Washington

Washington House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => Adams
            [dma_name] => Spokane, WA
            [flips] => 6
            [purchase_price] => 123637
            [resale_price] => 121667
            [gross_margin] => -1970
            [gross_margin_perc] => -1.5934
            [flipcount_rank] => 28
            [flipmargin_rank] => 29
        )

    [1] => Array
        (
            [CountyName] => Jefferson
            [dma_name] => Seattle-Tacoma, WA
            [flips] => 12
            [purchase_price] => 327531
            [resale_price] => 336781
            [gross_margin] => 9250
            [gross_margin_perc] => 2.8242
            [flipcount_rank] => 25
            [flipmargin_rank] => 28
        )

    [2] => Array
        (
            [CountyName] => Okanogan
            [dma_name] => Spokane, WA
            [flips] => 8
            [purchase_price] => 144900
            [resale_price] => 165500
            [gross_margin] => 20600
            [gross_margin_perc] => 14.2167
            [flipcount_rank] => 27
            [flipmargin_rank] => 27
        )

    [3] => Array
        (
            [CountyName] => Kittitas
            [dma_name] => Yakima-Pasco-Richland-Kennewick, WA
            [flips] => 22
            [purchase_price] => 219748
            [resale_price] => 255976
            [gross_margin] => 36228
            [gross_margin_perc] => 16.4862
            [flipcount_rank] => 20
            [flipmargin_rank] => 26
        )

    [4] => Array
        (
            [CountyName] => Stevens
            [dma_name] => Spokane, WA
            [flips] => 16
            [purchase_price] => 108250
            [resale_price] => 127500
            [gross_margin] => 19250
            [gross_margin_perc] => 17.7829
            [flipcount_rank] => 23
            [flipmargin_rank] => 25
        )

    [5] => Array
        (
            [CountyName] => Island
            [dma_name] => Seattle-Tacoma, WA
            [flips] => 50
            [purchase_price] => 250872
            [resale_price] => 331907
            [gross_margin] => 81034
            [gross_margin_perc] => 32.3009
            [flipcount_rank] => 16
            [flipmargin_rank] => 24
        )

    [6] => Array
        (
            [CountyName] => Douglas
            [dma_name] => Seattle-Tacoma, WA
            [flips] => 15
            [purchase_price] => 221046
            [resale_price] => 298000
            [gross_margin] => 76954
            [gross_margin_perc] => 34.8136
            [flipcount_rank] => 24
            [flipmargin_rank] => 23
        )

    [7] => Array
        (
            [CountyName] => Whatcom
            [dma_name] => Seattle-Tacoma, WA
            [flips] => 89
            [purchase_price] => 267169
            [resale_price] => 361350
            [gross_margin] => 94181
            [gross_margin_perc] => 35.2515
            [flipcount_rank] => 11
            [flipmargin_rank] => 22
        )

    [8] => Array
        (
            [CountyName] => Snohomish
            [dma_name] => Seattle-Tacoma, WA
            [flips] => 432
            [purchase_price] => 323884
            [resale_price] => 446161
            [gross_margin] => 122277
            [gross_margin_perc] => 37.7533
            [flipcount_rank] => 4
            [flipmargin_rank] => 21
        )

    [9] => Array
        (
            [CountyName] => King
            [dma_name] => Seattle-Tacoma, WA
            [flips] => 1011
            [purchase_price] => 380570
            [resale_price] => 531151
            [gross_margin] => 150582
            [gross_margin_perc] => 39.5675
            [flipcount_rank] => 1
            [flipmargin_rank] => 20
        )

    [10] => Array
        (
            [CountyName] => Asotin
            [dma_name] => Spokane, WA
            [flips] => 18
            [purchase_price] => 114779
            [resale_price] => 160428
            [gross_margin] => 45649
            [gross_margin_perc] => 39.7712
            [flipcount_rank] => 21
            [flipmargin_rank] => 19
        )

    [11] => Array
        (
            [CountyName] => Pacific
            [dma_name] => Seattle-Tacoma, WA
            [flips] => 18
            [purchase_price] => 86267
            [resale_price] => 121369
            [gross_margin] => 35102
            [gross_margin_perc] => 40.6900
            [flipcount_rank] => 21
            [flipmargin_rank] => 18
        )

    [12] => Array
        (
            [CountyName] => Skagit
            [dma_name] => Seattle-Tacoma, WA
            [flips] => 79
            [purchase_price] => 225133
            [resale_price] => 321533
            [gross_margin] => 96400
            [gross_margin_perc] => 42.8191
            [flipcount_rank] => 13
            [flipmargin_rank] => 17
        )

    [13] => Array
        (
            [CountyName] => Clallam
            [dma_name] => Seattle-Tacoma, WA
            [flips] => 12
            [purchase_price] => 202284
            [resale_price] => 295000
            [gross_margin] => 92716
            [gross_margin_perc] => 45.8346
            [flipcount_rank] => 25
            [flipmargin_rank] => 16
        )

    [14] => Array
        (
            [CountyName] => Thurston
            [dma_name] => Seattle-Tacoma, WA
            [flips] => 212
            [purchase_price] => 211598
            [resale_price] => 313943
            [gross_margin] => 102346
            [gross_margin_perc] => 48.3681
            [flipcount_rank] => 6
            [flipmargin_rank] => 15
        )

    [15] => Array
        (
            [CountyName] => Pierce
            [dma_name] => Seattle-Tacoma, WA
            [flips] => 913
            [purchase_price] => 217268
            [resale_price] => 335003
            [gross_margin] => 117734
            [gross_margin_perc] => 54.1884
            [flipcount_rank] => 2
            [flipmargin_rank] => 14
        )

