-margin opportunities outside of the state's primary flipping hubs.