Maryland

Maryland House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => Montgomery
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 504
            [purchase_price] => 271633
            [resale_price] => 399170
            [gross_margin] => 127537
            [gross_margin_perc] => 46.9520
            [flipcount_rank] => 5
            [flipmargin_rank] => 24
        )

    [1] => Array
        (
            [CountyName] => Howard
            [dma_name] => Baltimore, MD
            [flips] => 281
            [purchase_price] => 301563
            [resale_price] => 459346
            [gross_margin] => 157782
            [gross_margin_perc] => 52.3214
            [flipcount_rank] => 9
            [flipmargin_rank] => 23
        )

    [2] => Array
        (
            [CountyName] => Saint Marys
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 119
            [purchase_price] => 151085
            [resale_price] => 252730
            [gross_margin] => 101645
            [gross_margin_perc] => 67.2767
            [flipcount_rank] => 13
            [flipmargin_rank] => 22
        )

    [3] => Array
        (
            [CountyName] => Harford
            [dma_name] => Baltimore, MD
            [flips] => 348
            [purchase_price] => 142634
            [resale_price] => 250116
            [gross_margin] => 107483
            [gross_margin_perc] => 75.3558
            [flipcount_rank] => 7
            [flipmargin_rank] => 21
        )

    [4] => Array
        (
            [CountyName] => Kent
            [dma_name] => Baltimore, MD
            [flips] => 31
            [purchase_price] => 75574
            [resale_price] => 133761
            [gross_margin] => 58187
            [gross_margin_perc] => 76.9934
            [flipcount_rank] => 21
            [flipmargin_rank] => 20
        )

    [5] => Array
        (
            [CountyName] => Anne Arundel
            [dma_name] => Baltimore, MD
            [flips] => 763
            [purchase_price] => 200276
            [resale_price] => 354973
            [gross_margin] => 154698
            [gross_margin_perc] => 77.2424
            [flipcount_rank] => 4
            [flipmargin_rank] => 19
        )

    [6] => Array
        (
            [CountyName] => Prince George's County
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 1648
            [purchase_price] => 175530
            [resale_price] => 316760
            [gross_margin] => 141230
            [gross_margin_perc] => 80.4592
            [flipcount_rank] => 1
            [flipmargin_rank] => 18
        )

    [7] => Array
        (
            [CountyName] => Worcester
            [dma_name] => Salisbury, MD
            [flips] => 106
            [purchase_price] => 124501
            [resale_price] => 225292
            [gross_margin] => 100791
            [gross_margin_perc] => 80.9560
            [flipcount_rank] => 14
            [flipmargin_rank] => 17
        )

    [8] => Array
        (
            [CountyName] => Allegany
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 60
            [purchase_price] => 30007
            [resale_price] => 54590
            [gross_margin] => 24583
            [gross_margin_perc] => 81.9242
            [flipcount_rank] => 18
            [flipmargin_rank] => 16
        )

    [9] => Array
        (
            [CountyName] => Carroll
            [dma_name] => Baltimore, MD
            [flips] => 161
            [purchase_price] => 170000
            [resale_price] => 311000
            [gross_margin] => 141000
            [gross_margin_perc] => 82.9412
            [flipcount_rank] => 11
            [flipmargin_rank] => 15
        )

    [10] => Array
        (
            [CountyName] => Calvert
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 103
            [purchase_price] => 136577
            [resale_price] => 259680
            [gross_margin] => 123102
            [gross_margin_perc] => 90.1338
            [flipcount_rank] => 15
            [flipmargin_rank] => 14
        )

    [11] => Array
        (
            [CountyName] => Queen Anne's County
            [dma_name] => Baltimore, MD
            [flips] => 66
            [purchase_price] => 156174
            [resale_price] => 302723
            [gross_margin] => 146548
            [gross_margin_perc] => 93.8364
            [flipcount_rank] => 17
            [flipmargin_rank] => 13
        )

    [12] => Array
        (
            [CountyName] => Baltimore
            [dma_name] => Baltimore, MD
            [flips] => 1074
            [purchase_price] => 128852
            [resale_price] => 249966
            [gross_margin] => 121114
            [gross_margin_perc] => 93.9947
            [flipcount_rank] => 3
            [flipmargin_rank] => 12
        )

