Kentucky

Kentucky House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => Boyle
            [dma_name] => Lexington, KY
            [flips] => 7
            [purchase_price] => 68000
            [resale_price] => 68000
            [gross_margin] => 0
            [gross_margin_perc] => 0.0000
            [flipcount_rank] => 20
            [flipmargin_rank] => 23
        )

    [1] => Array
        (
            [CountyName] => Mercer
            [dma_name] => Lexington, KY
            [flips] => 6
            [purchase_price] => 128000
            [resale_price] => 136950
            [gross_margin] => 8950
            [gross_margin_perc] => 6.9922
            [flipcount_rank] => 21
            [flipmargin_rank] => 22
        )

    [2] => Array
        (
            [CountyName] => Fayette
            [dma_name] => Lexington, KY
            [flips] => 114
            [purchase_price] => 132000
            [resale_price] => 142000
            [gross_margin] => 10000
            [gross_margin_perc] => 7.5758
            [flipcount_rank] => 4
            [flipmargin_rank] => 21
        )

    [3] => Array
        (
            [CountyName] => Breckinridge
            [dma_name] => Louisville, KY
            [flips] => 8
            [purchase_price] => 111550
            [resale_price] => 125700
            [gross_margin] => 14150
            [gross_margin_perc] => 12.6849
            [flipcount_rank] => 19
            [flipmargin_rank] => 20
        )

    [4] => Array
        (
            [CountyName] => Greenup
            [dma_name] => Charleston-Huntington, WV
            [flips] => 27
            [purchase_price] => 53000
            [resale_price] => 60100
            [gross_margin] => 7100
            [gross_margin_perc] => 13.3962
            [flipcount_rank] => 12
            [flipmargin_rank] => 19
        )

    [5] => Array
        (
            [CountyName] => Taylor
            [dma_name] => Louisville, KY
            [flips] => 15
            [purchase_price] => 117750
            [resale_price] => 139000
            [gross_margin] => 21250
            [gross_margin_perc] => 18.0467
            [flipcount_rank] => 15
            [flipmargin_rank] => 18
        )

    [6] => Array
        (
            [CountyName] => Scott
            [dma_name] => Lexington, KY
            [flips] => 6
            [purchase_price] => 146250
            [resale_price] => 175450
            [gross_margin] => 29200
            [gross_margin_perc] => 19.9658
            [flipcount_rank] => 21
            [flipmargin_rank] => 17
        )

    [7] => Array
        (
            [CountyName] => Simpson
            [dma_name] => Nashville, TN
            [flips] => 14
            [purchase_price] => 80000
            [resale_price] => 100000
            [gross_margin] => 20000
            [gross_margin_perc] => 25.0000
            [flipcount_rank] => 17
            [flipmargin_rank] => 16
        )

    [8] => Array
        (
            [CountyName] => Meade
            [dma_name] => Louisville, KY
            [flips] => 22
            [purchase_price] => 113956
            [resale_price] => 154500
            [gross_margin] => 40544
            [gross_margin_perc] => 35.5786
            [flipcount_rank] => 13
            [flipmargin_rank] => 15
        )

    [9] => Array
        (
            [CountyName] => Anderson
            [dma_name] => Lexington, KY
            [flips] => 9
            [purchase_price] => 135100
            [resale_price] => 185500
            [gross_margin] => 50400
            [gross_margin_perc] => 37.3057
            [flipcount_rank] => 18
            [flipmargin_rank] => 14
        )

    [10] => Array
        (
            [CountyName] => Grant
            [dma_name] => Cincinnati, OH
            [flips] => 28
            [purchase_price] => 92000
            [resale_price] => 130700
            [gross_margin] => 38700
            [gross_margin_perc] => 42.0652
            [flipcount_rank] => 11
            [flipmargin_rank] => 13
        )

    [11] => Array
        (
            [CountyName] => Warren
            [dma_name] => Bowling Green, KY
            [flips] => 97
            [purchase_price] => 121500
            [resale_price] => 175000
            [gross_margin] => 53500
            [gross_margin_perc] => 44.0329
            [flipcount_rank] => 6
            [flipmargin_rank] => 12
        )

