Another source, WalletHub, did a fix-to-flip study, ranking 150 cities nationwide in which only 2 New Jersey cities ranked, Jersey City (140) and Newark (148). The WalletHub study found that the average return on investment was $62,624 (gross flipping profit) in 2016.

TOP 5 NJ ZIP CODES (HOME FLIP PERCENTAGES IN 2015)

  1. 07107 (Newark – 15%)
  2. 07108 (Newark – 12%)
  3. 08046 (Willingboro – 11.9%)
  4. 08757 (Toms River – 11.7%)
  5. 07103 (Newark – 11.6%)