House Flipping Report
Neighborhood Data
Portsmouth, RI 02871
Print
Successfully flipping a house depends on a number of different factors including population growth, increasing housing prices and cheap houses for sale. We are analyzing thousands of data points for Portsmouth, RI . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Newport County , we've been able to rank it against its peer counties within Rhode Island. To provide an even fuller picture, we also ranked Rhode Island against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Rhode Island
#39th in US
#15th in US
Newport County
#4th in RI
#4th in RI
Number of Flips: We identify house flips as houses that are bought and sold within 12 months excluding forclosures, REOs and multi-parcel sales.
Flip Profit: The profit is the gross margin calculated by subtracting the original purchase price from the new resale price.
Latest Median Sale Price
$ 499,000
-0.03% YoY Change
Latest Monthly Sales Count
119
In order to successfully flip houses, you need the population of the area to be trending northward, which does not appear to be the case with Newport County . This does not mean a flip wouldn't be successful, but it may be slightly harder to find a buyer.
Region
Population
Change YoY
Rank
Rhode Island
1,057,315
0.08%
#44th in US
Newport County
82,542
-0.57%
#4th in RI
02871
17,171
#26th in RI
FlipMarket is the industry standard for providing you the exact data needed to see if flipping a house will be successful. To find properties for sale that may fit your budget and be house flipping candidates, check this list of popular searches.
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