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
| Population | 1,626,079 and five year growth rate of 11% |
| Income | Average Household Income of $61,506 and 5 year growth rate of 11.8% |
| Home Value | Average price of 3 bedroom 2 bath home of $222,700, and 5 year growth rate of 38% |
| Cost of Living | Phoenix is 93.7 vs 100 for the U.S. cost of living index |
| New Home Starts | 31,343 |
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 Rate | 402.9 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 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
Phoenix Real Estate Club
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.