Indiana

Indiana House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => Brown
            [dma_name] => Indianapolis, IN
            [flips] => 9
            [purchase_price] => 204572
            [resale_price] => 66003
            [gross_margin] => -138569
            [gross_margin_perc] => -67.7361
            [flipcount_rank] => 59
            [flipmargin_rank] => 61
        )

    [1] => Array
        (
            [CountyName] => Bartholomew
            [dma_name] => Indianapolis, IN
            [flips] => 56
            [purchase_price] => 198100
            [resale_price] => 71500
            [gross_margin] => -126600
            [gross_margin_perc] => -63.9071
            [flipcount_rank] => 27
            [flipmargin_rank] => 60
        )

    [2] => Array
        (
            [CountyName] => Posey
            [dma_name] => Evansville, IN
            [flips] => 12
            [purchase_price] => 170454
            [resale_price] => 144993
            [gross_margin] => -25461
            [gross_margin_perc] => -14.9372
            [flipcount_rank] => 55
            [flipmargin_rank] => 59
        )

    [3] => Array
        (
            [CountyName] => Washington
            [dma_name] => Louisville, KY
            [flips] => 17
            [purchase_price] => 212750
            [resale_price] => 185513
            [gross_margin] => -27237
            [gross_margin_perc] => -12.8024
            [flipcount_rank] => 47
            [flipmargin_rank] => 58
        )

    [4] => Array
        (
            [CountyName] => Steuben
            [dma_name] => Ft. Wayne, IN
            [flips] => 15
            [purchase_price] => 174938
            [resale_price] => 163743
            [gross_margin] => -11195
            [gross_margin_perc] => -6.3994
            [flipcount_rank] => 50
            [flipmargin_rank] => 57
        )

    [5] => Array
        (
            [CountyName] => Lawrence
            [dma_name] => Indianapolis, IN
            [flips] => 36
            [purchase_price] => 65000
            [resale_price] => 62500
            [gross_margin] => -2500
            [gross_margin_perc] => -3.8462
            [flipcount_rank] => 34
            [flipmargin_rank] => 56
        )

    [6] => Array
        (
            [CountyName] => Wells
            [dma_name] => Ft. Wayne, IN
            [flips] => 26
            [purchase_price] => 58001
            [resale_price] => 62500
            [gross_margin] => 4499
            [gross_margin_perc] => 7.7568
            [flipcount_rank] => 42
            [flipmargin_rank] => 55
        )

    [7] => Array
        (
            [CountyName] => Adams
            [dma_name] => Ft. Wayne, IN
            [flips] => 14
            [purchase_price] => 71250
            [resale_price] => 78000
            [gross_margin] => 6750
            [gross_margin_perc] => 9.4737
            [flipcount_rank] => 52
            [flipmargin_rank] => 54
        )

    [8] => Array
        (
            [CountyName] => Randolph
            [dma_name] => Indianapolis, IN
            [flips] => 16
            [purchase_price] => 79563
            [resale_price] => 88038
            [gross_margin] => 8475
            [gross_margin_perc] => 10.6519
            [flipcount_rank] => 49
            [flipmargin_rank] => 53
        )

    [9] => Array
        (
            [CountyName] => Spencer
            [dma_name] => Evansville, IN
            [flips] => 17
            [purchase_price] => 118236
            [resale_price] => 132153
            [gross_margin] => 13917
            [gross_margin_perc] => 11.7705
            [flipcount_rank] => 47
            [flipmargin_rank] => 52
        )

    [10] => Array
        (
            [CountyName] => Gibson
            [dma_name] => Evansville, IN
            [flips] => 47
            [purchase_price] => 46470
            [resale_price] => 52075
            [gross_margin] => 5605
            [gross_margin_perc] => 12.0615
            [flipcount_rank] => 30
            [flipmargin_rank] => 51
        )

    [11] => Array
        (
            [CountyName] => Hamilton
            [dma_name] => Indianapolis, IN
            [flips] => 169
            [purchase_price] => 215450
            [resale_price] => 269000
            [gross_margin] => 53550
            [gross_margin_perc] => 24.8550
            [flipcount_rank] => 9
            [flipmargin_rank] => 50
        )

    [12] => Array
        (
            [CountyName] => Warrick
            [dma_name] => Evansville, IN
            [flips] => 64
            [purchase_price] => 170000
            [resale_price] => 217313
            [gross_margin] => 47313
            [gross_margin_perc] => 27.8312
            [flipcount_rank] => 24
            [flipmargin_rank] => 49
        )

