Richmond, NY Sees 223 Home Flips with Average Gross Profits of $190K in July 2026
Richmond County, New York, recorded 223 residential home flips over the trailing twelve months leading up to July 2026, demonstrating active investor engagement within the borough's real estate market. These transactions yielded an average gross profit of $190,000 per flip, alongside an average gross return on investment (ROI) of 36.5%. The typical property in Richmond was held for an average of 198 days before resale, indicating a relatively swift capital turnover for investors in this market.
County Overview
Richmond County's 223 home flips represent a significant contribution to New York's overall real estate investor activity. According to BatchData's Flip Activity Report, this volume positions Richmond County at #14 among the 62 counties in New York, capturing 2.4% of the state's total flip activity. The average gross profit of $190,000 per flip highlights the substantial value creation possible through strategic property acquisition and renovation in the area. This figure underscores the potential for investors to achieve considerable returns, even before accounting for rehabilitation and holding costs, which are excluded from the gross ROI calculation.
The average gross ROI of 36.5% for flips in Richmond County further illustrates the market's attractiveness for real estate investing. This percentage reflects the efficiency with which capital is deployed and recovered, offering a compelling signal to potential investors seeking robust margins. With an average hold length of 198 days, investors are turning properties over within approximately six to seven months, suggesting a dynamic market where capital can be reinvested relatively quickly. This pace of activity supports a healthy environment for investors focused on short-term gains and efficient portfolio management. The balance between high gross profits and a moderate holding period indicates a mature flipping market.
Local Market Context
Richmond County's flip activity, with 223 homes flipped, stands as a notable segment within New York State's broader market, which saw a total of 9,352 flips during the same period. While Richmond County accounts for 2.4% of the state's total, its position at #14 among 62 counties suggests a concentrated level of activity relative to many other areas in New York. Nationally, the United States recorded 341,944 homes flipped, providing a context for the scale of investor interest in residential properties across the country. Richmond County's performance, therefore, reflects a localized hotbed of flipping activity within a larger state and national trend of investor engagement.
The average gross profit of $190,000 and gross ROI of 36.5% in Richmond County indicate strong profitability for local flippers. These metrics are crucial for investors evaluating market opportunities, signaling that properties in this specific New York county are capable of generating substantial value. The relatively quick average of 198 days to flip further reinforces Richmond's appeal, indicating that properties are moving off the market efficiently after renovation. This speed allows investors to recycle capital more frequently, potentially increasing overall annual returns from their real estate investing portfolios.
For real estate investing professionals, Richmond County presents opportunities for both seasoned investors and those looking to enter the market. The consistent flip activity, combined with healthy gross profits and ROI, suggests a predictable environment for identifying and executing profitable projects. While the county's flip volume is not among the absolute highest in the state, its strong average profit margins and efficient turnaround times make it a compelling market for targeted investment strategies. Investors interested in deeper analysis can leverage property data API solutions to uncover specific property characteristics and market trends that contribute to these profitable outcomes, identifying properties ripe for renovation and resale.