Flipping a house? The 10 best cities for flippers.

These 10 cities were the most profitable markets for people flipping a house in 2012, according to RealtyTrac. Can you guess which city had the highest average profit on flipped homes? 

5. Memphis, Tenn. (42 percent)

Jim Weber/The Commercial Appeal/AP/File
Shahad Almutshir practices his soccer skills on a trip downtown to Memphis's Mississippi River Park with his father Hekmat Almutshir, left, in April.

Total housing units: 548,533

Single family flips: 1,331

Average pre-flip purchase price: $68,317

Average flipped price: $96,869

Memphis is the largest city by population on the Mississippi River, as well as the largest city in the state of Tennessee (Nashville currently has the largest surrounding metropolitan area, however). Considered the poorest city in the US by median income, Memphis has the lowest average pre-flip purchase price for a single-family home in the Top 10. 

Earlier this year, Memphis's city council renamed three of the city's public parks to distance itself from Confederate historical ties. Jefferson Davis Park, for instance, was renamed Mississippi River Park. 

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