Virginia

Virginia House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => Lancaster
            [dma_name] => Richmond-Petersburg, VA
            [flips] => 10
            [purchase_price] => 145000
            [resale_price] => 110000
            [gross_margin] => -35000
            [gross_margin_perc] => -24.1379
            [flipcount_rank] => 70
            [flipmargin_rank] => 85
        )

    [1] => Array
        (
            [CountyName] => Gloucester
            [dma_name] => Norfolk-Portsmouth-Newport News, VA
            [flips] => 6
            [purchase_price] => 231500
            [resale_price] => 183000
            [gross_margin] => -48500
            [gross_margin_perc] => -20.9503
            [flipcount_rank] => 83
            [flipmargin_rank] => 84
        )

    [2] => Array
        (
            [CountyName] => Wise
            [dma_name] => Tri-Cities, TN-VA
            [flips] => 13
            [purchase_price] => 75000
            [resale_price] => 70000
            [gross_margin] => -5000
            [gross_margin_perc] => -6.6667
            [flipcount_rank] => 62
            [flipmargin_rank] => 83
        )

    [3] => Array
        (
            [CountyName] => Galax City
            [dma_name] => Roanoke-Lynchburg, VA
            [flips] => 10
            [purchase_price] => 78639
            [resale_price] => 79139
            [gross_margin] => 500
            [gross_margin_perc] => 0.6358
            [flipcount_rank] => 70
            [flipmargin_rank] => 82
        )

    [4] => Array
        (
            [CountyName] => Russell
            [dma_name] => Tri-Cities, TN-VA
            [flips] => 13
            [purchase_price] => 32000
            [resale_price] => 35000
            [gross_margin] => 3000
            [gross_margin_perc] => 9.3750
            [flipcount_rank] => 62
            [flipmargin_rank] => 81
        )

    [5] => Array
        (
            [CountyName] => Augusta
            [dma_name] => Harrisonburg, VA
            [flips] => 14
            [purchase_price] => 217400
            [resale_price] => 241450
            [gross_margin] => 24050
            [gross_margin_perc] => 11.0626
            [flipcount_rank] => 60
            [flipmargin_rank] => 80
        )

    [6] => Array
        (
            [CountyName] => Franklin
            [dma_name] => Roanoke-Lynchburg, VA
            [flips] => 31
            [purchase_price] => 123700
            [resale_price] => 140000
            [gross_margin] => 16300
            [gross_margin_perc] => 13.1770
            [flipcount_rank] => 36
            [flipmargin_rank] => 79
        )

    [7] => Array
        (
            [CountyName] => Lexington City
            [dma_name] => Roanoke-Lynchburg, VA
            [flips] => 8
            [purchase_price] => 178000
            [resale_price] => 204375
            [gross_margin] => 26375
            [gross_margin_perc] => 14.8174
            [flipcount_rank] => 78
            [flipmargin_rank] => 78
        )

    [8] => Array
        (
            [CountyName] => Winchester City
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 17
            [purchase_price] => 149950
            [resale_price] => 179000
            [gross_margin] => 29050
            [gross_margin_perc] => 19.3731
            [flipcount_rank] => 56
            [flipmargin_rank] => 77
        )

    [9] => Array
        (
            [CountyName] => Northampton
            [dma_name] => Norfolk-Portsmouth-Newport News, VA
            [flips] => 7
            [purchase_price] => 283750
            [resale_price] => 339000
            [gross_margin] => 55250
            [gross_margin_perc] => 19.4714
            [flipcount_rank] => 81
            [flipmargin_rank] => 76
        )

    [10] => Array
        (
            [CountyName] => Manassas City
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 41
            [purchase_price] => 236197
            [resale_price] => 286561
            [gross_margin] => 50364
            [gross_margin_perc] => 21.3229
            [flipcount_rank] => 29
            [flipmargin_rank] => 75
        )

    [11] => Array
        (
            [CountyName] => Harrisonburg City
            [dma_name] => Harrisonburg, VA
            [flips] => 20
            [purchase_price] => 159650
            [resale_price] => 198500
            [gross_margin] => 38850
            [gross_margin_perc] => 24.3345
            [flipcount_rank] => 48
            [flipmargin_rank] => 74
        )

