RealtyTrac compiled a list of markets where flipping houses is most profitable, based on the average discount the property is purchased at and the average price for which it is sold.

To determine the top 15 markets for profitable flipping, RealtyTrac narrowed the metro list to only those with at least 500 flips in the first half of the year and where flipping had increased 10% or more from the previous year and where the gross profit was at least 10%.

See list below.

-- Written by Shanthi Bharatwaj in New York.

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