    [12] => Array
        (
            [CountyName] => Christian
            [dma_name] => Nashville, TN
            [flips] => 112
            [purchase_price] => 70838
            [resale_price] => 108937
            [gross_margin] => 38098
            [gross_margin_perc] => 53.7819
            [flipcount_rank] => 5
            [flipmargin_rank] => 11
        )

    [13] => Array
        (
            [CountyName] => Jefferson
            [dma_name] => Louisville, KY
            [flips] => 1041
            [purchase_price] => 99553
            [resale_price] => 162583
            [gross_margin] => 63030
            [gross_margin_perc] => 63.3130
            [flipcount_rank] => 1
            [flipmargin_rank] => 10
        )

    [14] => Array
        (
            [CountyName] => Muhlenberg
            [dma_name] => Evansville, IN
            [flips] => 6
            [purchase_price] => 42000
            [resale_price] => 75000
            [gross_margin] => 33000
            [gross_margin_perc] => 78.5714
            [flipcount_rank] => 21
            [flipmargin_rank] => 9
        )

    [15] => Array
        (
            [CountyName] => Jessamine
            [dma_name] => Lexington, KY
            [flips] => 88
            [purchase_price] => 95000
            [resale_price] => 175700
            [gross_margin] => 80700
            [gross_margin_perc] => 84.9474
            [flipcount_rank] => 8
            [flipmargin_rank] => 8
        )

    [16] => Array
        (
            [CountyName] => Shelby
            [dma_name] => Louisville, KY
            [flips] => 22
            [purchase_price] => 120000
            [resale_price] => 230000
            [gross_margin] => 110000
            [gross_margin_perc] => 91.6667
            [flipcount_rank] => 13
            [flipmargin_rank] => 7
        )

    [17] => Array
        (
            [CountyName] => Kenton
            [dma_name] => Cincinnati, OH
            [flips] => 249
            [purchase_price] => 72000
            [resale_price] => 139000
            [gross_margin] => 67000
            [gross_margin_perc] => 93.0556
            [flipcount_rank] => 2
            [flipmargin_rank] => 6
        )

    [18] => Array
        (
            [CountyName] => Hardin
            [dma_name] => Louisville, KY
            [flips] => 97
            [purchase_price] => 70000
            [resale_price] => 137650
            [gross_margin] => 67650
            [gross_margin_perc] => 96.6429
            [flipcount_rank] => 6
            [flipmargin_rank] => 5
        )

    [19] => Array
        (
            [CountyName] => Oldham
            [dma_name] => Louisville, KY
            [flips] => 52
            [purchase_price] => 120000
            [resale_price] => 253000
            [gross_margin] => 133000
            [gross_margin_perc] => 110.8333
            [flipcount_rank] => 10
            [flipmargin_rank] => 4
        )

    [20] => Array
        (
            [CountyName] => Spencer
            [dma_name] => Louisville, KY
            [flips] => 15
            [purchase_price] => 99000
            [resale_price] => 234000
            [gross_margin] => 135000
            [gross_margin_perc] => 136.3636
            [flipcount_rank] => 15
            [flipmargin_rank] => 3
        )

    [21] => Array
        (
            [CountyName] => Campbell
            [dma_name] => Cincinnati, OH
            [flips] => 148
            [purchase_price] => 65858
            [resale_price] => 181817
            [gross_margin] => 115959
            [gross_margin_perc] => 176.0743
            [flipcount_rank] => 3
            [flipmargin_rank] => 2
        )

    [22] => Array
        (
            [CountyName] => Boone
            [dma_name] => Cincinnati, OH
            [flips] => 55
            [purchase_price] => 73500
            [resale_price] => 244900
            [gross_margin] => 171400
            [gross_margin_perc] => 233.1973
            [flipcount_rank] => 9
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in KY
CountyMarket AreaProfit Margin
BooneCincinnati, OH233%
CampbellCincinnati, OH176%
SpencerLouisville, KY136%
OldhamLouisville, KY111%
HardinLouisville, KY97%
KentonCincinnati, OH93%
Bottom 5 Counties in KY
CountyMarket AreaProfit Margin
BoyleLexington, KY0%
MercerLexington, KY7%
FayetteLexington, KY8%
BreckinridgeLouisville, KY13%
GreenupCharleston-Huntington, WV13%
TaylorLouisville, KY18%

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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