Home flipping continues to lose steam in DC, but there are still pockets where flippers are making good profits. 

According to a new report from ATTOM, there were three zip codes in DC where flipped homes in the second quarter saw profits of at least $238,000: 20002, 20011, and 20019. The 20011 zip code (Brightwood, Crestwood, Petworth, Fort Totten) led the way 11 flips and an average gross profit of $377,000. 

The 20019 zip code (Deanwood, Marshall Heights, Benning Ridge) saw 8 flips with a gross profit of $249,000. In the 20002 zip code (Eckington, Ivy City, northeast Capitol Hill), there were also 8 home flips, with average gross profits of $238,000. 

While the rate declined, fortunes kept ticking upward for investors who buy, renovate and quickly resell homes. The latest data showed that investors typically earned a 30.4 percent profit nationwide before expenses on homes sold during the second quarter of this year, marking the fourth time in five quarters that margins increased following a six-year period of nearly continuous drop-offs.

The return on investment was up slightly from both the first quarter of 2024 and from a low point over the past decade of about 25 percent in the first quarter of last year!