    [16] => Array
        (
            [CountyName] => Mason
            [dma_name] => Seattle-Tacoma, WA
            [flips] => 46
            [purchase_price] => 163826
            [resale_price] => 254610
            [gross_margin] => 90784
            [gross_margin_perc] => 55.4149
            [flipcount_rank] => 17
            [flipmargin_rank] => 13
        )

    [17] => Array
        (
            [CountyName] => Benton
            [dma_name] => Yakima-Pasco-Richland-Kennewick, WA
            [flips] => 135
            [purchase_price] => 141074
            [resale_price] => 220799
            [gross_margin] => 79725
            [gross_margin_perc] => 56.5129
            [flipcount_rank] => 8
            [flipmargin_rank] => 12
        )

    [18] => Array
        (
            [CountyName] => Clark
            [dma_name] => Portland, OR
            [flips] => 391
            [purchase_price] => 225668
            [resale_price] => 360734
            [gross_margin] => 135066
            [gross_margin_perc] => 59.8516
            [flipcount_rank] => 5
            [flipmargin_rank] => 11
        )

    [19] => Array
        (
            [CountyName] => Spokane
            [dma_name] => Spokane, WA
            [flips] => 517
            [purchase_price] => 140126
            [resale_price] => 224615
            [gross_margin] => 84490
            [gross_margin_perc] => 60.2957
            [flipcount_rank] => 3
            [flipmargin_rank] => 10
        )

    [20] => Array
        (
            [CountyName] => Kitsap
            [dma_name] => Seattle-Tacoma, WA
            [flips] => 193
            [purchase_price] => 210166
            [resale_price] => 340808
            [gross_margin] => 130642
            [gross_margin_perc] => 62.1613
            [flipcount_rank] => 7
            [flipmargin_rank] => 9
        )

    [21] => Array
        (
            [CountyName] => Yakima
            [dma_name] => Yakima-Pasco-Richland-Kennewick, WA
            [flips] => 119
            [purchase_price] => 130463
            [resale_price] => 215064
            [gross_margin] => 84601
            [gross_margin_perc] => 64.8467
            [flipcount_rank] => 9
            [flipmargin_rank] => 8
        )

    [22] => Array
        (
            [CountyName] => Franklin
            [dma_name] => Yakima-Pasco-Richland-Kennewick, WA
            [flips] => 31
            [purchase_price] => 132635
            [resale_price] => 221979
            [gross_margin] => 89344
            [gross_margin_perc] => 67.3608
            [flipcount_rank] => 19
            [flipmargin_rank] => 7
        )

    [23] => Array
        (
            [CountyName] => Cowlitz
            [dma_name] => Portland, OR
            [flips] => 118
            [purchase_price] => 123449
            [resale_price] => 235550
            [gross_margin] => 112101
            [gross_margin_perc] => 90.8075
            [flipcount_rank] => 10
            [flipmargin_rank] => 6
        )

    [24] => Array
        (
            [CountyName] => Walla Walla
            [dma_name] => Yakima-Pasco-Richland-Kennewick, WA
            [flips] => 6
            [purchase_price] => 163960
            [resale_price] => 339990
            [gross_margin] => 176030
            [gross_margin_perc] => 107.3616
            [flipcount_rank] => 28
            [flipmargin_rank] => 5
        )

    [25] => Array
        (
            [CountyName] => Chelan
            [dma_name] => Seattle-Tacoma, WA
            [flips] => 64
            [purchase_price] => 153443
            [resale_price] => 319989
            [gross_margin] => 166546
            [gross_margin_perc] => 108.5393
            [flipcount_rank] => 14
            [flipmargin_rank] => 4
        )

    [26] => Array
        (
            [CountyName] => Lewis
            [dma_name] => Seattle-Tacoma, WA
            [flips] => 59
            [purchase_price] => 91000
            [resale_price] => 201000
            [gross_margin] => 110000
            [gross_margin_perc] => 120.8791
            [flipcount_rank] => 15
            [flipmargin_rank] => 3
        )

    [27] => Array
        (
            [CountyName] => Grays Harbor
            [dma_name] => Seattle-Tacoma, WA
            [flips] => 89
            [purchase_price] => 80000
            [resale_price] => 185000
            [gross_margin] => 105000
            [gross_margin_perc] => 131.2500
            [flipcount_rank] => 11
            [flipmargin_rank] => 2
        )

    [28] => Array
        (
            [CountyName] => Grant
            [dma_name] => Spokane, WA
            [flips] => 46
            [purchase_price] => 65100
            [resale_price] => 198500
            [gross_margin] => 133400
            [gross_margin_perc] => 204.9155
            [flipcount_rank] => 17
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in WA
CountyMarket AreaProfit Margin
GrantSpokane, WA205%
Grays HarborSeattle-Tacoma, WA131%
LewisSeattle-Tacoma, WA121%
ChelanSeattle-Tacoma, WA109%
Walla WallaYakima-Pasco-Richland-Kennewick, WA107%
CowlitzPortland, OR91%
Bottom 5 Counties in WA
CountyMarket AreaProfit Margin
AdamsSpokane, WA-2%
JeffersonSeattle-Tacoma, WA3%
OkanoganSpokane, WA14%
KittitasYakima-Pasco-Richland-Kennewick, WA16%
StevensSpokane, WA18%
IslandSeattle-Tacoma, WA32%

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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