    [12] => Array
        (
            [CountyName] => Loudoun
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 155
            [purchase_price] => 356688
            [resale_price] => 450526
            [gross_margin] => 93838
            [gross_margin_perc] => 26.3081
            [flipcount_rank] => 12
            [flipmargin_rank] => 73
        )

    [13] => Array
        (
            [CountyName] => Rockbridge
            [dma_name] => Roanoke-Lynchburg, VA
            [flips] => 8
            [purchase_price] => 152250
            [resale_price] => 192500
            [gross_margin] => 40250
            [gross_margin_perc] => 26.4368
            [flipcount_rank] => 78
            [flipmargin_rank] => 72
        )

    [14] => Array
        (
            [CountyName] => Culpeper
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 23
            [purchase_price] => 194900
            [resale_price] => 250000
            [gross_margin] => 55100
            [gross_margin_perc] => 28.2709
            [flipcount_rank] => 42
            [flipmargin_rank] => 71
        )

    [15] => Array
        (
            [CountyName] => Alexandria City
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 121
            [purchase_price] => 382079
            [resale_price] => 502107
            [gross_margin] => 120028
            [gross_margin_perc] => 31.4144
            [flipcount_rank] => 15
            [flipmargin_rank] => 70
        )

    [16] => Array
        (
            [CountyName] => Rockingham
            [dma_name] => Harrisonburg, VA
            [flips] => 46
            [purchase_price] => 159000
            [resale_price] => 209500
            [gross_margin] => 50500
            [gross_margin_perc] => 31.7610
            [flipcount_rank] => 26
            [flipmargin_rank] => 69
        )

    [17] => Array
        (
            [CountyName] => Carroll
            [dma_name] => Roanoke-Lynchburg, VA
            [flips] => 28
            [purchase_price] => 56804
            [resale_price] => 75000
            [gross_margin] => 18196
            [gross_margin_perc] => 32.0330
            [flipcount_rank] => 38
            [flipmargin_rank] => 68
        )

    [18] => Array
        (
            [CountyName] => Hanover
            [dma_name] => Richmond-Petersburg, VA
            [flips] => 42
            [purchase_price] => 202100
            [resale_price] => 267450
            [gross_margin] => 65350
            [gross_margin_perc] => 32.3355
            [flipcount_rank] => 27
            [flipmargin_rank] => 67
        )

    [19] => Array
        (
            [CountyName] => Grayson
            [dma_name] => Roanoke-Lynchburg, VA
            [flips] => 11
            [purchase_price] => 69250
            [resale_price] => 92000
            [gross_margin] => 22750
            [gross_margin_perc] => 32.8520
            [flipcount_rank] => 65
            [flipmargin_rank] => 66
        )

    [20] => Array
        (
            [CountyName] => Poquoson City
            [dma_name] => Richmond-Petersburg, VA
            [flips] => 18
            [purchase_price] => 128976
            [resale_price] => 173083
            [gross_margin] => 44107
            [gross_margin_perc] => 34.1978
            [flipcount_rank] => 54
            [flipmargin_rank] => 65
        )

    [21] => Array
        (
            [CountyName] => Shenandoah
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 27
            [purchase_price] => 141250
            [resale_price] => 190500
            [gross_margin] => 49250
            [gross_margin_perc] => 34.8673
            [flipcount_rank] => 40
            [flipmargin_rank] => 64
        )

    [22] => Array
        (
            [CountyName] => Fairfax
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 651
            [purchase_price] => 382605
            [resale_price] => 517609
            [gross_margin] => 135004
            [gross_margin_perc] => 35.2855
            [flipcount_rank] => 1
            [flipmargin_rank] => 63
        )

    [23] => Array
        (
            [CountyName] => Stafford
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 110
            [purchase_price] => 262538
            [resale_price] => 358859
            [gross_margin] => 96321
            [gross_margin_perc] => 36.6884
            [flipcount_rank] => 17
            [flipmargin_rank] => 62
        )

    [24] => Array
        (
            [CountyName] => PRINCE WILLIAM
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 428
            [purchase_price] => 245140
            [resale_price] => 339942
            [gross_margin] => 94801
            [gross_margin_perc] => 38.6722
            [flipcount_rank] => 5
            [flipmargin_rank] => 61
        )

    [25] => Array
        (
            [CountyName] => Brunswick
            [dma_name] => Richmond-Petersburg, VA
            [flips] => 6
            [purchase_price] => 100400
            [resale_price] => 139900
            [gross_margin] => 39500
            [gross_margin_perc] => 39.3426
            [flipcount_rank] => 83
            [flipmargin_rank] => 60
        )

