New York

New York House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => Seneca
            [dma_name] => Syracuse, NY
            [flips] => 6
            [purchase_price] => 67000
            [resale_price] => 57250
            [gross_margin] => -9750
            [gross_margin_perc] => -14.5522
            [flipcount_rank] => 52
            [flipmargin_rank] => 53
        )

    [1] => Array
        (
            [CountyName] => Tioga
            [dma_name] => Binghamton, NY
            [flips] => 6
            [purchase_price] => 35000
            [resale_price] => 29994
            [gross_margin] => -5006
            [gross_margin_perc] => -14.3029
            [flipcount_rank] => 52
            [flipmargin_rank] => 52
        )

    [2] => Array
        (
            [CountyName] => New York
            [dma_name] => New York, NY
            [flips] => 25
            [purchase_price] => 1394880
            [resale_price] => 1206476
            [gross_margin] => -188404
            [gross_margin_perc] => -13.5068
            [flipcount_rank] => 36
            [flipmargin_rank] => 51
        )

    [3] => Array
        (
            [CountyName] => Franklin
            [dma_name] => Burlington, VT-Plattsburgh, NY
            [flips] => 10
            [purchase_price] => 35450
            [resale_price] => 31000
            [gross_margin] => -4450
            [gross_margin_perc] => -12.5529
            [flipcount_rank] => 45
            [flipmargin_rank] => 50
        )

    [4] => Array
        (
            [CountyName] => Chautauqua
            [dma_name] => Buffalo, NY
            [flips] => 8
            [purchase_price] => 50696
            [resale_price] => 46100
            [gross_margin] => -4596
            [gross_margin_perc] => -9.0658
            [flipcount_rank] => 49
            [flipmargin_rank] => 49
        )

    [5] => Array
        (
            [CountyName] => Saint Lawrence
            [dma_name] => Watertown, NY
            [flips] => 19
            [purchase_price] => 75000
            [resale_price] => 78500
            [gross_margin] => 3500
            [gross_margin_perc] => 4.6667
            [flipcount_rank] => 39
            [flipmargin_rank] => 48
        )

    [6] => Array
        (
            [CountyName] => Tompkins
            [dma_name] => Syracuse, NY
            [flips] => 25
            [purchase_price] => 154500
            [resale_price] => 164000
            [gross_margin] => 9500
            [gross_margin_perc] => 6.1489
            [flipcount_rank] => 36
            [flipmargin_rank] => 47
        )

    [7] => Array
        (
            [CountyName] => Otsego
            [dma_name] => Utica, NY
            [flips] => 27
            [purchase_price] => 72500
            [resale_price] => 80000
            [gross_margin] => 7500
            [gross_margin_perc] => 10.3448
            [flipcount_rank] => 34
            [flipmargin_rank] => 46
        )

    [8] => Array
        (
            [CountyName] => Cortland
            [dma_name] => Syracuse, NY
            [flips] => 16
            [purchase_price] => 103550
            [resale_price] => 115250
            [gross_margin] => 11700
            [gross_margin_perc] => 11.2989
            [flipcount_rank] => 41
            [flipmargin_rank] => 45
        )

    [9] => Array
        (
            [CountyName] => Ontario
            [dma_name] => Rochester, NY
            [flips] => 41
            [purchase_price] => 126650
            [resale_price] => 142450
            [gross_margin] => 15800
            [gross_margin_perc] => 12.4753
            [flipcount_rank] => 25
            [flipmargin_rank] => 44
        )

    [10] => Array
        (
            [CountyName] => Chenango
            [dma_name] => Binghamton, NY
            [flips] => 8
            [purchase_price] => 42601
            [resale_price] => 48000
            [gross_margin] => 5399
            [gross_margin_perc] => 12.6734
            [flipcount_rank] => 49
            [flipmargin_rank] => 43
        )

    [11] => Array
        (
            [CountyName] => Sullivan
            [dma_name] => New York, NY
            [flips] => 39
            [purchase_price] => 59900
            [resale_price] => 70000
            [gross_margin] => 10100
            [gross_margin_perc] => 16.8614
            [flipcount_rank] => 26
            [flipmargin_rank] => 42
        )

    [12] => Array
        (
            [CountyName] => Clinton
            [dma_name] => Burlington, VT-Plattsburgh, NY
            [flips] => 34
            [purchase_price] => 134000
            [resale_price] => 171000
            [gross_margin] => 37000
            [gross_margin_perc] => 27.6119
            [flipcount_rank] => 28
            [flipmargin_rank] => 41
        )

    [13] => Array
        (
            [CountyName] => Onondaga
            [dma_name] => Syracuse, NY
            [flips] => 148
            [purchase_price] => 115273
            [resale_price] => 152845
            [gross_margin] => 37571
            [gross_margin_perc] => 32.5931
            [flipcount_rank] => 13
            [flipmargin_rank] => 40
        )

