Iowa

Iowa House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => Jones
            [dma_name] => Cedar Rapids-Waterloo-Iowa City & Dubuque, IA
            [flips] => 6
            [purchase_price] => 160250
            [resale_price] => 99000
            [gross_margin] => -61250
            [gross_margin_perc] => -38.2215
            [flipcount_rank] => 23
            [flipmargin_rank] => 23
        )

    [1] => Array
        (
            [CountyName] => Marion
            [dma_name] => Des Moines-Ames, IA
            [flips] => 10
            [purchase_price] => 145000
            [resale_price] => 109198
            [gross_margin] => -35802
            [gross_margin_perc] => -24.6910
            [flipcount_rank] => 17
            [flipmargin_rank] => 22
        )

    [2] => Array
        (
            [CountyName] => Wapello
            [dma_name] => Ottumwa, IA-Kirksville, MO
            [flips] => 14
            [purchase_price] => 70000
            [resale_price] => 68500
            [gross_margin] => -1500
            [gross_margin_perc] => -2.1429
            [flipcount_rank] => 14
            [flipmargin_rank] => 21
        )

    [3] => Array
        (
            [CountyName] => Warren
            [dma_name] => Des Moines-Ames, IA
            [flips] => 10
            [purchase_price] => 157500
            [resale_price] => 163000
            [gross_margin] => 5500
            [gross_margin_perc] => 3.4921
            [flipcount_rank] => 17
            [flipmargin_rank] => 20
        )

    [4] => Array
        (
            [CountyName] => Greene
            [dma_name] => Des Moines-Ames, IA
            [flips] => 25
            [purchase_price] => 35000
            [resale_price] => 42000
            [gross_margin] => 7000
            [gross_margin_perc] => 20.0000
            [flipcount_rank] => 11
            [flipmargin_rank] => 19
        )

    [5] => Array
        (
            [CountyName] => Johnson
            [dma_name] => Cedar Rapids-Waterloo-Iowa City & Dubuque, IA
            [flips] => 126
            [purchase_price] => 178571
            [resale_price] => 230524
            [gross_margin] => 51952
            [gross_margin_perc] => 29.0932
            [flipcount_rank] => 3
            [flipmargin_rank] => 18
        )

    [6] => Array
        (
            [CountyName] => Washington
            [dma_name] => Cedar Rapids-Waterloo-Iowa City & Dubuque, IA
            [flips] => 14
            [purchase_price] => 109250
            [resale_price] => 142500
            [gross_margin] => 33250
            [gross_margin_perc] => 30.4348
            [flipcount_rank] => 14
            [flipmargin_rank] => 17
        )

    [7] => Array
        (
            [CountyName] => Boone
            [dma_name] => Des Moines-Ames, IA
            [flips] => 20
            [purchase_price] => 91600
            [resale_price] => 122000
            [gross_margin] => 30400
            [gross_margin_perc] => 33.1878
            [flipcount_rank] => 13
            [flipmargin_rank] => 16
        )

    [8] => Array
        (
            [CountyName] => Black Hawk
            [dma_name] => Cedar Rapids-Waterloo-Iowa City & Dubuque, IA
            [flips] => 90
            [purchase_price] => 94000
            [resale_price] => 138500
            [gross_margin] => 44500
            [gross_margin_perc] => 47.3404
            [flipcount_rank] => 5
            [flipmargin_rank] => 15
        )

    [9] => Array
        (
            [CountyName] => Cerro Gordo
            [dma_name] => Rochester, MN-Mason City, IA-Austin, MN
            [flips] => 24
            [purchase_price] => 65055
            [resale_price] => 101000
            [gross_margin] => 35945
            [gross_margin_perc] => 55.2532
            [flipcount_rank] => 12
            [flipmargin_rank] => 14
        )

    [10] => Array
        (
            [CountyName] => Polk
            [dma_name] => Des Moines-Ames, IA
            [flips] => 709
            [purchase_price] => 103813
            [resale_price] => 163000
            [gross_margin] => 59187
            [gross_margin_perc] => 57.0131
            [flipcount_rank] => 1
            [flipmargin_rank] => 13
        )

    [11] => Array
        (
            [CountyName] => Linn
            [dma_name] => Cedar Rapids-Waterloo-Iowa City & Dubuque, IA
            [flips] => 242
            [purchase_price] => 94000
            [resale_price] => 153500
            [gross_margin] => 59500
            [gross_margin_perc] => 63.2979
            [flipcount_rank] => 2
            [flipmargin_rank] => 12
        )

