House Flipping Report
Neighborhood Data
Richmond, VT 05477
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 Richmond, VT . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Chittenden County , we've been able to rank it against its peer counties within Vermont. To provide an even fuller picture, we also ranked Vermont against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Vermont
#48th in US
#44th in US
Chittenden County
#1st in VT
#6th in VT
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 Monthly Sales Count
In order to successfully flip houses, you need the population of the area to be trending northward, which appears to be the case with Chittenden County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Vermont 626,299
0.28% #50th in US
Chittenden County
164,572
1.03% #1st in VT
05477
4,397
#39th in VT
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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