New Jersey

New Jersey House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => Hudson
            [dma_name] => New York, NY
            [flips] => 322
            [purchase_price] => 257368
            [resale_price] => 370000
            [gross_margin] => 112632
            [gross_margin_perc] => 43.7630
            [flipcount_rank] => 12
            [flipmargin_rank] => 21
        )

    [1] => Array
        (
            [CountyName] => Cape May
            [dma_name] => Philadelphia, PA
            [flips] => 209
            [purchase_price] => 195300
            [resale_price] => 285000
            [gross_margin] => 89700
            [gross_margin_perc] => 45.9293
            [flipcount_rank] => 15
            [flipmargin_rank] => 20
        )

    [2] => Array
        (
            [CountyName] => Somerset
            [dma_name] => New York, NY
            [flips] => 162
            [purchase_price] => 206025
            [resale_price] => 305000
            [gross_margin] => 98975
            [gross_margin_perc] => 48.0403
            [flipcount_rank] => 18
            [flipmargin_rank] => 19
        )

    [3] => Array
        (
            [CountyName] => Monmouth
            [dma_name] => New York, NY
            [flips] => 635
            [purchase_price] => 225843
            [resale_price] => 351787
            [gross_margin] => 125945
            [gross_margin_perc] => 55.7666
            [flipcount_rank] => 7
            [flipmargin_rank] => 18
        )

    [4] => Array
        (
            [CountyName] => Bergen
            [dma_name] => New York, NY
            [flips] => 590
            [purchase_price] => 284450
            [resale_price] => 455000
            [gross_margin] => 170550
            [gross_margin_perc] => 59.9578
            [flipcount_rank] => 8
            [flipmargin_rank] => 17
        )

    [5] => Array
        (
            [CountyName] => Middlesex
            [dma_name] => New York, NY
            [flips] => 720
            [purchase_price] => 204783
            [resale_price] => 333997
            [gross_margin] => 129213
            [gross_margin_perc] => 63.0975
            [flipcount_rank] => 6
            [flipmargin_rank] => 16
        )

    [6] => Array
        (
            [CountyName] => Morris
            [dma_name] => New York, NY
            [flips] => 234
            [purchase_price] => 232850
            [resale_price] => 383038
            [gross_margin] => 150188
            [gross_margin_perc] => 64.4999
            [flipcount_rank] => 14
            [flipmargin_rank] => 15
        )

    [7] => Array
        (
            [CountyName] => Ocean
            [dma_name] => New York, NY
            [flips] => 1219
            [purchase_price] => 142925
            [resale_price] => 239713
            [gross_margin] => 96788
            [gross_margin_perc] => 67.7194
            [flipcount_rank] => 1
            [flipmargin_rank] => 14
        )

    [8] => Array
        (
            [CountyName] => Passaic
            [dma_name] => New York, NY
            [flips] => 310
            [purchase_price] => 189871
            [resale_price] => 328215
            [gross_margin] => 138344
            [gross_margin_perc] => 72.8621
            [flipcount_rank] => 13
            [flipmargin_rank] => 13
        )

    [9] => Array
        (
            [CountyName] => Hunterdon
            [dma_name] => New York, NY
            [flips] => 55
            [purchase_price] => 170100
            [resale_price] => 299000
            [gross_margin] => 128900
            [gross_margin_perc] => 75.7790
            [flipcount_rank] => 21
            [flipmargin_rank] => 12
        )

    [10] => Array
        (
            [CountyName] => Union
            [dma_name] => New York, NY
            [flips] => 757
            [purchase_price] => 187645
            [resale_price] => 330198
            [gross_margin] => 142553
            [gross_margin_perc] => 75.9695
            [flipcount_rank] => 5
            [flipmargin_rank] => 11
        )

