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? 

7. Lakeland, Fla. (37 percent)

Scott Iskowitz/AP/File
A Publix supermarket in Zephyrhills, Fla. Publix is headquartered in nearby Lakeland, and it is that city's largest employer.

Total housing units: 279,959

Single family flips: 660

Average pre-flip purchase price: $68,444

Average flipped price: $93,715

Lakeland had the second-lowest pre-flip purchase price in the top 10, narrowly edged out by Memphis Tenn. Located in the center of the state and relatively far from the coasts, it’s among Florida’s lower-priced markets. The area’s largest employer is Publix Supermarkets, one of the largest regional grocery stores in the Southeast. Publix's corporate headquarters and large warehouses are in Lakeland.

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