Utah

Utah House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => Wasatch
            [dma_name] => Salt Lake City, UT
            [flips] => 10
            [purchase_price] => 391146
            [resale_price] => 343750
            [gross_margin] => -47396
            [gross_margin_perc] => -12.1172
            [flipcount_rank] => 13
            [flipmargin_rank] => 14
        )

    [1] => Array
        (
            [CountyName] => Davis
            [dma_name] => Salt Lake City, UT
            [flips] => 178
            [purchase_price] => 279872
            [resale_price] => 315338
            [gross_margin] => 35466
            [gross_margin_perc] => 12.6722
            [flipcount_rank] => 5
            [flipmargin_rank] => 13
        )

    [2] => Array
        (
            [CountyName] => Washington
            [dma_name] => Salt Lake City, UT
            [flips] => 102
            [purchase_price] => 253984
            [resale_price] => 286314
            [gross_margin] => 32330
            [gross_margin_perc] => 12.7291
            [flipcount_rank] => 6
            [flipmargin_rank] => 12
        )

    [3] => Array
        (
            [CountyName] => Summit
            [dma_name] => Salt Lake City, UT
            [flips] => 20
            [purchase_price] => 600000
            [resale_price] => 709844
            [gross_margin] => 109844
            [gross_margin_perc] => 18.3073
            [flipcount_rank] => 11
            [flipmargin_rank] => 11
        )

    [4] => Array
        (
            [CountyName] => Cache
            [dma_name] => Salt Lake City, UT
            [flips] => 185
            [purchase_price] => 235436
            [resale_price] => 279812
            [gross_margin] => 44376
            [gross_margin_perc] => 18.8484
            [flipcount_rank] => 4
            [flipmargin_rank] => 10
        )

    [5] => Array
        (
            [CountyName] => Utah
            [dma_name] => Salt Lake City, UT
            [flips] => 270
            [purchase_price] => 270000
            [resale_price] => 335571
            [gross_margin] => 65571
            [gross_margin_perc] => 24.2856
            [flipcount_rank] => 3
            [flipmargin_rank] => 9
        )

    [6] => Array
        (
            [CountyName] => Weber
            [dma_name] => Salt Lake City, UT
            [flips] => 290
            [purchase_price] => 193991
            [resale_price] => 247391
            [gross_margin] => 53399
            [gross_margin_perc] => 27.5265
            [flipcount_rank] => 2
            [flipmargin_rank] => 8
        )

    [7] => Array
        (
            [CountyName] => Tooele
            [dma_name] => Salt Lake City, UT
            [flips] => 80
            [purchase_price] => 213750
            [resale_price] => 276697
            [gross_margin] => 62947
            [gross_margin_perc] => 29.4489
            [flipcount_rank] => 8
            [flipmargin_rank] => 7
        )

    [8] => Array
        (
            [CountyName] => Sevier
            [dma_name] => Salt Lake City, UT
            [flips] => 29
            [purchase_price] => 164141
            [resale_price] => 212500
            [gross_margin] => 48359
            [gross_margin_perc] => 29.4619
            [flipcount_rank] => 10
            [flipmargin_rank] => 6
        )

    [9] => Array
        (
            [CountyName] => Salt Lake
            [dma_name] => Salt Lake City, UT
            [flips] => 708
            [purchase_price] => 261150
            [resale_price] => 344785
            [gross_margin] => 83635
            [gross_margin_perc] => 32.0257
            [flipcount_rank] => 1
            [flipmargin_rank] => 5
        )

    [10] => Array
        (
            [CountyName] => Millard
            [dma_name] => Salt Lake City, UT
            [flips] => 8
            [purchase_price] => 130625
            [resale_price] => 182132
            [gross_margin] => 51507
            [gross_margin_perc] => 39.4312
            [flipcount_rank] => 14
            [flipmargin_rank] => 4
        )

    [11] => Array
        (
            [CountyName] => Box Elder
            [dma_name] => Salt Lake City, UT
            [flips] => 14
            [purchase_price] => 190363
            [resale_price] => 294895
            [gross_margin] => 104532
            [gross_margin_perc] => 54.9119
            [flipcount_rank] => 12
            [flipmargin_rank] => 3
        )

    [12] => Array
        (
            [CountyName] => Carbon
            [dma_name] => Salt Lake City, UT
            [flips] => 30
            [purchase_price] => 94696
            [resale_price] => 149033
            [gross_margin] => 54337
            [gross_margin_perc] => 57.3805
            [flipcount_rank] => 9
            [flipmargin_rank] => 2
        )

    [13] => Array
        (
            [CountyName] => Iron
            [dma_name] => Salt Lake City, UT
            [flips] => 86
            [purchase_price] => 166500
            [resale_price] => 268716
            [gross_margin] => 102216
            [gross_margin_perc] => 61.3910
            [flipcount_rank] => 7
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in UT
CountyMarket AreaProfit Margin
IronSalt Lake City, UT61%
CarbonSalt Lake City, UT57%
Box ElderSalt Lake City, UT55%
MillardSalt Lake City, UT39%
Salt LakeSalt Lake City, UT32%
SevierSalt Lake City, UT29%
Bottom 5 Counties in UT
CountyMarket AreaProfit Margin
WasatchSalt Lake City, UT-12%
DavisSalt Lake City, UT13%
WashingtonSalt Lake City, UT13%
SummitSalt Lake City, UT18%
CacheSalt Lake City, UT19%
UtahSalt Lake City, UT24%

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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