House Flipping Report
Neighborhood Data
Scranton, PA 18508
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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 Scranton, PA . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Lackawanna County , we've been able to rank it against its peer counties within Pennsylvania. To provide an even fuller picture, we also ranked Pennsylvania against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Pennsylvania
#10th in US
#16th in US
Lackawanna County
#19th in PA
#24th in PA
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
$ 76,500
even YoY Change
Latest Monthly Sales Count
List Price /sqft
$61
0.2% from last quarter
Average Home Sqft
$1,365
0.04% from last year
In order to successfully flip houses, you need the population of the area to be trending northward, which appears to be the case with Lackawanna County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Pennsylvania
12,807,060
0.13%
#5th in US
Lackawanna County
210,793
0.07%
#17th in PA
18508
12,292
#45th in PA
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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