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] => 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] => 12
        )

    [2] => 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] => 11
        )

    [3] => 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] => 10
        )

    [4] => 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] => 9
        )

    [5] => 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] => 8
        )

    [6] => 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] => 7
        )

    [7] => 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] => 6
        )

    [8] => 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] => 5
        )

    [9] => 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] => 4
        )

    [10] => 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] => 3
        )

    [11] => 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] => 2
        )

    [12] => 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] => 1
        )

)
Top 5 Counties in ID
CountyMarket AreaProfit Margin
BannockIdaho Falls-Pocatello, ID152%
ElmoreBoise, ID68%
WashingtonBoise, ID65%
JeromeTwin Falls, ID46%
ShoshoneSpokane, WA25%
CanyonBoise, ID22%
Bottom 5 Counties in ID
CountyMarket AreaProfit Margin
FremontIdaho Falls-Pocatello, ID-15%
Twin FallsTwin Falls, ID3%
ValleyBoise, ID6%
FranklinSalt Lake City, UT7%
KootenaiSpokane, WA12%
AdaBoise, ID19%

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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