Top 30 Hipster Zips for Profitable Home Flips

Mar 09, 2016 - 3 Min read
Daren Blomquist
Real Estate Expert

While the definition of hipster continues to evolve — with hipsters always one step ahead of those who try to define them — there remains at least one incontrovertible truth as it relates to the real estate needs of this particular tribe: they need a place to live.

But hipsters typically aren’t looking for just any place to live; they are looking for a place that matches their particular vision of what a city, a neighborhood and a home should look, sound, feel, smell and taste like. When they find that vision, they are willing to pay a premium to experience it, which represents a boon for home flippers operating in those areas appealing to the hipster aesthetic — especially given that many of the hipster hot spots are urban core neighborhoods with plenty of older homes in need of major renovation.

RealtyTrac identified the top 30 hipster zip codes nationwide for profitable home flipping based on average flipping returns along with demographic data from the U.S. Census. All 30 of these zip codes met five criteria that brand them not only as hipster hot spots but also as highly profitable for home flipping (see criteria list below). RealtyTrac ranked the zip codes based on the share of the population aged 20 to 34 in 2014.

 

Slideshow of Potential and Finished Home Flips in Hipster Zips

Leave a comment

Your email address will not be published. Required fields are marked *

You might also like
Will White House plan increase real estate supply?
4 min read Will White House plan increase real estate supply?

The Biden Administration is taking steps to increase the available housing stock in an effort to overcome today’s massive inventory shortage – what does this mean for investors

Biden Affordable Housing Program a Good Start. But Are Investors Really the Problem?
3 min read Biden Affordable Housing Program a Good Start. But Are Investors Really the Problem?

The Biden Administration proposed a series of actions intended to begin to address the country’s affordable housing problem. The proposal is a good start but..

CDC Eviction Ban Ends, What Comes Next?
4 min read CDC Eviction Ban Ends, What Comes Next?

The Supreme Court has spoken, and the CDC’s nationwide eviction moratorium is over. And while this can be seen as good news for real estate investors, the path ahead is not especially clear.