The average home flipper generated a gross profit of $67,900 in 2022. There were a total of 407,417 single-family homes and condos flipped last year, meaning house flippers collectively earned a gross profit of about $27.7 billion.

However, the returns generated by house-flipping projects can vary dramatically based on several factors. For example, how many "surprises" did the flipper encounter while doing renovations? Did they finance the project or pay cash? And how strong is their local real estate market?

Speaking of local real estate markets, investors in some states achieved dramatically higher returns on house-flipping projects than the national average.

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Source Fool.com