Statistics aren't everything, but they can give you a good idea of what sort of competition you'll face and what markets to focus your investing efforts in. You should also use them to set expectations for your next flip and guide you when making an offer.

If a market offers typically low ROIs, you'll need to work even harder to secure a low price point to get returns. Estimating your rehab costs accurately will be even more critical, too.

House flipping has become increasingly popular over the last few years. In 2017, just 5.7% of all home sales were flips. By the first quarter of 2022, that share jumped to 9.6%.

The popularity of flipping shows such as HGTV's Fixer Upper and Flip or Flop probably has something to do with it. Growing interest from millennials doesn't hurt, either.

Are you thinking about getting into the fix-and-flip game? Just want guidance on where to do your next flip? Here are more essential flipping stats to have on your radar for 2022.

Nationwide house-flipping stats: ROIs, flipping rates, and more

Nationally, flipping activity was on the rise in 2021. 323,465 homes were flipped in 2021, the most homes flipped in a single year since 2006 and a 26% increase from 2020.

Enthusiasm for home flipping grew in the first quarter of 2022. 114,706 homes were flipped, up nearly 7% from the previous quarter.

House flips as a percentage of all home sales

House flipping has been rising in popularity -- but how popular is it? The United States usually sees between 5 and 6 million homes sold per year. Here's how many of them are flips.

Read more: fool.com