    [14] => Array
        (
            [CountyName] => Richmond
            [dma_name] => New York, NY
            [flips] => 174
            [purchase_price] => 363488
            [resale_price] => 489655
            [gross_margin] => 126168
            [gross_margin_perc] => 34.7104
            [flipcount_rank] => 11
            [flipmargin_rank] => 39
        )

    [15] => Array
        (
            [CountyName] => Rockland
            [dma_name] => New York, NY
            [flips] => 140
            [purchase_price] => 297079
            [resale_price] => 407836
            [gross_margin] => 110756
            [gross_margin_perc] => 37.2817
            [flipcount_rank] => 14
            [flipmargin_rank] => 38
        )

    [16] => Array
        (
            [CountyName] => Oneida
            [dma_name] => Utica, NY
            [flips] => 71
            [purchase_price] => 65000
            [resale_price] => 89500
            [gross_margin] => 24500
            [gross_margin_perc] => 37.6923
            [flipcount_rank] => 20
            [flipmargin_rank] => 37
        )

    [17] => Array
        (
            [CountyName] => Columbia
            [dma_name] => Albany-Schenectady-Troy, NY
            [flips] => 16
            [purchase_price] => 146251
            [resale_price] => 208350
            [gross_margin] => 62099
            [gross_margin_perc] => 42.4606
            [flipcount_rank] => 41
            [flipmargin_rank] => 36
        )

    [18] => Array
        (
            [CountyName] => Steuben
            [dma_name] => Elmira, NY
            [flips] => 19
            [purchase_price] => 93001
            [resale_price] => 134950
            [gross_margin] => 41949
            [gross_margin_perc] => 45.1060
            [flipcount_rank] => 39
            [flipmargin_rank] => 35
        )

    [19] => Array
        (
            [CountyName] => Westchester
            [dma_name] => New York, NY
            [flips] => 301
            [purchase_price] => 356547
            [resale_price] => 524585
            [gross_margin] => 168037
            [gross_margin_perc] => 47.1290
            [flipcount_rank] => 8
            [flipmargin_rank] => 34
        )

    [20] => Array
        (
            [CountyName] => Warren
            [dma_name] => Albany-Schenectady-Troy, NY
            [flips] => 31
            [purchase_price] => 118000
            [resale_price] => 175000
            [gross_margin] => 57000
            [gross_margin_perc] => 48.3051
            [flipcount_rank] => 31
            [flipmargin_rank] => 33
        )

    [21] => Array
        (
            [CountyName] => Nassau
            [dma_name] => New York, NY
            [flips] => 1126
            [purchase_price] => 330709
            [resale_price] => 492515
            [gross_margin] => 161806
            [gross_margin_perc] => 48.9270
            [flipcount_rank] => 2
            [flipmargin_rank] => 32
        )

    [22] => Array
        (
            [CountyName] => Delaware
            [dma_name] => Binghamton, NY
            [flips] => 10
            [purchase_price] => 84000
            [resale_price] => 129900
            [gross_margin] => 45900
            [gross_margin_perc] => 54.6429
            [flipcount_rank] => 45
            [flipmargin_rank] => 31
        )

    [23] => Array
        (
            [CountyName] => Dutchess
            [dma_name] => New York, NY
            [flips] => 172
            [purchase_price] => 170955
            [resale_price] => 269602
            [gross_margin] => 98647
            [gross_margin_perc] => 57.7035
            [flipcount_rank] => 12
            [flipmargin_rank] => 30
        )

    [24] => Array
        (
            [CountyName] => Wyoming
            [dma_name] => Buffalo, NY
            [flips] => 10
            [purchase_price] => 34000
            [resale_price] => 54000
            [gross_margin] => 20000
            [gross_margin_perc] => 58.8235
            [flipcount_rank] => 45
            [flipmargin_rank] => 29
        )

    [25] => Array
        (
            [CountyName] => Putnam
            [dma_name] => New York, NY
            [flips] => 68
            [purchase_price] => 211595
            [resale_price] => 336500
            [gross_margin] => 124905
            [gross_margin_perc] => 59.0302
            [flipcount_rank] => 21
            [flipmargin_rank] => 28
        )

    [26] => Array
        (
            [CountyName] => Saratoga
            [dma_name] => Albany-Schenectady-Troy, NY
            [flips] => 94
            [purchase_price] => 155201
            [resale_price] => 248750
            [gross_margin] => 93549
            [gross_margin_perc] => 60.2760
            [flipcount_rank] => 19
            [flipmargin_rank] => 27
        )