    [11] => Array
        (
            [CountyName] => Mercer
            [dma_name] => Philadelphia, PA
            [flips] => 390
            [purchase_price] => 105000
            [resale_price] => 196250
            [gross_margin] => 91250
            [gross_margin_perc] => 86.9048
            [flipcount_rank] => 11
            [flipmargin_rank] => 10
        )

    [12] => Array
        (
            [CountyName] => Warren
            [dma_name] => New York, NY
            [flips] => 165
            [purchase_price] => 95000
            [resale_price] => 179900
            [gross_margin] => 84900
            [gross_margin_perc] => 89.3684
            [flipcount_rank] => 17
            [flipmargin_rank] => 9
        )

    [13] => Array
        (
            [CountyName] => Essex
            [dma_name] => New York, NY
            [flips] => 794
            [purchase_price] => 155355
            [resale_price] => 294339
            [gross_margin] => 138984
            [gross_margin_perc] => 89.4622
            [flipcount_rank] => 3
            [flipmargin_rank] => 8
        )

    [14] => Array
        (
            [CountyName] => Atlantic
            [dma_name] => Philadelphia, PA
            [flips] => 485
            [purchase_price] => 91465
            [resale_price] => 185835
            [gross_margin] => 94370
            [gross_margin_perc] => 103.1761
            [flipcount_rank] => 9
            [flipmargin_rank] => 7
        )

    [15] => Array
        (
            [CountyName] => Burlington
            [dma_name] => Philadelphia, PA
            [flips] => 790
            [purchase_price] => 97743
            [resale_price] => 205268
            [gross_margin] => 107525
            [gross_margin_perc] => 110.0079
            [flipcount_rank] => 4
            [flipmargin_rank] => 6
        )

    [16] => Array
        (
            [CountyName] => Camden
            [dma_name] => Philadelphia, PA
            [flips] => 1027
            [purchase_price] => 89791
            [resale_price] => 189796
            [gross_margin] => 100005
            [gross_margin_perc] => 111.3753
            [flipcount_rank] => 2
            [flipmargin_rank] => 5
        )

    [17] => Array
        (
            [CountyName] => Gloucester
            [dma_name] => Philadelphia, PA
            [flips] => 455
            [purchase_price] => 87174
            [resale_price] => 189000
            [gross_margin] => 101826
            [gross_margin_perc] => 116.8078
            [flipcount_rank] => 10
            [flipmargin_rank] => 4
        )

    [18] => Array
        (
            [CountyName] => Sussex
            [dma_name] => New York, NY
            [flips] => 147
            [purchase_price] => 106840
            [resale_price] => 239422
            [gross_margin] => 132582
            [gross_margin_perc] => 124.0940
            [flipcount_rank] => 19
            [flipmargin_rank] => 3
        )

    [19] => Array
        (
            [CountyName] => Cumberland
            [dma_name] => Philadelphia, PA
            [flips] => 169
            [purchase_price] => 52997
            [resale_price] => 142450
            [gross_margin] => 89453
            [gross_margin_perc] => 168.7888
            [flipcount_rank] => 16
            [flipmargin_rank] => 2
        )

    [20] => Array
        (
            [CountyName] => Salem
            [dma_name] => Philadelphia, PA
            [flips] => 108
            [purchase_price] => 44699
            [resale_price] => 143366
            [gross_margin] => 98667
            [gross_margin_perc] => 220.7365
            [flipcount_rank] => 20
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in NJ
CountyMarket AreaProfit Margin
SalemPhiladelphia, PA221%
CumberlandPhiladelphia, PA169%
SussexNew York, NY124%
GloucesterPhiladelphia, PA117%
CamdenPhiladelphia, PA111%
BurlingtonPhiladelphia, PA110%
Bottom 5 Counties in NJ
CountyMarket AreaProfit Margin
HudsonNew York, NY44%
Cape MayPhiladelphia, PA46%
SomersetNew York, NY48%
MonmouthNew York, NY56%
BergenNew York, NY60%
MiddlesexNew York, NY63%

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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