    [26] => Array
        (
            [CountyName] => Washington
            [dma_name] => Tri-Cities, TN-VA
            [flips] => 9
            [purchase_price] => 92250
            [resale_price] => 130000
            [gross_margin] => 37750
            [gross_margin_perc] => 40.9214
            [flipcount_rank] => 73
            [flipmargin_rank] => 59
        )

    [27] => Array
        (
            [CountyName] => Danville City
            [dma_name] => Roanoke-Lynchburg, VA
            [flips] => 52
            [purchase_price] => 37100
            [resale_price] => 53943
            [gross_margin] => 16843
            [gross_margin_perc] => 45.3989
            [flipcount_rank] => 23
            [flipmargin_rank] => 58
        )

    [28] => Array
        (
            [CountyName] => Staunton City
            [dma_name] => Harrisonburg, VA
            [flips] => 37
            [purchase_price] => 106550
            [resale_price] => 155000
            [gross_margin] => 48450
            [gross_margin_perc] => 45.4716
            [flipcount_rank] => 31
            [flipmargin_rank] => 57
        )

    [29] => Array
        (
            [CountyName] => Fairfax City
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 11
            [purchase_price] => 370000
            [resale_price] => 549900
            [gross_margin] => 179900
            [gross_margin_perc] => 48.6216
            [flipcount_rank] => 65
            [flipmargin_rank] => 56
        )

    [30] => Array
        (
            [CountyName] => Wythe
            [dma_name] => Roanoke-Lynchburg, VA
            [flips] => 10
            [purchase_price] => 82688
            [resale_price] => 123000
            [gross_margin] => 40312
            [gross_margin_perc] => 48.7519
            [flipcount_rank] => 70
            [flipmargin_rank] => 55
        )

    [31] => Array
        (
            [CountyName] => Arlington
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 71
            [purchase_price] => 495000
            [resale_price] => 740000
            [gross_margin] => 245000
            [gross_margin_perc] => 49.4949
            [flipcount_rank] => 21
            [flipmargin_rank] => 54
        )

    [32] => Array
        (
            [CountyName] => Botetourt
            [dma_name] => Roanoke-Lynchburg, VA
            [flips] => 14
            [purchase_price] => 137000
            [resale_price] => 205000
            [gross_margin] => 68000
            [gross_margin_perc] => 49.6350
            [flipcount_rank] => 60
            [flipmargin_rank] => 53
        )

    [33] => Array
        (
            [CountyName] => Roanoke
            [dma_name] => Roanoke-Lynchburg, VA
            [flips] => 113
            [purchase_price] => 114781
            [resale_price] => 178425
            [gross_margin] => 63643
            [gross_margin_perc] => 55.4473
            [flipcount_rank] => 16
            [flipmargin_rank] => 52
        )

    [34] => Array
        (
            [CountyName] => Mathews
            [dma_name] => Norfolk-Portsmouth-Newport News, VA
            [flips] => 6
            [purchase_price] => 40125
            [resale_price] => 62500
            [gross_margin] => 22375
            [gross_margin_perc] => 55.7632
            [flipcount_rank] => 83
            [flipmargin_rank] => 51
        )

    [35] => Array
        (
            [CountyName] => Virginia Beach City
            [dma_name] => Norfolk-Portsmouth-Newport News, VA
            [flips] => 537
            [purchase_price] => 160125
            [resale_price] => 249739
            [gross_margin] => 89615
            [gross_margin_perc] => 55.9657
            [flipcount_rank] => 3
            [flipmargin_rank] => 50
        )

    [36] => Array
        (
            [CountyName] => Henrico
            [dma_name] => Richmond-Petersburg, VA
            [flips] => 275
            [purchase_price] => 150706
            [resale_price] => 238925
            [gross_margin] => 88219
            [gross_margin_perc] => 58.5372
            [flipcount_rank] => 9
            [flipmargin_rank] => 49
        )

    [37] => Array
        (
            [CountyName] => Spotsylvania
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 164
            [purchase_price] => 160984
            [resale_price] => 263563
            [gross_margin] => 102579
            [gross_margin_perc] => 63.7200
            [flipcount_rank] => 11
            [flipmargin_rank] => 48
        )