    [13] => Array
        (
            [CountyName] => Caroline
            [dma_name] => Baltimore, MD
            [flips] => 54
            [purchase_price] => 98736
            [resale_price] => 197794
            [gross_margin] => 99059
            [gross_margin_perc] => 100.3271
            [flipcount_rank] => 19
            [flipmargin_rank] => 11
        )

    [14] => Array
        (
            [CountyName] => Somerset
            [dma_name] => Salisbury, MD
            [flips] => 20
            [purchase_price] => 29800
            [resale_price] => 59750
            [gross_margin] => 29950
            [gross_margin_perc] => 100.5034
            [flipcount_rank] => 23
            [flipmargin_rank] => 10
        )

    [15] => Array
        (
            [CountyName] => Dorchester
            [dma_name] => Salisbury, MD
            [flips] => 40
            [purchase_price] => 63000
            [resale_price] => 129500
            [gross_margin] => 66500
            [gross_margin_perc] => 105.5556
            [flipcount_rank] => 20
            [flipmargin_rank] => 9
        )

    [16] => Array
        (
            [CountyName] => Talbot
            [dma_name] => Baltimore, MD
            [flips] => 21
            [purchase_price] => 129000
            [resale_price] => 267000
            [gross_margin] => 138000
            [gross_margin_perc] => 106.9767
            [flipcount_rank] => 22
            [flipmargin_rank] => 8
        )

    [17] => Array
        (
            [CountyName] => Charles
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 339
            [purchase_price] => 150217
            [resale_price] => 333121
            [gross_margin] => 182904
            [gross_margin_perc] => 121.7599
            [flipcount_rank] => 8
            [flipmargin_rank] => 7
        )

    [18] => Array
        (
            [CountyName] => Garrett
            [dma_name] => Pittsburgh, PA
            [flips] => 13
            [purchase_price] => 50500
            [resale_price] => 112000
            [gross_margin] => 61500
            [gross_margin_perc] => 121.7822
            [flipcount_rank] => 24
            [flipmargin_rank] => 6
        )

    [19] => Array
        (
            [CountyName] => Cecil
            [dma_name] => Baltimore, MD
            [flips] => 131
            [purchase_price] => 98842
            [resale_price] => 227630
            [gross_margin] => 128788
            [gross_margin_perc] => 130.2968
            [flipcount_rank] => 12
            [flipmargin_rank] => 5
        )

    [20] => Array
        (
            [CountyName] => Baltimore City
            [dma_name] => Baltimore, MD
            [flips] => 1212
            [purchase_price] => 69538
            [resale_price] => 161595
            [gross_margin] => 92057
            [gross_margin_perc] => 132.3837
            [flipcount_rank] => 2
            [flipmargin_rank] => 4
        )

    [21] => Array
        (
            [CountyName] => Washington
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 215
            [purchase_price] => 84342
            [resale_price] => 202609
            [gross_margin] => 118267
            [gross_margin_perc] => 140.2231
            [flipcount_rank] => 10
            [flipmargin_rank] => 3
        )

    [22] => Array
        (
            [CountyName] => Wicomico
            [dma_name] => Salisbury, MD
            [flips] => 92
            [purchase_price] => 59500
            [resale_price] => 145250
            [gross_margin] => 85750
            [gross_margin_perc] => 144.1176
            [flipcount_rank] => 16
            [flipmargin_rank] => 2
        )

    [23] => Array
        (
            [CountyName] => Frederick
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 398
            [purchase_price] => 162417
            [resale_price] => 413455
            [gross_margin] => 251038
            [gross_margin_perc] => 154.5639
            [flipcount_rank] => 6
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in MD
CountyMarket AreaProfit Margin
FrederickWashington, DC (Hagerstown, MD)155%
WicomicoSalisbury, MD144%
WashingtonWashington, DC (Hagerstown, MD)140%
Baltimore CityBaltimore, MD132%
CecilBaltimore, MD130%
GarrettPittsburgh, PA122%
Bottom 5 Counties in MD
CountyMarket AreaProfit Margin
MontgomeryWashington, DC (Hagerstown, MD)47%
HowardBaltimore, MD52%
Saint MarysWashington, DC (Hagerstown, MD)67%
HarfordBaltimore, MD75%
KentBaltimore, MD77%
Anne ArundelBaltimore, MD77%

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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