    [27] => Array
        (
            [CountyName] => Orange
            [dma_name] => New York, NY
            [flips] => 378
            [purchase_price] => 145884
            [resale_price] => 235370
            [gross_margin] => 89486
            [gross_margin_perc] => 61.3405
            [flipcount_rank] => 7
            [flipmargin_rank] => 26
        )

    [28] => Array
        (
            [CountyName] => Orleans
            [dma_name] => Buffalo, NY
            [flips] => 8
            [purchase_price] => 47030
            [resale_price] => 76330
            [gross_margin] => 29300
            [gross_margin_perc] => 62.3007
            [flipcount_rank] => 49
            [flipmargin_rank] => 25
        )

    [29] => Array
        (
            [CountyName] => Broome
            [dma_name] => Binghamton, NY
            [flips] => 62
            [purchase_price] => 59677
            [resale_price] => 96937
            [gross_margin] => 37260
            [gross_margin_perc] => 62.4361
            [flipcount_rank] => 22
            [flipmargin_rank] => 24
        )

    [30] => Array
        (
            [CountyName] => Suffolk
            [dma_name] => New York, NY
            [flips] => 1619
            [purchase_price] => 230059
            [resale_price] => 376400
            [gross_margin] => 146341
            [gross_margin_perc] => 63.6102
            [flipcount_rank] => 1
            [flipmargin_rank] => 23
        )

    [31] => Array
        (
            [CountyName] => Queens
            [dma_name] => New York, NY
            [flips] => 710
            [purchase_price] => 384845
            [resale_price] => 635465
            [gross_margin] => 250620
            [gross_margin_perc] => 65.1223
            [flipcount_rank] => 3
            [flipmargin_rank] => 22
        )

    [32] => Array
        (
            [CountyName] => Niagara
            [dma_name] => Buffalo, NY
            [flips] => 124
            [purchase_price] => 63020
            [resale_price] => 106839
            [gross_margin] => 43819
            [gross_margin_perc] => 69.5319
            [flipcount_rank] => 15
            [flipmargin_rank] => 21
        )

    [33] => Array
        (
            [CountyName] => Bronx
            [dma_name] => New York, NY
            [flips] => 285
            [purchase_price] => 328358
            [resale_price] => 556737
            [gross_margin] => 228379
            [gross_margin_perc] => 69.5518
            [flipcount_rank] => 9
            [flipmargin_rank] => 20
        )

    [34] => Array
        (
            [CountyName] => Monroe
            [dma_name] => Rochester, NY
            [flips] => 572
            [purchase_price] => 76000
            [resale_price] => 130000
            [gross_margin] => 54000
            [gross_margin_perc] => 71.0526
            [flipcount_rank] => 5
            [flipmargin_rank] => 19
        )

    [35] => Array
        (
            [CountyName] => Kings
            [dma_name] => New York, NY
            [flips] => 383
            [purchase_price] => 435083
            [resale_price] => 744478
            [gross_margin] => 309394
            [gross_margin_perc] => 71.1115
            [flipcount_rank] => 6
            [flipmargin_rank] => 18
        )

    [36] => Array
        (
            [CountyName] => Livingston
            [dma_name] => Rochester, NY
            [flips] => 15
            [purchase_price] => 72500
            [resale_price] => 125000
            [gross_margin] => 52500
            [gross_margin_perc] => 72.4138
            [flipcount_rank] => 44
            [flipmargin_rank] => 17
        )

    [37] => Array
        (
            [CountyName] => Oswego
            [dma_name] => Syracuse, NY
            [flips] => 35
            [purchase_price] => 46271
            [resale_price] => 79786
            [gross_margin] => 33514
            [gross_margin_perc] => 72.4298
            [flipcount_rank] => 27
            [flipmargin_rank] => 16
        )

    [38] => Array
        (
            [CountyName] => Albany
            [dma_name] => Albany-Schenectady-Troy, NY
            [flips] => 107
            [purchase_price] => 115000
            [resale_price] => 201000
            [gross_margin] => 86000
            [gross_margin_perc] => 74.7826
            [flipcount_rank] => 17
            [flipmargin_rank] => 15
        )

    [39] => Array
        (
            [CountyName] => Ulster
            [dma_name] => New York, NY
            [flips] => 109
            [purchase_price] => 102000
            [resale_price] => 179000
            [gross_margin] => 77000
            [gross_margin_perc] => 75.4902
            [flipcount_rank] => 16
            [flipmargin_rank] => 14
        )

    [40] => Array
        (
            [CountyName] => Rensselaer
            [dma_name] => Albany-Schenectady-Troy, NY
            [flips] => 107
            [purchase_price] => 86636
            [resale_price] => 152402
            [gross_margin] => 65766
            [gross_margin_perc] => 75.9107
            [flipcount_rank] => 17
            [flipmargin_rank] => 13
        )