    [38] => Array
        (
            [CountyName] => Clarke
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 9
            [purchase_price] => 216785
            [resale_price] => 355730
            [gross_margin] => 138945
            [gross_margin_perc] => 64.0935
            [flipcount_rank] => 73
            [flipmargin_rank] => 47
        )

    [39] => Array
        (
            [CountyName] => Bristol
            [dma_name] => Tri-Cities, TN-VA
            [flips] => 19
            [purchase_price] => 63500
            [resale_price] => 105750
            [gross_margin] => 42250
            [gross_margin_perc] => 66.5354
            [flipcount_rank] => 52
            [flipmargin_rank] => 46
        )

    [40] => Array
        (
            [CountyName] => Charlottesville City
            [dma_name] => Charlottesville, VA
            [flips] => 15
            [purchase_price] => 200202
            [resale_price] => 335000
            [gross_margin] => 134798
            [gross_margin_perc] => 67.3310
            [flipcount_rank] => 57
            [flipmargin_rank] => 45
        )

    [41] => Array
        (
            [CountyName] => Goochland
            [dma_name] => Richmond-Petersburg, VA
            [flips] => 20
            [purchase_price] => 162750
            [resale_price] => 273000
            [gross_margin] => 110250
            [gross_margin_perc] => 67.7419
            [flipcount_rank] => 48
            [flipmargin_rank] => 44
        )

    [42] => Array
        (
            [CountyName] => Fluvanna
            [dma_name] => Charlottesville, VA
            [flips] => 26
            [purchase_price] => 140000
            [resale_price] => 234900
            [gross_margin] => 94900
            [gross_margin_perc] => 67.7857
            [flipcount_rank] => 41
            [flipmargin_rank] => 43
        )

    [43] => Array
        (
            [CountyName] => James City
            [dma_name] => Norfolk-Portsmouth-Newport News, VA
            [flips] => 92
            [purchase_price] => 167750
            [resale_price] => 284900
            [gross_margin] => 117150
            [gross_margin_perc] => 69.8361
            [flipcount_rank] => 19
            [flipmargin_rank] => 42
        )

    [44] => Array
        (
            [CountyName] => York
            [dma_name] => Norfolk-Portsmouth-Newport News, VA
            [flips] => 33
            [purchase_price] => 171000
            [resale_price] => 292000
            [gross_margin] => 121000
            [gross_margin_perc] => 70.7602
            [flipcount_rank] => 34
            [flipmargin_rank] => 41
        )

    [45] => Array
        (
            [CountyName] => Salem
            [dma_name] => Roanoke-Lynchburg, VA
            [flips] => 22
            [purchase_price] => 114896
            [resale_price] => 199950
            [gross_margin] => 85054
            [gross_margin_perc] => 74.0269
            [flipcount_rank] => 45
            [flipmargin_rank] => 40
        )

    [46] => Array
        (
            [CountyName] => Lynchburg City
            [dma_name] => Roanoke-Lynchburg, VA
            [flips] => 49
            [purchase_price] => 102000
            [resale_price] => 178950
            [gross_margin] => 76950
            [gross_margin_perc] => 75.4412
            [flipcount_rank] => 24
            [flipmargin_rank] => 39
        )

    [47] => Array
        (
            [CountyName] => Frederick
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 74
            [purchase_price] => 147500
            [resale_price] => 267450
            [gross_margin] => 119950
            [gross_margin_perc] => 81.3220
            [flipcount_rank] => 20
            [flipmargin_rank] => 38
        )

    [48] => Array
        (
            [CountyName] => Louisa
            [dma_name] => Richmond-Petersburg, VA
            [flips] => 29
            [purchase_price] => 112483
            [resale_price] => 204355
            [gross_margin] => 91872
            [gross_margin_perc] => 81.6763
            [flipcount_rank] => 37
            [flipmargin_rank] => 37
        )

    [49] => Array
        (
            [CountyName] => Scott
            [dma_name] => Tri-Cities, TN-VA
            [flips] => 12
            [purchase_price] => 40250
            [resale_price] => 73800
            [gross_margin] => 33550
            [gross_margin_perc] => 83.3540
            [flipcount_rank] => 64
            [flipmargin_rank] => 36
        )