    [13] => Array
        (
            [CountyName] => Delaware
            [dma_name] => Indianapolis, IN
            [flips] => 178
            [purchase_price] => 2631
            [resale_price] => 3400
            [gross_margin] => 769
            [gross_margin_perc] => 29.2284
            [flipcount_rank] => 8
            [flipmargin_rank] => 48
        )

    [14] => Array
        (
            [CountyName] => Rush
            [dma_name] => Indianapolis, IN
            [flips] => 15
            [purchase_price] => 72500
            [resale_price] => 95000
            [gross_margin] => 22500
            [gross_margin_perc] => 31.0345
            [flipcount_rank] => 50
            [flipmargin_rank] => 47
        )

    [15] => Array
        (
            [CountyName] => Vigo
            [dma_name] => Terre Haute, IN
            [flips] => 40
            [purchase_price] => 75997
            [resale_price] => 100488
            [gross_margin] => 24491
            [gross_margin_perc] => 32.2263
            [flipcount_rank] => 32
            [flipmargin_rank] => 46
        )

    [16] => Array
        (
            [CountyName] => Porter
            [dma_name] => Chicago, IL
            [flips] => 88
            [purchase_price] => 161400
            [resale_price] => 215455
            [gross_margin] => 54055
            [gross_margin_perc] => 33.4913
            [flipcount_rank] => 17
            [flipmargin_rank] => 45
        )

    [17] => Array
        (
            [CountyName] => Perry
            [dma_name] => Evansville, IN
            [flips] => 20
            [purchase_price] => 54886
            [resale_price] => 78213
            [gross_margin] => 23327
            [gross_margin_perc] => 42.5008
            [flipcount_rank] => 43
            [flipmargin_rank] => 44
        )

    [18] => Array
        (
            [CountyName] => Hancock
            [dma_name] => Indianapolis, IN
            [flips] => 99
            [purchase_price] => 135000
            [resale_price] => 194875
            [gross_margin] => 59875
            [gross_margin_perc] => 44.3519
            [flipcount_rank] => 16
            [flipmargin_rank] => 43
        )

    [19] => Array
        (
            [CountyName] => Monroe
            [dma_name] => Indianapolis, IN
            [flips] => 113
            [purchase_price] => 139900
            [resale_price] => 202000
            [gross_margin] => 62100
            [gross_margin_perc] => 44.3888
            [flipcount_rank] => 15
            [flipmargin_rank] => 42
        )

    [20] => Array
        (
            [CountyName] => Morgan
            [dma_name] => Indianapolis, IN
            [flips] => 135
            [purchase_price] => 118619
            [resale_price] => 171307
            [gross_margin] => 52688
            [gross_margin_perc] => 44.4178
            [flipcount_rank] => 12
            [flipmargin_rank] => 41
        )

    [21] => Array
        (
            [CountyName] => Jasper
            [dma_name] => Chicago, IL
            [flips] => 29
            [purchase_price] => 175637
            [resale_price] => 260206
            [gross_margin] => 84569
            [gross_margin_perc] => 48.1499
            [flipcount_rank] => 38
            [flipmargin_rank] => 40
        )

    [22] => Array
        (
            [CountyName] => Montgomery
            [dma_name] => Indianapolis, IN
            [flips] => 66
            [purchase_price] => 85669
            [resale_price] => 128204
            [gross_margin] => 42535
            [gross_margin_perc] => 49.6504
            [flipcount_rank] => 23
            [flipmargin_rank] => 39
        )

    [23] => Array
        (
            [CountyName] => Kosciusko
            [dma_name] => South Bend-Elkhart, IN
            [flips] => 71
            [purchase_price] => 117884
            [resale_price] => 177000
            [gross_margin] => 59116
            [gross_margin_perc] => 50.1476
            [flipcount_rank] => 22
            [flipmargin_rank] => 38
        )

    [24] => Array
        (
            [CountyName] => Marion
            [dma_name] => Indianapolis, IN
            [flips] => 793
            [purchase_price] => 104971
            [resale_price] => 157856
            [gross_margin] => 52884
            [gross_margin_perc] => 50.3796
            [flipcount_rank] => 1
            [flipmargin_rank] => 37
        )

