Minnesota

Minnesota House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => Chippewa
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 6
            [purchase_price] => 52500
            [resale_price] => 34448
            [gross_margin] => -18052
            [gross_margin_perc] => -34.3848
            [flipcount_rank] => 37
            [flipmargin_rank] => 38
        )

    [1] => Array
        (
            [CountyName] => Cass
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 17
            [purchase_price] => 87500
            [resale_price] => 87500
            [gross_margin] => 0
            [gross_margin_perc] => 0.0000
            [flipcount_rank] => 23
            [flipmargin_rank] => 37
        )

    [2] => Array
        (
            [CountyName] => Carlton
            [dma_name] => Duluth, MN-Superior, WI
            [flips] => 11
            [purchase_price] => 174900
            [resale_price] => 178000
            [gross_margin] => 3100
            [gross_margin_perc] => 1.7724
            [flipcount_rank] => 30
            [flipmargin_rank] => 36
        )

    [3] => Array
        (
            [CountyName] => Fillmore
            [dma_name] => Rochester, MN-Mason City, IA-Austin, MN
            [flips] => 15
            [purchase_price] => 104750
            [resale_price] => 107000
            [gross_margin] => 2250
            [gross_margin_perc] => 2.1480
            [flipcount_rank] => 26
            [flipmargin_rank] => 35
        )

    [4] => Array
        (
            [CountyName] => Scott
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 126
            [purchase_price] => 242453
            [resale_price] => 272405
            [gross_margin] => 29952
            [gross_margin_perc] => 12.3537
            [flipcount_rank] => 7
            [flipmargin_rank] => 34
        )

    [5] => Array
        (
            [CountyName] => Carver
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 58
            [purchase_price] => 215750
            [resale_price] => 262450
            [gross_margin] => 46700
            [gross_margin_perc] => 21.6454
            [flipcount_rank] => 12
            [flipmargin_rank] => 33
        )

    [6] => Array
        (
            [CountyName] => Hubbard
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 9
            [purchase_price] => 167000
            [resale_price] => 204000
            [gross_margin] => 37000
            [gross_margin_perc] => 22.1557
            [flipcount_rank] => 34
            [flipmargin_rank] => 32
        )

    [7] => Array
        (
            [CountyName] => Clay
            [dma_name] => Fargo-Valley City, ND
            [flips] => 37
            [purchase_price] => 134000
            [resale_price] => 166000
            [gross_margin] => 32000
            [gross_margin_perc] => 23.8806
            [flipcount_rank] => 13
            [flipmargin_rank] => 31
        )

    [8] => Array
        (
            [CountyName] => Meeker
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 13
            [purchase_price] => 126300
            [resale_price] => 157500
            [gross_margin] => 31200
            [gross_margin_perc] => 24.7031
            [flipcount_rank] => 28
            [flipmargin_rank] => 30
        )

    [9] => Array
        (
            [CountyName] => Olmsted
            [dma_name] => Rochester, MN-Mason City, IA-Austin, MN
            [flips] => 168
            [purchase_price] => 188000
            [resale_price] => 234900
            [gross_margin] => 46900
            [gross_margin_perc] => 24.9468
            [flipcount_rank] => 6
            [flipmargin_rank] => 29
        )

    [10] => Array
        (
            [CountyName] => Dakota
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 299
            [purchase_price] => 186087
            [resale_price] => 236835
            [gross_margin] => 50748
            [gross_margin_perc] => 27.2711
            [flipcount_rank] => 4
            [flipmargin_rank] => 28
        )

    [11] => Array
        (
            [CountyName] => Le Sueur
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 8
            [purchase_price] => 139500
            [resale_price] => 180000
            [gross_margin] => 40500
            [gross_margin_perc] => 29.0323
            [flipcount_rank] => 35
            [flipmargin_rank] => 27
        )

    [12] => Array
        (
            [CountyName] => Washington
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 207
            [purchase_price] => 208927
            [resale_price] => 281121
            [gross_margin] => 72195
            [gross_margin_perc] => 34.5551
            [flipcount_rank] => 5
            [flipmargin_rank] => 26
        )