    [50] => Array
        (
            [CountyName] => Newport News City
            [dma_name] => Norfolk-Portsmouth-Newport News, VA
            [flips] => 264
            [purchase_price] => 102932
            [resale_price] => 188890
            [gross_margin] => 85958
            [gross_margin_perc] => 83.5095
            [flipcount_rank] => 10
            [flipmargin_rank] => 35
        )

    [51] => Array
        (
            [CountyName] => Roanoke City
            [dma_name] => Roanoke-Lynchburg, VA
            [flips] => 148
            [purchase_price] => 71062
            [resale_price] => 130627
            [gross_margin] => 59566
            [gross_margin_perc] => 83.8226
            [flipcount_rank] => 14
            [flipmargin_rank] => 34
        )

    [52] => Array
        (
            [CountyName] => Fredericksburg City
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 22
            [purchase_price] => 150409
            [resale_price] => 277636
            [gross_margin] => 127227
            [gross_margin_perc] => 84.5874
            [flipcount_rank] => 45
            [flipmargin_rank] => 33
        )

    [53] => Array
        (
            [CountyName] => Orange
            [dma_name] => Richmond-Petersburg, VA
            [flips] => 67
            [purchase_price] => 125900
            [resale_price] => 236900
            [gross_margin] => 111000
            [gross_margin_perc] => 88.1652
            [flipcount_rank] => 22
            [flipmargin_rank] => 32
        )

    [54] => Array
        (
            [CountyName] => Halifax
            [dma_name] => Roanoke-Lynchburg, VA
            [flips] => 9
            [purchase_price] => 30000
            [resale_price] => 56500
            [gross_margin] => 26500
            [gross_margin_perc] => 88.3333
            [flipcount_rank] => 73
            [flipmargin_rank] => 31
        )

    [55] => Array
        (
            [CountyName] => Pulaski
            [dma_name] => Roanoke-Lynchburg, VA
            [flips] => 15
            [purchase_price] => 66500
            [resale_price] => 126900
            [gross_margin] => 60400
            [gross_margin_perc] => 90.8271
            [flipcount_rank] => 57
            [flipmargin_rank] => 30
        )

    [56] => Array
        (
            [CountyName] => Waynesboro City
            [dma_name] => Harrisonburg, VA
            [flips] => 23
            [purchase_price] => 85000
            [resale_price] => 165000
            [gross_margin] => 80000
            [gross_margin_perc] => 94.1176
            [flipcount_rank] => 42
            [flipmargin_rank] => 29
        )

    [57] => Array
        (
            [CountyName] => Chesapeake City
            [dma_name] => Norfolk-Portsmouth-Newport News, VA
            [flips] => 18
            [purchase_price] => 146250
            [resale_price] => 284750
            [gross_margin] => 138500
            [gross_margin_perc] => 94.7009
            [flipcount_rank] => 54
            [flipmargin_rank] => 28
        )

    [58] => Array
        (
            [CountyName] => Henry
            [dma_name] => Roanoke-Lynchburg, VA
            [flips] => 20
            [purchase_price] => 23400
            [resale_price] => 46000
            [gross_margin] => 22600
            [gross_margin_perc] => 96.5812
            [flipcount_rank] => 48
            [flipmargin_rank] => 27
        )

    [59] => Array
        (
            [CountyName] => Colonial Heights City
            [dma_name] => Richmond-Petersburg, VA
            [flips] => 32
            [purchase_price] => 97880
            [resale_price] => 195474
            [gross_margin] => 97594
            [gross_margin_perc] => 99.7078
            [flipcount_rank] => 35
            [flipmargin_rank] => 26
        )

    [60] => Array
        (
            [CountyName] => Caroline
            [dma_name] => Richmond-Petersburg, VA
            [flips] => 42
            [purchase_price] => 105190
            [resale_price] => 210248
            [gross_margin] => 105057
            [gross_margin_perc] => 99.8736
            [flipcount_rank] => 27
            [flipmargin_rank] => 25
        )

    [61] => Array
        (
            [CountyName] => Martinsville City
            [dma_name] => Roanoke-Lynchburg, VA
            [flips] => 22
            [purchase_price] => 39750
            [resale_price] => 80950
            [gross_margin] => 41200
            [gross_margin_perc] => 103.6478
            [flipcount_rank] => 45
            [flipmargin_rank] => 24
        )

