West Virginia

West Virginia House Flipping Profitability

out of 51

State Rank in Flip Profit

Array
(
    [0] => Array
        (
            [CountyName] => Putnam
            [dma_name] => Charleston-Huntington, WV
            [flips] => 9
            [purchase_price] => 120501
            [resale_price] => 156000
            [gross_margin] => 35499
            [gross_margin_perc] => 29.4595
            [flipcount_rank] => 11
            [flipmargin_rank] => 11
        )

    [1] => Array
        (
            [CountyName] => Wayne
            [dma_name] => Charleston-Huntington, WV
            [flips] => 10
            [purchase_price] => 50900
            [resale_price] => 93000
            [gross_margin] => 42100
            [gross_margin_perc] => 82.7112
            [flipcount_rank] => 9
            [flipmargin_rank] => 10
        )

    [2] => Array
        (
            [CountyName] => Marshall
            [dma_name] => Wheeling, WV-Steubenville, OH
            [flips] => 10
            [purchase_price] => 66600
            [resale_price] => 102300
            [gross_margin] => 35700
            [gross_margin_perc] => 53.6036
            [flipcount_rank] => 9
            [flipmargin_rank] => 9
        )

    [3] => Array
        (
            [CountyName] => Cabell
            [dma_name] => Charleston-Huntington, WV
            [flips] => 11
            [purchase_price] => 39250
            [resale_price] => 88000
            [gross_margin] => 48750
            [gross_margin_perc] => 124.2038
            [flipcount_rank] => 8
            [flipmargin_rank] => 8
        )

    [4] => Array
        (
            [CountyName] => Marion
            [dma_name] => Clarksburg-Weston, WV
            [flips] => 24
            [purchase_price] => 135300
            [resale_price] => 123000
            [gross_margin] => -12300
            [gross_margin_perc] => -9.0909
            [flipcount_rank] => 7
            [flipmargin_rank] => 7
        )

    [5] => Array
        (
            [CountyName] => Harrison
            [dma_name] => Clarksburg-Weston, WV
            [flips] => 25
            [purchase_price] => 60000
            [resale_price] => 143000
            [gross_margin] => 83000
            [gross_margin_perc] => 138.3333
            [flipcount_rank] => 6
            [flipmargin_rank] => 6
        )

    [6] => Array
        (
            [CountyName] => Kanawha
            [dma_name] => Charleston-Huntington, WV
            [flips] => 26
            [purchase_price] => 55320
            [resale_price] => 112700
            [gross_margin] => 57380
            [gross_margin_perc] => 103.7238
            [flipcount_rank] => 5
            [flipmargin_rank] => 5
        )

    [7] => Array
        (
            [CountyName] => Monongalia
            [dma_name] => Pittsburgh, PA
            [flips] => 36
            [purchase_price] => 184046
            [resale_price] => 246111
            [gross_margin] => 62065
            [gross_margin_perc] => 33.7225
            [flipcount_rank] => 4
            [flipmargin_rank] => 4
        )

    [8] => Array
        (
            [CountyName] => Berkeley
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 52
            [purchase_price] => 109250
            [resale_price] => 178000
            [gross_margin] => 68750
            [gross_margin_perc] => 62.9291
            [flipcount_rank] => 3
            [flipmargin_rank] => 3
        )

    [9] => Array
        (
            [CountyName] => Wood
            [dma_name] => Parkersburg, WV
            [flips] => 53
            [purchase_price] => 59472
            [resale_price] => 97557
            [gross_margin] => 38085
            [gross_margin_perc] => 64.0385
            [flipcount_rank] => 2
            [flipmargin_rank] => 2
        )

    [10] => Array
        (
            [CountyName] => Jefferson
            [dma_name] => Washington, DC (Hagerstown, MD)
            [flips] => 59
            [purchase_price] => 148441
            [resale_price] => 233254
            [gross_margin] => 84814
            [gross_margin_perc] => 57.1365
            [flipcount_rank] => 1
            [flipmargin_rank] => 1
        )

)
Top 5 Counties in WV
CountyMarket AreaProfit Margin
JeffersonWashington, DC (Hagerstown, MD)57%
WoodParkersburg, WV64%
BerkeleyWashington, DC (Hagerstown, MD)63%
MonongaliaPittsburgh, PA34%
KanawhaCharleston-Huntington, WV104%
HarrisonClarksburg-Weston, WV138%
Bottom 5 Counties in WV
CountyMarket AreaProfit Margin
PutnamCharleston-Huntington, WV29%
WayneCharleston-Huntington, WV83%
MarshallWheeling, WV-Steubenville, OH54%
CabellCharleston-Huntington, WV124%
MarionClarksburg-Weston, WV-9%
HarrisonClarksburg-Weston, WV138%

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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