    [41] => Array
        (
            [CountyName] => Madison
            [dma_name] => Syracuse, NY
            [flips] => 27
            [purchase_price] => 71921
            [resale_price] => 127500
            [gross_margin] => 55579
            [gross_margin_perc] => 77.2778
            [flipcount_rank] => 34
            [flipmargin_rank] => 12
        )

    [42] => Array
        (
            [CountyName] => Erie
            [dma_name] => Buffalo, NY
            [flips] => 609
            [purchase_price] => 72000
            [resale_price] => 130000
            [gross_margin] => 58000
            [gross_margin_perc] => 80.5556
            [flipcount_rank] => 4
            [flipmargin_rank] => 11
        )

    [43] => Array
        (
            [CountyName] => Wayne
            [dma_name] => Rochester, NY
            [flips] => 56
            [purchase_price] => 58750
            [resale_price] => 107750
            [gross_margin] => 49000
            [gross_margin_perc] => 83.4043
            [flipcount_rank] => 24
            [flipmargin_rank] => 10
        )

    [44] => Array
        (
            [CountyName] => Cattaraugus
            [dma_name] => Buffalo, NY
            [flips] => 22
            [purchase_price] => 35750
            [resale_price] => 66479
            [gross_margin] => 30729
            [gross_margin_perc] => 85.9552
            [flipcount_rank] => 38
            [flipmargin_rank] => 9
        )

    [45] => Array
        (
            [CountyName] => Greene
            [dma_name] => Albany-Schenectady-Troy, NY
            [flips] => 28
            [purchase_price] => 69175
            [resale_price] => 129500
            [gross_margin] => 60325
            [gross_margin_perc] => 87.2064
            [flipcount_rank] => 33
            [flipmargin_rank] => 8
        )

    [46] => Array
        (
            [CountyName] => Cayuga
            [dma_name] => Syracuse, NY
            [flips] => 30
            [purchase_price] => 50917
            [resale_price] => 96550
            [gross_margin] => 45634
            [gross_margin_perc] => 89.6243
            [flipcount_rank] => 32
            [flipmargin_rank] => 7
        )

    [47] => Array
        (
            [CountyName] => Jefferson
            [dma_name] => Watertown, NY
            [flips] => 62
            [purchase_price] => 62550
            [resale_price] => 124794
            [gross_margin] => 62244
            [gross_margin_perc] => 99.5108
            [flipcount_rank] => 22
            [flipmargin_rank] => 6
        )

    [48] => Array
        (
            [CountyName] => Schenectady
            [dma_name] => Albany-Schenectady-Troy, NY
            [flips] => 183
            [purchase_price] => 72814
            [resale_price] => 153514
            [gross_margin] => 80699
            [gross_margin_perc] => 110.8290
            [flipcount_rank] => 10
            [flipmargin_rank] => 5
        )

    [49] => Array
        (
            [CountyName] => Washington
            [dma_name] => Albany-Schenectady-Troy, NY
            [flips] => 32
            [purchase_price] => 62000
            [resale_price] => 139050
            [gross_margin] => 77050
            [gross_margin_perc] => 124.2742
            [flipcount_rank] => 30
            [flipmargin_rank] => 4
        )

    [50] => Array
        (
            [CountyName] => Chemung
            [dma_name] => Elmira, NY
            [flips] => 16
            [purchase_price] => 31545
            [resale_price] => 71450
            [gross_margin] => 39905
            [gross_margin_perc] => 126.5018
            [flipcount_rank] => 41
            [flipmargin_rank] => 3
        )

    [51] => Array
        (
            [CountyName] => Herkimer
            [dma_name] => Utica, NY
            [flips] => 10
            [purchase_price] => 28000
            [resale_price] => 78500
            [gross_margin] => 50500
            [gross_margin_perc] => 180.3571
            [flipcount_rank] => 45
            [flipmargin_rank] => 2
        )

    [52] => Array
        (
            [CountyName] => Montgomery
            [dma_name] => Albany-Schenectady-Troy, NY
            [flips] => 33
            [purchase_price] => 32717
            [resale_price] => 113000
            [gross_margin] => 80283
            [gross_margin_perc] => 245.3862
            [flipcount_rank] => 29
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in NY
CountyMarket AreaProfit Margin
MontgomeryAlbany-Schenectady-Troy, NY245%
HerkimerUtica, NY180%
ChemungElmira, NY127%
WashingtonAlbany-Schenectady-Troy, NY124%
SchenectadyAlbany-Schenectady-Troy, NY111%
JeffersonWatertown, NY100%
Bottom 5 Counties in NY
CountyMarket AreaProfit Margin
SenecaSyracuse, NY-15%
TiogaBinghamton, NY-14%
New YorkNew York, NY-14%
FranklinBurlington, VT-Plattsburgh, NY-13%
ChautauquaBuffalo, NY-9%
Saint LawrenceWatertown, NY5%

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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