    [25] => Array
        (
            [CountyName] => Shelby
            [dma_name] => Indianapolis, IN
            [flips] => 64
            [purchase_price] => 76476
            [resale_price] => 115188
            [gross_margin] => 38712
            [gross_margin_perc] => 50.6198
            [flipcount_rank] => 24
            [flipmargin_rank] => 36
        )

    [26] => Array
        (
            [CountyName] => Allen
            [dma_name] => Ft. Wayne, IN
            [flips] => 562
            [purchase_price] => 98759
            [resale_price] => 151293
            [gross_margin] => 52535
            [gross_margin_perc] => 53.1952
            [flipcount_rank] => 2
            [flipmargin_rank] => 35
        )

    [27] => Array
        (
            [CountyName] => Floyd
            [dma_name] => Louisville, KY
            [flips] => 123
            [purchase_price] => 107000
            [resale_price] => 172000
            [gross_margin] => 65000
            [gross_margin_perc] => 60.7477
            [flipcount_rank] => 14
            [flipmargin_rank] => 34
        )

    [28] => Array
        (
            [CountyName] => Hendricks
            [dma_name] => Indianapolis, IN
            [flips] => 153
            [purchase_price] => 145795
            [resale_price] => 243319
            [gross_margin] => 97524
            [gross_margin_perc] => 66.8912
            [flipcount_rank] => 11
            [flipmargin_rank] => 33
        )

    [29] => Array
        (
            [CountyName] => Tippecanoe
            [dma_name] => Lafayette, IN
            [flips] => 81
            [purchase_price] => 98765
            [resale_price] => 165632
            [gross_margin] => 66866
            [gross_margin_perc] => 67.7021
            [flipcount_rank] => 19
            [flipmargin_rank] => 32
        )

    [30] => Array
        (
            [CountyName] => Blackford
            [dma_name] => Indianapolis, IN
            [flips] => 14
            [purchase_price] => 54000
            [resale_price] => 90938
            [gross_margin] => 36938
            [gross_margin_perc] => 68.4037
            [flipcount_rank] => 52
            [flipmargin_rank] => 31
        )

    [31] => Array
        (
            [CountyName] => Elkhart
            [dma_name] => South Bend-Elkhart, IN
            [flips] => 88
            [purchase_price] => 100926
            [resale_price] => 175532
            [gross_margin] => 74606
            [gross_margin_perc] => 73.9215
            [flipcount_rank] => 17
            [flipmargin_rank] => 30
        )

    [32] => Array
        (
            [CountyName] => Lake
            [dma_name] => Chicago, IL
            [flips] => 324
            [purchase_price] => 99870
            [resale_price] => 178734
            [gross_margin] => 78865
            [gross_margin_perc] => 78.9677
            [flipcount_rank] => 3
            [flipmargin_rank] => 29
        )

    [33] => Array
        (
            [CountyName] => Dearborn
            [dma_name] => Cincinnati, OH
            [flips] => 40
            [purchase_price] => 108351
            [resale_price] => 195000
            [gross_margin] => 86649
            [gross_margin_perc] => 79.9707
            [flipcount_rank] => 32
            [flipmargin_rank] => 28
        )

    [34] => Array
        (
            [CountyName] => Vanderburgh
            [dma_name] => Evansville, IN
            [flips] => 291
            [purchase_price] => 71473
            [resale_price] => 129984
            [gross_margin] => 58511
            [gross_margin_perc] => 81.8645
            [flipcount_rank] => 5
            [flipmargin_rank] => 27
        )

    [35] => Array
        (
            [CountyName] => Carroll
            [dma_name] => Indianapolis, IN
            [flips] => 10
            [purchase_price] => 77130
            [resale_price] => 140663
            [gross_margin] => 63533
            [gross_margin_perc] => 82.3713
            [flipcount_rank] => 57
            [flipmargin_rank] => 26
        )

    [36] => Array
        (
            [CountyName] => Johnson
            [dma_name] => Indianapolis, IN
            [flips] => 180
            [purchase_price] => 116000
            [resale_price] => 215990
            [gross_margin] => 99990
            [gross_margin_perc] => 86.1983
            [flipcount_rank] => 7
            [flipmargin_rank] => 25
        )

    [37] => Array
        (
            [CountyName] => Owen
            [dma_name] => Indianapolis, IN
            [flips] => 12
            [purchase_price] => 113000
            [resale_price] => 211500
            [gross_margin] => 98500
            [gross_margin_perc] => 87.1681
            [flipcount_rank] => 55
            [flipmargin_rank] => 24
        )

