Utah

Utah House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => 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] => 14
        )

    [1] => 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] => 13
        )

    [2] => 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] => 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] => 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] => 10
        )

    [5] => 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] => 9
        )

    [6] => 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] => 8
        )

    [7] => 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] => 7
        )

    [8] => 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] => 6
        )

    [9] => 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] => 5
        )

    [10] => 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] => 4
        )

    [11] => 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] => 3
        )

    [12] => 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] => 2
        )

    [13] => 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] => 1
        )

)
Top 5 Counties in UT
CountyMarket AreaProfit Margin
Salt LakeSalt Lake City, UT32%
WeberSalt Lake City, UT28%
UtahSalt Lake City, UT24%
CacheSalt Lake City, UT19%
DavisSalt Lake City, UT13%
WashingtonSalt Lake City, UT13%
Bottom 5 Counties in UT
CountyMarket AreaProfit Margin
MillardSalt Lake City, UT39%
WasatchSalt Lake City, UT-12%
Box ElderSalt Lake City, UT55%
SummitSalt Lake City, UT18%
SevierSalt Lake City, UT29%
CarbonSalt Lake City, UT57%

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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