    [13] => Array
        (
            [CountyName] => Wadena
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 10
            [purchase_price] => 77000
            [resale_price] => 104000
            [gross_margin] => 27000
            [gross_margin_perc] => 35.0649
            [flipcount_rank] => 32
            [flipmargin_rank] => 25
        )

    [14] => Array
        (
            [CountyName] => Stearns
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 80
            [purchase_price] => 125000
            [resale_price] => 169900
            [gross_margin] => 44900
            [gross_margin_perc] => 35.9200
            [flipcount_rank] => 10
            [flipmargin_rank] => 24
        )

    [15] => Array
        (
            [CountyName] => Todd
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 10
            [purchase_price] => 76018
            [resale_price] => 104950
            [gross_margin] => 28932
            [gross_margin_perc] => 38.0594
            [flipcount_rank] => 32
            [flipmargin_rank] => 23
        )

    [16] => Array
        (
            [CountyName] => Winona
            [dma_name] => La Crosse-Eau Claire, WI
            [flips] => 27
            [purchase_price] => 91376
            [resale_price] => 127000
            [gross_margin] => 35624
            [gross_margin_perc] => 38.9862
            [flipcount_rank] => 19
            [flipmargin_rank] => 22
        )

    [17] => Array
        (
            [CountyName] => Hennepin
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 1152
            [purchase_price] => 184074
            [resale_price] => 260084
            [gross_margin] => 76010
            [gross_margin_perc] => 41.2932
            [flipcount_rank] => 1
            [flipmargin_rank] => 21
        )

    [18] => Array
        (
            [CountyName] => Blue Earth
            [dma_name] => Mankato, MN
            [flips] => 32
            [purchase_price] => 139000
            [resale_price] => 196750
            [gross_margin] => 57750
            [gross_margin_perc] => 41.5468
            [flipcount_rank] => 17
            [flipmargin_rank] => 20
        )

    [19] => Array
        (
            [CountyName] => Kandiyohi
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 17
            [purchase_price] => 96500
            [resale_price] => 138900
            [gross_margin] => 42400
            [gross_margin_perc] => 43.9378
            [flipcount_rank] => 23
            [flipmargin_rank] => 19
        )

    [20] => Array
        (
            [CountyName] => Faribault
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 19
            [purchase_price] => 46500
            [resale_price] => 67250
            [gross_margin] => 20750
            [gross_margin_perc] => 44.6237
            [flipcount_rank] => 22
            [flipmargin_rank] => 18
        )

    [21] => Array
        (
            [CountyName] => Ramsey
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 440
            [purchase_price] => 154368
            [resale_price] => 225432
            [gross_margin] => 71064
            [gross_margin_perc] => 46.0354
            [flipcount_rank] => 2
            [flipmargin_rank] => 17
        )

    [22] => Array
        (
            [CountyName] => Mcleod
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 17
            [purchase_price] => 122500
            [resale_price] => 186450
            [gross_margin] => 63950
            [gross_margin_perc] => 52.2041
            [flipcount_rank] => 23
            [flipmargin_rank] => 16
        )

    [23] => Array
        (
            [CountyName] => Saint Louis
            [dma_name] => Duluth, MN-Superior, WI
            [flips] => 74
            [purchase_price] => 86518
            [resale_price] => 131924
            [gross_margin] => 45406
            [gross_margin_perc] => 52.4816
            [flipcount_rank] => 11
            [flipmargin_rank] => 15
        )

    [24] => Array
        (
            [CountyName] => Steele
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 21
            [purchase_price] => 98935
            [resale_price] => 154400
            [gross_margin] => 55465
            [gross_margin_perc] => 56.0621
            [flipcount_rank] => 21
            [flipmargin_rank] => 14
        )

    [25] => Array
        (
            [CountyName] => Wabasha
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 6
            [purchase_price] => 127898
            [resale_price] => 200000
            [gross_margin] => 72102
            [gross_margin_perc] => 56.3746
            [flipcount_rank] => 37
            [flipmargin_rank] => 13
        )

    [26] => Array
        (
            [CountyName] => Rice
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 28
            [purchase_price] => 159450
            [resale_price] => 250000
            [gross_margin] => 90550
            [gross_margin_perc] => 56.7890
            [flipcount_rank] => 18
            [flipmargin_rank] => 12
        )

