Phoenix House Flipping Guide

Phoenix House Flipping

House flipping in Phoenix can be lucrative if done right and during certain real estate market conditions. The city 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 since the Great Recession ended, 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. Also, there are many homes built in previous decades that are prime for fixing up for house flippers.

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 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/

Other Key Information

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/

Crime Rate

Phoenix Crime Rate 402.9 crime index versus 280.5 U.S. average

Phoenix Transportation

Neighborhoods to Flip Houses in Phoenix

North Phoenix / Anthem

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

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.

House Flipping Resources in 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

Tax Assessor

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/

Zoning

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

Title Searches

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/

Building Code and 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 cashiers check that must be paid to the auctioneer. Also, hire an agent to sell your house for you.

Don’ts

Don’t pay too much for a house. All the profits are based upon the purchase price before adding renovation costs and fees. Don’t think that you will make a lot of money on the backend and ignore getting a good deal on the front.

What to Look Out For

Look out for good contractors you learn about locally. Don’t try to fix the house yourself just to save money unless you are very experienced. This can lead to extended rehab times and more unexpected costs.

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

Many homes were built in previous decades that are prime for fixing up for house flippers in Phoenix. Phoenix is in a prime location for people who like the outdoors and a relaxed lifestyle.

The city has a lower unemployment rate than the rest of the state. 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.

In a nutshell, house flipping in Phoenix can be lucrative when the real estate market conditions are favorable.

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