    [62] => Array
        (
            [CountyName] => Falls Church City
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 9
            [purchase_price] => 625000
            [resale_price] => 1290960
            [gross_margin] => 665960
            [gross_margin_perc] => 106.5536
            [flipcount_rank] => 73
            [flipmargin_rank] => 23
        )

    [63] => Array
        (
            [CountyName] => Hampton City
            [dma_name] => Norfolk-Portsmouth-Newport News, VA
            [flips] => 315
            [purchase_price] => 86500
            [resale_price] => 180000
            [gross_margin] => 93500
            [gross_margin_perc] => 108.0925
            [flipcount_rank] => 7
            [flipmargin_rank] => 22
        )

    [64] => Array
        (
            [CountyName] => Suffolk City
            [dma_name] => Norfolk-Portsmouth-Newport News, VA
            [flips] => 154
            [purchase_price] => 106000
            [resale_price] => 222450
            [gross_margin] => 116450
            [gross_margin_perc] => 109.8585
            [flipcount_rank] => 13
            [flipmargin_rank] => 21
        )

    [65] => Array
        (
            [CountyName] => Norfolk City
            [dma_name] => Norfolk-Portsmouth-Newport News, VA
            [flips] => 451
            [purchase_price] => 100000
            [resale_price] => 215000
            [gross_margin] => 115000
            [gross_margin_perc] => 115.0000
            [flipcount_rank] => 4
            [flipmargin_rank] => 20
        )

    [66] => Array
        (
            [CountyName] => Greene
            [dma_name] => Charlottesville, VA
            [flips] => 15
            [purchase_price] => 100000
            [resale_price] => 215150
            [gross_margin] => 115150
            [gross_margin_perc] => 115.1500
            [flipcount_rank] => 57
            [flipmargin_rank] => 19
        )

    [67] => Array
        (
            [CountyName] => Chesterfield
            [dma_name] => Richmond-Petersburg, VA
            [flips] => 547
            [purchase_price] => 122987
            [resale_price] => 267975
            [gross_margin] => 144988
            [gross_margin_perc] => 117.8889
            [flipcount_rank] => 2
            [flipmargin_rank] => 18
        )

    [68] => Array
        (
            [CountyName] => Bedford
            [dma_name] => Roanoke-Lynchburg, VA
            [flips] => 37
            [purchase_price] => 111500
            [resale_price] => 243500
            [gross_margin] => 132000
            [gross_margin_perc] => 118.3857
            [flipcount_rank] => 31
            [flipmargin_rank] => 17
        )

    [69] => Array
        (
            [CountyName] => Richmond City
            [dma_name] => Richmond-Petersburg, VA
            [flips] => 354
            [purchase_price] => 77288
            [resale_price] => 169027
            [gross_margin] => 91739
            [gross_margin_perc] => 118.6976
            [flipcount_rank] => 6
            [flipmargin_rank] => 16
        )

    [70] => Array
        (
            [CountyName] => Petersburg City
            [dma_name] => Tri-Cities, TN-VA
            [flips] => 23
            [purchase_price] => 78783
            [resale_price] => 172761
            [gross_margin] => 93978
            [gross_margin_perc] => 119.2872
            [flipcount_rank] => 42
            [flipmargin_rank] => 15
        )

    [71] => Array
        (
            [CountyName] => King George
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 20
            [purchase_price] => 103300
            [resale_price] => 227400
            [gross_margin] => 124100
            [gross_margin_perc] => 120.1355
            [flipcount_rank] => 48
            [flipmargin_rank] => 14
        )

    [72] => Array
        (
            [CountyName] => Portsmouth City
            [dma_name] => Norfolk-Portsmouth-Newport News, VA
            [flips] => 298
            [purchase_price] => 76960
            [resale_price] => 175000
            [gross_margin] => 98040
            [gross_margin_perc] => 127.3909
            [flipcount_rank] => 8
            [flipmargin_rank] => 13
        )

    [73] => Array
        (
            [CountyName] => Mecklenburg
            [dma_name] => Raleigh-Durham (Fayetteville), NC
            [flips] => 11
            [purchase_price] => 73750
            [resale_price] => 168750
            [gross_margin] => 95000
            [gross_margin_perc] => 128.8136
            [flipcount_rank] => 65
            [flipmargin_rank] => 12
        )

    [74] => Array
        (
            [CountyName] => Fauquier
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 96
            [purchase_price] => 211209
            [resale_price] => 502500
            [gross_margin] => 291291
            [gross_margin_perc] => 137.9160
            [flipcount_rank] => 18
            [flipmargin_rank] => 11
        )

