Phoenix House Flipping Guide

Phoenix House Flipping Guide

House flipping in Phoenix has been growing and profitable for a number of years. Phoenix has a growing population, many of which are transplants from the San Francisco Bay Area as that area’s home values have skyrocketed in recent years.

The home values in Phoenix have increased significantly in recent years, making the market competitive for house flippers. The city has a lower unemployment rate than the rest of the state. Phoenix is in a prime location for people who like the outdoors and a relaxed lifestyle.

There are many older homes that are prime for fixing & flipping if you’re willing to put the work and capital in.

Key House Flipping Statistics for Phoenix

Population1,626,079 and five year growth rate of 11%
IncomeAverage Household Income of $61,506 and 5 year growth rate of 11.8%
Home ValueAverage price of 3 bedroom 2 bath home of $222,700, and 5 year growth rate of 38%
Cost of LivingPhoenix is 93.7 vs 100 for the U.S. cost of living index
New Home Starts31,343

Phoenix Property Taxes

Maricopa County

The median property tax in Maricopa County, Arizona is $1,418 per year for a home worth the median value of $238,600. Maricopa County collects, on average, 0.59% of a property’s assessed fair market value as property tax.

The average yearly property tax paid by Maricopa County residents amounts to about 2.06% of their yearly income. 

For properties considered the primary residence of the taxpayer, a homestead exemption may exist.

https://treasurer.maricopa.gov/

Phoenix Flood Zones

Flood Zones in Phoenix (Maricopa County) include:

  • A
  • AE
  • AH
  • AO
  • Regulatory floodway not within the 100-year floodplain

Maricopa County Floodplain Information:

https://www.maricopa.gov/959/Floodplain-Information-Insurance

City of Phoenix floodplain management site includes maps and rating of the Special Flood Hazard Areas within the City.

https://www.phoenix.gov/streets/floodplain-management

FEMA Flood Map Service Center:

https://msc.fema.gov/portal/search

Maricopa GIS floodplain viewer:

https://gis.maricopa.gov/FloodplainViewer/

Phoenix Crime Rate

Phoenix Crime Rate402.9 crime index versus 280.5 U.S. average

Neighborhoods to Flip Houses in Phoenix

North Phoenix / Anthem

The median home value in Anthem is $324,300. Public schools are good in this neighborhood and also great for families, although nightlife is lacking here.

Scottsdale

The median home value in this neighborhood is $433,500. Scottsdale has plenty of bars and restaurants, giving it a strong social atmosphere and nightlife. Many young professionals and retirees move to Scottsdale and the public schools in Scottsdale are of great quality.

Southeast Valley / Chandler

Chandler has a median home value of $268,000 and is good for families and has very good public schools. Nightlife is decent but crime levels are somewhat high in comparison to other areas of Phoenix.

Hard Money Lenders in Phoenix

Phoenix Hard Money Lenders

Phoenix Foreclosure Auctions

Many Phoenix-area foreclosures can be found online

https://www.zillow.com/phoenix-az/foreclosures/

Arizona Superior Court Foreclosure Laws

https://www.superiorcourt.maricopa.gov/LawLibrary/Docs/PDF/Guides/Foreclosure.pdf

Maricopa County online foreclosure listings

https://www.zillow.com/maricopa-county-az/foreclosures/

Superior Court of Maricopa County

https://superiorcourt.maricopa.gov/

Maricopa County Courthouse, 125 W. Washington St., Phoenix, Arizona

Phoenix Property Taxes

Mariocopa County Assessor’s Office

https://mcassessor.maricopa.gov/

Maricopa County Treasurer’s Office Understanding the Tax Bill

https://treasurer.maricopa.gov/Pages/LoadPage?page=TaxBill

Maricopa County Assessor Parcel Viewer

https://maps.mcassessor.maricopa.gov/

Phoenix Zoning & Maps

City of Phoenix Zoning Maps

https://www.phoenix.gov/pdd/pz/pzmaps

Maricopa County Property and Zoning

https://www.maricopa.gov/3145/Property-Zoning

Maricopa GIS Mapping Applications

https://www.maricopa.gov/3942/GIS-Mapping-Applications

Maricopa County Assessor Search for Parcels

https://mcassessor.maricopa.gov/

Maricopa County Assessors Residential Property

https://www.mcassessor.maricopa.gov/property/residential-property.php

Maricopa County Recorder

https://recorder.maricopa.gov/recdocdata/

Phoenix Housing Permits

Maricopa County Planning and Development

https://www.maricopa.gov/797/Planning-Development

Maricopa County Permits

https://www.maricopa.gov/188/Permits

Maricopa County Obtain Building Permits / Plans

https://www.maricopa.gov/2384/Obtain-a-Building-Permit-Submit-Plans

Maricopa County Residential Construction

https://www.maricopa.gov/1674/Residential-Construction

Maricopa County Permitting Process

https://fcd.maricopa.gov/499/Permits

Maricopa County Construction Codes

https://www.maricopa.gov/2262/Construction-Codes

Phoenix House Flipping Tips

Do’s

A good way to purchase fix and flip properties is at the Trustee Auctions downtown and around the valley. There is a $10,000 cashier’s check that must be paid to the auctioneer.

Don’ts

Don’t pay too much for a house. There are plenty of fixers in Phoenix to choose from, so don’t overpay. The amount of home supply is generally pretty high in Phoenix, so if you overpay for a house you could end up with a loss.

Real Estate Flipping and Investing Groups in Phoenix

Real Estate Investors Groups through meetup

https://www.meetup.com/topics/real-estate-investors/us/az/phoenix/

Arizona Real Estate Investors Association

https://azreia.org/

Phoenix Real Estate Club

www.PhoenixRealEstateClub.com

Phoenix House Flipping Outlook

There are plenty of houses prime for fixing up and selling in Phoenix. Phoenix is in a prime location for people who like the outdoors and a relaxed lifestyle.

Phoenix has a lower unemployment rate than the rest of Arizona. The city has a growing population, many of whom come from outside the area looking to buy homes. The home values in Phoenix have increased over the last several years, making the market competitive for house flippers. However, there are plenty of profitable opportunities in and around Phoenix.

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