Markets

Graded by infrastructure spend, population, lender access, and actual flip/rental data flowing through Reflip.

Target markets

Philadelphia, PA

Gray Ferry science research lab breaks ground 2026; ~6-yr build. University City spillover. Lower entry prices than NYC/Boston with similar institutional anchor.

Pop.

1.6M

Median home

$248K

Median rent

$1.7K

Jobs +12mo

23.4K

Neighborhoods

Gray FerryA

31% flip ROI · 7.8% cap · 28 DOM

Anchor catalyst. Cosmetic flips clearing in <30 days; rentals supported by grad-student + lab-staff demand starting year 3.

Science research lab 2026Schuylkill yards spillover

BrewerytownA-

27% flip ROI · 7.2% cap · 34 DOM

Mid-cycle gentrification. Inventory tightening; competition with small developers building 2-3 unit condos.

Girard Ave revivalTrolley corridor

GermantownB+

24% flip ROI · 8.4% cap · 41 DOM

Better for buy-and-hold than flips. Strong FMR support; voucher absorption near 100%.

Vernon Park redevSection 8 demand stable

South Philly (Point Breeze / Newbold)A-

29% flip ROI · 6.9% cap · 30 DOM

Tight comp pull; rowhouse flips clearing well. Permit timeline 6–8 weeks is the real constraint.

Broad St corridorRestaurant density

Houston, TX

Population + jobs growth. No state income tax pulling capital. Inventory still loose enough to flip on margin.

B+

Pop.

2.3M

Median home

$278K

Median rent

$1.8K

Jobs +12mo

88K

Tampa, FL

Migration + jobs continue. Insurance cost is the constraint — flippers underwriting carries.

B+

Pop.

412K

Median home

$412K

Median rent

$2.1K

Jobs +12mo

41K

Monitoring

Chicago, IL

Population flat, but pockets like Pilsen/Bronzeville still flipping. Property tax volatility is the risk.

Excluded

Boston, MA

Excluded

Saturation. Entry price too high vs ARV ceiling. No margin to flip; rentals carry but yield compressed.

Detroit, MI

Excluded

Bank lending nearly absent; cash-only market kills the model.

Baltimore, MD

Excluded

Same as Detroit — institutional lending pulled back. Cash only.