According to a report, about a dozen Birmingham-area ZIP codes show a promising market for flipping houses. The town of Moody had the highest number of flips in the area in 2013 with 58. The municipality has a population of a little under 10,000, and the median selling price for the houses was $128,333. The average purchase price on those homes was $42,750, and once flipped, the homes sold for an average of $175,420. This represents a 310 percent gross profit rate.

Trussville has about the same population, but only 36 flips took place last year. Houses were bought at an average of $182,773 and sold at an average flipped price of $197,133. Odenville’s 32 flips in 2013 netted a 118 percent profit for investors in the town, and the city of Birmingham itself saw 23 houses flipped for a 107 percent profit margin. Ragland’s six flips yielded an 875 percent margin, with flipped houses selling for $78,000 after being purchased for $8,000.

If you are thinking of flipping a home in Birmingham, these are the places you’ll likely have the most financial gain. But remember, like all gambles, nothing in home flipping is guaranteed. Good luck!