    [27] => Array
        (
            [CountyName] => Sherburne
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 83
            [purchase_price] => 161047
            [resale_price] => 254196
            [gross_margin] => 93149
            [gross_margin_perc] => 57.8396
            [flipcount_rank] => 9
            [flipmargin_rank] => 11
        )

    [28] => Array
        (
            [CountyName] => Isanti
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 33
            [purchase_price] => 123606
            [resale_price] => 195573
            [gross_margin] => 71967
            [gross_margin_perc] => 58.2229
            [flipcount_rank] => 16
            [flipmargin_rank] => 10
        )

    [29] => Array
        (
            [CountyName] => Mille Lacs
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 26
            [purchase_price] => 125000
            [resale_price] => 209375
            [gross_margin] => 84375
            [gross_margin_perc] => 67.5000
            [flipcount_rank] => 20
            [flipmargin_rank] => 9
        )

    [30] => Array
        (
            [CountyName] => Anoka
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 322
            [purchase_price] => 155046
            [resale_price] => 260000
            [gross_margin] => 104954
            [gross_margin_perc] => 67.6922
            [flipcount_rank] => 3
            [flipmargin_rank] => 8
        )

    [31] => Array
        (
            [CountyName] => Wright
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 122
            [purchase_price] => 149964
            [resale_price] => 263000
            [gross_margin] => 113036
            [gross_margin_perc] => 75.3754
            [flipcount_rank] => 8
            [flipmargin_rank] => 7
        )

    [32] => Array
        (
            [CountyName] => Morrison
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 7
            [purchase_price] => 90000
            [resale_price] => 163450
            [gross_margin] => 73450
            [gross_margin_perc] => 81.6111
            [flipcount_rank] => 36
            [flipmargin_rank] => 6
        )

    [33] => Array
        (
            [CountyName] => Benton
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 36
            [purchase_price] => 88000
            [resale_price] => 182450
            [gross_margin] => 94450
            [gross_margin_perc] => 107.3295
            [flipcount_rank] => 15
            [flipmargin_rank] => 5
        )

    [34] => Array
        (
            [CountyName] => Chisago
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 14
            [purchase_price] => 90493
            [resale_price] => 224647
            [gross_margin] => 134154
            [gross_margin_perc] => 148.2479
            [flipcount_rank] => 27
            [flipmargin_rank] => 4
        )

    [35] => Array
        (
            [CountyName] => Douglas
            [dma_name] => Minneapolis-St. Paul, MN
            [flips] => 37
            [purchase_price] => 93000
            [resale_price] => 232000
            [gross_margin] => 139000
            [gross_margin_perc] => 149.4624
            [flipcount_rank] => 13
            [flipmargin_rank] => 3
        )

    [36] => Array
        (
            [CountyName] => Becker
            [dma_name] => Fargo-Valley City, ND
            [flips] => 11
            [purchase_price] => 83250
            [resale_price] => 226750
            [gross_margin] => 143500
            [gross_margin_perc] => 172.3724
            [flipcount_rank] => 30
            [flipmargin_rank] => 2
        )

    [37] => Array
        (
            [CountyName] => Dodge
            [dma_name] => Rochester, MN-Mason City, IA-Austin, MN
            [flips] => 13
            [purchase_price] => 43576
            [resale_price] => 186500
            [gross_margin] => 142924
            [gross_margin_perc] => 327.9879
            [flipcount_rank] => 28
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in MN
CountyMarket AreaProfit Margin
DodgeRochester, MN-Mason City, IA-Austin, MN328%
BeckerFargo-Valley City, ND172%
DouglasMinneapolis-St. Paul, MN149%
ChisagoMinneapolis-St. Paul, MN148%
BentonMinneapolis-St. Paul, MN107%
MorrisonMinneapolis-St. Paul, MN82%
Bottom 5 Counties in MN
CountyMarket AreaProfit Margin
ChippewaMinneapolis-St. Paul, MN-34%
CassMinneapolis-St. Paul, MN0%
CarltonDuluth, MN-Superior, WI2%
FillmoreRochester, MN-Mason City, IA-Austin, MN2%
ScottMinneapolis-St. Paul, MN12%
CarverMinneapolis-St. Paul, MN22%

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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