Idaho

Idaho House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => Fremont
            [dma_name] => Idaho Falls-Pocatello, ID
            [flips] => 8
            [purchase_price] => 195580
            [resale_price] => 166666
            [gross_margin] => -28914
            [gross_margin_perc] => -14.7837
            [flipcount_rank] => 12
            [flipmargin_rank] => 13
        )

    [1] => Array
        (
            [CountyName] => Franklin
            [dma_name] => Salt Lake City, UT
            [flips] => 8
            [purchase_price] => 150000
            [resale_price] => 160000
            [gross_margin] => 10000
            [gross_margin_perc] => 6.6667
            [flipcount_rank] => 12
            [flipmargin_rank] => 12
        )

    [2] => Array
        (
            [CountyName] => Jerome
            [dma_name] => Twin Falls, ID
            [flips] => 9
            [purchase_price] => 120609
            [resale_price] => 175596
            [gross_margin] => 54987
            [gross_margin_perc] => 45.5911
            [flipcount_rank] => 11
            [flipmargin_rank] => 11
        )

    [3] => Array
        (
            [CountyName] => Shoshone
            [dma_name] => Spokane, WA
            [flips] => 10
            [purchase_price] => 117613
            [resale_price] => 147537
            [gross_margin] => 29924
            [gross_margin_perc] => 25.4428
            [flipcount_rank] => 10
            [flipmargin_rank] => 10
        )

    [4] => Array
        (
            [CountyName] => Washington
            [dma_name] => Boise, ID
            [flips] => 12
            [purchase_price] => 86507
            [resale_price] => 142676
            [gross_margin] => 56169
            [gross_margin_perc] => 64.9300
            [flipcount_rank] => 9
            [flipmargin_rank] => 9
        )

    [5] => Array
        (
            [CountyName] => Bannock
            [dma_name] => Idaho Falls-Pocatello, ID
            [flips] => 22
            [purchase_price] => 93000
            [resale_price] => 234125
            [gross_margin] => 141125
            [gross_margin_perc] => 151.7473
            [flipcount_rank] => 8
            [flipmargin_rank] => 8
        )

    [6] => Array
        (
            [CountyName] => Valley
            [dma_name] => Boise, ID
            [flips] => 24
            [purchase_price] => 322000
            [resale_price] => 339815
            [gross_margin] => 17815
            [gross_margin_perc] => 5.5326
            [flipcount_rank] => 6
            [flipmargin_rank] => 7
        )

    [7] => Array
        (
            [CountyName] => Elmore
            [dma_name] => Boise, ID
            [flips] => 24
            [purchase_price] => 98283
            [resale_price] => 165264
            [gross_margin] => 66981
            [gross_margin_perc] => 68.1512
            [flipcount_rank] => 6
            [flipmargin_rank] => 6
        )

    [8] => Array
        (
            [CountyName] => Twin Falls
            [dma_name] => Twin Falls, ID
            [flips] => 75
            [purchase_price] => 215020
            [resale_price] => 222063
            [gross_margin] => 7043
            [gross_margin_perc] => 3.2755
            [flipcount_rank] => 5
            [flipmargin_rank] => 5
        )

    [9] => Array
        (
            [CountyName] => Kootenai
            [dma_name] => Spokane, WA
            [flips] => 113
            [purchase_price] => 237605
            [resale_price] => 266000
            [gross_margin] => 28395
            [gross_margin_perc] => 11.9505
            [flipcount_rank] => 4
            [flipmargin_rank] => 4
        )

    [10] => Array
        (
            [CountyName] => Bonneville
            [dma_name] => Idaho Falls-Pocatello, ID
            [flips] => 121
            [purchase_price] => 161475
            [resale_price] => 195076
            [gross_margin] => 33601
            [gross_margin_perc] => 20.8088
            [flipcount_rank] => 3
            [flipmargin_rank] => 3
        )

    [11] => Array
        (
            [CountyName] => Canyon
            [dma_name] => Boise, ID
            [flips] => 218
            [purchase_price] => 199192
            [resale_price] => 242151
            [gross_margin] => 42959
            [gross_margin_perc] => 21.5666
            [flipcount_rank] => 2
            [flipmargin_rank] => 2
        )

    [12] => Array
        (
            [CountyName] => Ada
            [dma_name] => Boise, ID
            [flips] => 349
            [purchase_price] => 271365
            [resale_price] => 324041
            [gross_margin] => 52677
            [gross_margin_perc] => 19.4119
            [flipcount_rank] => 1
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in ID
CountyMarket AreaProfit Margin
AdaBoise, ID19%
CanyonBoise, ID22%
BonnevilleIdaho Falls-Pocatello, ID21%
KootenaiSpokane, WA12%
Twin FallsTwin Falls, ID3%
ElmoreBoise, ID68%
Bottom 5 Counties in ID
CountyMarket AreaProfit Margin
FremontIdaho Falls-Pocatello, ID-15%
FranklinSalt Lake City, UT7%
JeromeTwin Falls, ID46%
ShoshoneSpokane, WA25%
WashingtonBoise, ID65%
BannockIdaho Falls-Pocatello, ID152%

We calculate the profit margin by subtracting the original purchase price of the home from the new resale price across the average flipped house in that particular region (zip, county, or state).

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