    [12] => Array
        (
            [CountyName] => Woodbury
            [dma_name] => Sioux City, IA
            [flips] => 76
            [purchase_price] => 81000
            [resale_price] => 132750
            [gross_margin] => 51750
            [gross_margin_perc] => 63.8889
            [flipcount_rank] => 7
            [flipmargin_rank] => 11
        )

    [13] => Array
        (
            [CountyName] => Pottawattamie
            [dma_name] => Omaha, NE
            [flips] => 96
            [purchase_price] => 72901
            [resale_price] => 119750
            [gross_margin] => 46849
            [gross_margin_perc] => 64.2639
            [flipcount_rank] => 4
            [flipmargin_rank] => 10
        )

    [14] => Array
        (
            [CountyName] => Buena Vista
            [dma_name] => Sioux City, IA
            [flips] => 10
            [purchase_price] => 49500
            [resale_price] => 82000
            [gross_margin] => 32500
            [gross_margin_perc] => 65.6566
            [flipcount_rank] => 17
            [flipmargin_rank] => 9
        )

    [15] => Array
        (
            [CountyName] => Story
            [dma_name] => Des Moines-Ames, IA
            [flips] => 13
            [purchase_price] => 108606
            [resale_price] => 183500
            [gross_margin] => 74894
            [gross_margin_perc] => 68.9594
            [flipcount_rank] => 16
            [flipmargin_rank] => 8
        )

    [16] => Array
        (
            [CountyName] => Dubuque
            [dma_name] => Cedar Rapids-Waterloo-Iowa City & Dubuque, IA
            [flips] => 82
            [purchase_price] => 111438
            [resale_price] => 189563
            [gross_margin] => 78125
            [gross_margin_perc] => 70.1062
            [flipcount_rank] => 6
            [flipmargin_rank] => 7
        )

    [17] => Array
        (
            [CountyName] => Des Moines
            [dma_name] => Davenport, IA-Rock Island-Moline, IL
            [flips] => 34
            [purchase_price] => 47851
            [resale_price] => 82500
            [gross_margin] => 34649
            [gross_margin_perc] => 72.4102
            [flipcount_rank] => 9
            [flipmargin_rank] => 6
        )

    [18] => Array
        (
            [CountyName] => Webster
            [dma_name] => Des Moines-Ames, IA
            [flips] => 9
            [purchase_price] => 40499
            [resale_price] => 71500
            [gross_margin] => 31001
            [gross_margin_perc] => 76.5476
            [flipcount_rank] => 20
            [flipmargin_rank] => 5
        )

    [19] => Array
        (
            [CountyName] => Dallas
            [dma_name] => Des Moines-Ames, IA
            [flips] => 69
            [purchase_price] => 121500
            [resale_price] => 229875
            [gross_margin] => 108375
            [gross_margin_perc] => 89.1975
            [flipcount_rank] => 8
            [flipmargin_rank] => 4
        )

    [20] => Array
        (
            [CountyName] => Scott
            [dma_name] => Davenport, IA-Rock Island-Moline, IL
            [flips] => 9
            [purchase_price] => 70000
            [resale_price] => 151750
            [gross_margin] => 81750
            [gross_margin_perc] => 116.7857
            [flipcount_rank] => 20
            [flipmargin_rank] => 3
        )

    [21] => Array
        (
            [CountyName] => Dickinson
            [dma_name] => Sioux City, IA
            [flips] => 8
            [purchase_price] => 115000
            [resale_price] => 274500
            [gross_margin] => 159500
            [gross_margin_perc] => 138.6957
            [flipcount_rank] => 22
            [flipmargin_rank] => 2
        )

    [22] => Array
        (
            [CountyName] => Muscatine
            [dma_name] => Davenport, IA-Rock Island-Moline, IL
            [flips] => 32
            [purchase_price] => 52000
            [resale_price] => 124500
            [gross_margin] => 72500
            [gross_margin_perc] => 139.4231
            [flipcount_rank] => 10
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in IA
CountyMarket AreaProfit Margin
MuscatineDavenport, IA-Rock Island-Moline, IL139%
DickinsonSioux City, IA139%
ScottDavenport, IA-Rock Island-Moline, IL117%
DallasDes Moines-Ames, IA89%
WebsterDes Moines-Ames, IA77%
Des MoinesDavenport, IA-Rock Island-Moline, IL72%
Bottom 5 Counties in IA
CountyMarket AreaProfit Margin
JonesCedar Rapids-Waterloo-Iowa City & Dubuque, IA-38%
MarionDes Moines-Ames, IA-25%
WapelloOttumwa, IA-Kirksville, MO-2%
WarrenDes Moines-Ames, IA3%
GreeneDes Moines-Ames, IA20%
JohnsonCedar Rapids-Waterloo-Iowa City & Dubuque, IA29%

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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