    [38] => Array
        (
            [CountyName] => Boone
            [dma_name] => Indianapolis, IN
            [flips] => 75
            [purchase_price] => 151000
            [resale_price] => 286637
            [gross_margin] => 135637
            [gross_margin_perc] => 89.8258
            [flipcount_rank] => 21
            [flipmargin_rank] => 23
        )

    [39] => Array
        (
            [CountyName] => Wayne
            [dma_name] => Dayton, OH
            [flips] => 78
            [purchase_price] => 52969
            [resale_price] => 101500
            [gross_margin] => 48531
            [gross_margin_perc] => 91.6215
            [flipcount_rank] => 20
            [flipmargin_rank] => 22
        )

    [40] => Array
        (
            [CountyName] => Marshall
            [dma_name] => South Bend-Elkhart, IN
            [flips] => 20
            [purchase_price] => 78750
            [resale_price] => 152831
            [gross_margin] => 74081
            [gross_margin_perc] => 94.0711
            [flipcount_rank] => 43
            [flipmargin_rank] => 21
        )

    [41] => Array
        (
            [CountyName] => Wabash
            [dma_name] => Ft. Wayne, IN
            [flips] => 28
            [purchase_price] => 53000
            [resale_price] => 104671
            [gross_margin] => 51671
            [gross_margin_perc] => 97.4925
            [flipcount_rank] => 39
            [flipmargin_rank] => 20
        )

    [42] => Array
        (
            [CountyName] => La Porte
            [dma_name] => Chicago, IL
            [flips] => 129
            [purchase_price] => 70000
            [resale_price] => 145502
            [gross_margin] => 75502
            [gross_margin_perc] => 107.8600
            [flipcount_rank] => 13
            [flipmargin_rank] => 19
        )

    [43] => Array
        (
            [CountyName] => Scott
            [dma_name] => Louisville, KY
            [flips] => 36
            [purchase_price] => 77750
            [resale_price] => 162500
            [gross_margin] => 84750
            [gross_margin_perc] => 109.0032
            [flipcount_rank] => 34
            [flipmargin_rank] => 18
        )

    [44] => Array
        (
            [CountyName] => De Kalb
            [dma_name] => Ft. Wayne, IN
            [flips] => 56
            [purchase_price] => 75200
            [resale_price] => 158844
            [gross_margin] => 83644
            [gross_margin_perc] => 111.2287
            [flipcount_rank] => 27
            [flipmargin_rank] => 17
        )

    [45] => Array
        (
            [CountyName] => Starke
            [dma_name] => South Bend-Elkhart, IN
            [flips] => 10
            [purchase_price] => 54000
            [resale_price] => 114374
            [gross_margin] => 60374
            [gross_margin_perc] => 111.8037
            [flipcount_rank] => 57
            [flipmargin_rank] => 16
        )

    [46] => Array
        (
            [CountyName] => Clark
            [dma_name] => Louisville, KY
            [flips] => 278
            [purchase_price] => 107000
            [resale_price] => 234500
            [gross_margin] => 127500
            [gross_margin_perc] => 119.1589
            [flipcount_rank] => 6
            [flipmargin_rank] => 15
        )

    [47] => Array
        (
            [CountyName] => Putnam
            [dma_name] => Indianapolis, IN
            [flips] => 13
            [purchase_price] => 71000
            [resale_price] => 155677
            [gross_margin] => 84677
            [gross_margin_perc] => 119.2634
            [flipcount_rank] => 54
            [flipmargin_rank] => 14
        )

    [48] => Array
        (
            [CountyName] => Jennings
            [dma_name] => Louisville, KY
            [flips] => 34
            [purchase_price] => 60000
            [resale_price] => 135766
            [gross_margin] => 75766
            [gross_margin_perc] => 126.2767
            [flipcount_rank] => 36
            [flipmargin_rank] => 13
        )

    [49] => Array
        (
            [CountyName] => Decatur
            [dma_name] => Indianapolis, IN
            [flips] => 28
            [purchase_price] => 30000
            [resale_price] => 72000
            [gross_margin] => 42000
            [gross_margin_perc] => 140.0000
            [flipcount_rank] => 39
            [flipmargin_rank] => 12
        )

