Among 92 metropolitan statistical areas with at least 90 homes flipped in Q3 2016, those with the highest flipping rate were:

Memphis (11.0 percent)
Clarksville, Tennessee (9.5 percent)
Deltona-Daytona Beach-Ormond Beach (9.3 percent)
Tampa-St. Petersburg (9.3 percent)
Visalia-Porterville, California (9.3 percent)
York-Hanover, Pennsylvania (9.2 percent)
Lakeland-Winter Haven (9.0 percent)
Fresno, California (8.7 percent)
Miami (8.6 percent)
Las Vegas (8.2 percent)