    [75] => Array
        (
            [CountyName] => Pittsylvania
            [dma_name] => Roanoke-Lynchburg, VA
            [flips] => 19
            [purchase_price] => 32000
            [resale_price] => 80000
            [gross_margin] => 48000
            [gross_margin_perc] => 150.0000
            [flipcount_rank] => 52
            [flipmargin_rank] => 10
        )

    [76] => Array
        (
            [CountyName] => Hopewell City
            [dma_name] => Richmond-Petersburg, VA
            [flips] => 28
            [purchase_price] => 47000
            [resale_price] => 119700
            [gross_margin] => 72700
            [gross_margin_perc] => 154.6809
            [flipcount_rank] => 38
            [flipmargin_rank] => 9
        )

    [77] => Array
        (
            [CountyName] => Campbell
            [dma_name] => Roanoke-Lynchburg, VA
            [flips] => 7
            [purchase_price] => 63450
            [resale_price] => 170000
            [gross_margin] => 106550
            [gross_margin_perc] => 167.9275
            [flipcount_rank] => 81
            [flipmargin_rank] => 8
        )

    [78] => Array
        (
            [CountyName] => Bedford city
            [dma_name] => Roanoke-Lynchburg, VA
            [flips] => 11
            [purchase_price] => 52525
            [resale_price] => 159900
            [gross_margin] => 107375
            [gross_margin_perc] => 204.4265
            [flipcount_rank] => 65
            [flipmargin_rank] => 7
        )

    [79] => Array
        (
            [CountyName] => Albemarle
            [dma_name] => Charlottesville, VA
            [flips] => 48
            [purchase_price] => 151642
            [resale_price] => 464557
            [gross_margin] => 312915
            [gross_margin_perc] => 206.3511
            [flipcount_rank] => 25
            [flipmargin_rank] => 6
        )

    [80] => Array
        (
            [CountyName] => Warren
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 41
            [purchase_price] => 90000
            [resale_price] => 277800
            [gross_margin] => 187800
            [gross_margin_perc] => 208.6667
            [flipcount_rank] => 29
            [flipmargin_rank] => 5
        )

    [81] => Array
        (
            [CountyName] => Richmond
            [dma_name] => Richmond-Petersburg, VA
            [flips] => 11
            [purchase_price] => 39250
            [resale_price] => 145000
            [gross_margin] => 105750
            [gross_margin_perc] => 269.4268
            [flipcount_rank] => 65
            [flipmargin_rank] => 4
        )

    [82] => Array
        (
            [CountyName] => Middlesex
            [dma_name] => Richmond-Petersburg, VA
            [flips] => 8
            [purchase_price] => 60000
            [resale_price] => 222250
            [gross_margin] => 162250
            [gross_margin_perc] => 270.4167
            [flipcount_rank] => 78
            [flipmargin_rank] => 3
        )

    [83] => Array
        (
            [CountyName] => New Kent
            [dma_name] => Richmond-Petersburg, VA
            [flips] => 34
            [purchase_price] => 75000
            [resale_price] => 278480
            [gross_margin] => 203480
            [gross_margin_perc] => 271.3067
            [flipcount_rank] => 33
            [flipmargin_rank] => 2
        )

    [84] => Array
        (
            [CountyName] => Westmoreland
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 9
            [purchase_price] => 25000
            [resale_price] => 200000
            [gross_margin] => 175000
            [gross_margin_perc] => 700.0000
            [flipcount_rank] => 73
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in VA
CountyMarket AreaProfit Margin
WestmorelandWashington, DC (Hagerstown, MD)700%
New KentRichmond-Petersburg, VA271%
MiddlesexRichmond-Petersburg, VA270%
RichmondRichmond-Petersburg, VA269%
WarrenWashington, DC (Hagerstown, MD)209%
AlbemarleCharlottesville, VA206%
Bottom 5 Counties in VA
CountyMarket AreaProfit Margin
LancasterRichmond-Petersburg, VA-24%
GloucesterNorfolk-Portsmouth-Newport News, VA-21%
WiseTri-Cities, TN-VA-7%
Galax CityRoanoke-Lynchburg, VA1%
RussellTri-Cities, TN-VA9%
AugustaHarrisonburg, VA11%

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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