    [50] => Array
        (
            [CountyName] => Grant
            [dma_name] => Indianapolis, IN
            [flips] => 49
            [purchase_price] => 37600
            [resale_price] => 91473
            [gross_margin] => 53873
            [gross_margin_perc] => 143.2793
            [flipcount_rank] => 29
            [flipmargin_rank] => 11
        )

    [51] => Array
        (
            [CountyName] => Jackson
            [dma_name] => Louisville, KY
            [flips] => 58
            [purchase_price] => 56500
            [resale_price] => 138819
            [gross_margin] => 82319
            [gross_margin_perc] => 145.6973
            [flipcount_rank] => 26
            [flipmargin_rank] => 10
        )

    [52] => Array
        (
            [CountyName] => St Joseph
            [dma_name] => South Bend-Elkhart, IN
            [flips] => 319
            [purchase_price] => 56250
            [resale_price] => 142469
            [gross_margin] => 86219
            [gross_margin_perc] => 153.2782
            [flipcount_rank] => 4
            [flipmargin_rank] => 9
        )

    [53] => Array
        (
            [CountyName] => Orange
            [dma_name] => Louisville, KY
            [flips] => 7
            [purchase_price] => 40300
            [resale_price] => 109469
            [gross_margin] => 69169
            [gross_margin_perc] => 171.6352
            [flipcount_rank] => 60
            [flipmargin_rank] => 8
        )

    [54] => Array
        (
            [CountyName] => Huntington
            [dma_name] => Ft. Wayne, IN
            [flips] => 33
            [purchase_price] => 80400
            [resale_price] => 243091
            [gross_margin] => 162691
            [gross_margin_perc] => 202.3520
            [flipcount_rank] => 37
            [flipmargin_rank] => 7
        )

    [55] => Array
        (
            [CountyName] => Henry
            [dma_name] => Indianapolis, IN
            [flips] => 28
            [purchase_price] => 33401
            [resale_price] => 106504
            [gross_margin] => 73103
            [gross_margin_perc] => 218.8647
            [flipcount_rank] => 39
            [flipmargin_rank] => 6
        )

    [56] => Array
        (
            [CountyName] => Miami
            [dma_name] => Indianapolis, IN
            [flips] => 43
            [purchase_price] => 34300
            [resale_price] => 110323
            [gross_margin] => 76023
            [gross_margin_perc] => 221.6414
            [flipcount_rank] => 31
            [flipmargin_rank] => 5
        )

    [57] => Array
        (
            [CountyName] => Clinton
            [dma_name] => Indianapolis, IN
            [flips] => 19
            [purchase_price] => 48991
            [resale_price] => 174621
            [gross_margin] => 125630
            [gross_margin_perc] => 256.4349
            [flipcount_rank] => 45
            [flipmargin_rank] => 4
        )

    [58] => Array
        (
            [CountyName] => Madison
            [dma_name] => Indianapolis, IN
            [flips] => 166
            [purchase_price] => 36501
            [resale_price] => 144063
            [gross_margin] => 107562
            [gross_margin_perc] => 294.6823
            [flipcount_rank] => 10
            [flipmargin_rank] => 3
        )

    [59] => Array
        (
            [CountyName] => Greene
            [dma_name] => Terre Haute, IN
            [flips] => 19
            [purchase_price] => 21000
            [resale_price] => 91672
            [gross_margin] => 70672
            [gross_margin_perc] => 336.5333
            [flipcount_rank] => 45
            [flipmargin_rank] => 2
        )

    [60] => Array
        (
            [CountyName] => Harrison
            [dma_name] => Louisville, KY
            [flips] => 6
            [purchase_price] => 24500
            [resale_price] => 401450
            [gross_margin] => 376950
            [gross_margin_perc] => 1538.5714
            [flipcount_rank] => 61
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in IN
CountyMarket AreaProfit Margin
HarrisonLouisville, KY1539%
GreeneTerre Haute, IN337%
MadisonIndianapolis, IN295%
ClintonIndianapolis, IN256%
MiamiIndianapolis, IN222%
HenryIndianapolis, IN219%
Bottom 5 Counties in IN
CountyMarket AreaProfit Margin
BrownIndianapolis, IN-68%
BartholomewIndianapolis, IN-64%
PoseyEvansville, IN-15%
WashingtonLouisville, KY-13%
SteubenFt. Wayne, IN-6%
LawrenceIndianapolis, IN-4%

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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