out of 51
State Rank in Flip Profit
Array
(
[0] => Array
(
[CountyName] => Franklin
[dma_name] => Springfield-Holyoke, MA
[flips] => 16
[purchase_price] => 131875
[resale_price] => 167625
[gross_margin] => 35750
[gross_margin_perc] => 27.1090
[flipcount_rank] => 12
[flipmargin_rank] => 12
)
[1] => Array
(
[CountyName] => Berkshire
[dma_name] => Albany-Schenectady-Troy, NY
[flips] => 34
[purchase_price] => 116417
[resale_price] => 158659
[gross_margin] => 42242
[gross_margin_perc] => 36.2851
[flipcount_rank] => 11
[flipmargin_rank] => 11
)
[2] => Array
(
[CountyName] => Barnstable
[dma_name] => Boston, MA (Manchester, NH)
[flips] => 102
[purchase_price] => 258651
[resale_price] => 354382
[gross_margin] => 95731
[gross_margin_perc] => 37.0116
[flipcount_rank] => 9
[flipmargin_rank] => 10
)
[3] => Array
(
[CountyName] => Suffolk
[dma_name] => Boston, MA (Manchester, NH)
[flips] => 153
[purchase_price] => 398856
[resale_price] => 549085
[gross_margin] => 150229
[gross_margin_perc] => 37.6650
[flipcount_rank] => 8
[flipmargin_rank] => 9
)
[4] => Array
(
[CountyName] => Essex
[dma_name] => Boston, MA (Manchester, NH)
[flips] => 343
[purchase_price] => 275787
[resale_price] => 391357
[gross_margin] => 115570
[gross_margin_perc] => 41.9055
[flipcount_rank] => 2
[flipmargin_rank] => 8
)
[5] => Array
(
[CountyName] => Norfolk
[dma_name] => Boston, MA (Manchester, NH)
[flips] => 232
[purchase_price] => 310700
[resale_price] => 451948
[gross_margin] => 141247
[gross_margin_perc] => 45.4609
[flipcount_rank] => 5
[flipmargin_rank] => 7
)
[6] => Array
(
[CountyName] => Plymouth
[dma_name] => Boston, MA (Manchester, NH)
[flips] => 249
[purchase_price] => 220741
[resale_price] => 327249
[gross_margin] => 106508
[gross_margin_perc] => 48.2502
[flipcount_rank] => 4
[flipmargin_rank] => 6
)
[7] => Array
(
[CountyName] => Middlesex
[dma_name] => Boston, MA (Manchester, NH)
[flips] => 498
[purchase_price] => 314618
[resale_price] => 470153
[gross_margin] => 155534
[gross_margin_perc] => 49.4358
[flipcount_rank] => 1
[flipmargin_rank] => 5
)
[8] => Array
(
[CountyName] => Bristol
[dma_name] => Providence, RI-New Bedford, MA
[flips] => 206
[purchase_price] => 170850
[resale_price] => 276987
[gross_margin] => 106138
[gross_margin_perc] => 62.1235
[flipcount_rank] => 7
[flipmargin_rank] => 4
)
[9] => Array
(
[CountyName] => Worcester
[dma_name] => Boston, MA (Manchester, NH)
[flips] => 318
[purchase_price] => 156887
[resale_price] => 260186
[gross_margin] => 103300
[gross_margin_perc] => 65.8436
[flipcount_rank] => 3
[flipmargin_rank] => 3
)
[10] => Array
(
[CountyName] => Hampshire
[dma_name] => Springfield-Holyoke, MA
[flips] => 45
[purchase_price] => 165719
[resale_price] => 278489
[gross_margin] => 112770
[gross_margin_perc] => 68.0489
[flipcount_rank] => 10
[flipmargin_rank] => 2
)
[11] => Array
(
[CountyName] => Hampden
[dma_name] => Springfield-Holyoke, MA
[flips] => 225
[purchase_price] => 107853
[resale_price] => 184013
[gross_margin] => 76160
[gross_margin_perc] => 70.6146
[flipcount_rank] => 6
[flipmargin_rank] => 1
)
)
Top 5 Counties in MA
County | Market Area | Profit Margin |
Hampden | Springfield-Holyoke, MA | 71% |
---|
Hampshire | Springfield-Holyoke, MA | 68% |
---|
Worcester | Boston, MA (Manchester, NH) | 66% |
---|
Bristol | Providence, RI-New Bedford, MA | 62% |
---|
Middlesex | Boston, MA (Manchester, NH) | 49% |
---|
Plymouth | Boston, MA (Manchester, NH) | 48% |
Bottom 5 Counties in MA
County | Market Area | Profit Margin |
Franklin | Springfield-Holyoke, MA | 27% |
---|
Berkshire | Albany-Schenectady-Troy, NY | 36% |
---|
Barnstable | Boston, MA (Manchester, NH) | 37% |
---|
Suffolk | Boston, MA (Manchester, NH) | 38% |
---|
Essex | Boston, MA (Manchester, NH) | 42% |
---|
Norfolk | Boston, MA (Manchester, NH) | 45% |
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).