House Flipping Report
Neighborhood Data
Lancaster, VA 22503
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 Lancaster, VA . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Lancaster County , we've been able to rank it against its peer counties within Virginia. To provide an even fuller picture, we also ranked Virginia against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Virginia
#16th in US
#12th in US
Lancaster County
#72nd in VA
#30th in VA
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
$ 337,000
0% YoY Change
Latest Monthly Sales Count
List Price /sqft
$169
even from last quarter
Reduced Listings /Month
8
-0.33% from last quarter
Avg. Days on Market
167
-0.14% from last year
Average Home Sqft
$2,067
-0.1% 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 Lancaster County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Virginia
8,517,685
0.62%
#12th in US
Lancaster County
10,783
0.04%
#14th in VA
22503
4,334
#71st in VA
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.
Array
(
[zip_id] => 39617
[country] => USA
[zip] => 22503
[city] => Lancaster
[state] => Virginia
[state_abbr] => VA
[county] => Lancaster
[dma] => 556
[latitude] => 37.7339
[longitude] => -76.5302
[timezone] => -5
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 22503
[zip_name] => lancaster, va
[flag] => *
[median_listing_price] => 360650
[median_listing_price_mm] => -0.0962
[median_listing_price_yy] =>
[active_listing_count] => 122
[active_listing_count_mm] => 0
[active_listing_count_yy] =>
[median_days_on_market] => 166.5
[median_days_on_market_mm] => 0.1327
[median_days_on_market_yy] => -0.1418
[new_listing_count] => 8
[new_listing_count_mm] => -0.5
[new_listing_count_yy] => 0
[price_increased_count] => 0
[price_increased_count_mm] =>
[price_increased_count_yy] =>
[price_reduced_count] => 8
[price_reduced_count_mm] => -0.3333
[price_reduced_count_yy] => 0
[pending_listing_count] => 15
[pending_listing_count_mm] => -0.0625
[pending_listing_count_yy] => 2.75
[median_listing_price_per_square_feet] => 169
[median_listing_price_per_square_feet_mm] => 0
[median_listing_price_per_square_feet_yy] => -0.0307
[median_square_feet] => 2067
[median_square_feet_mm] => -0.0188
[median_square_feet_yy] => -0.1015
[average_listing_price] => 471079
[average_listing_price_mm] => -0.0363
[average_listing_price_yy] => -0.04
[total_listing_count] => 137
[total_listing_count_mm] => -0.0072
[total_listing_count_yy] => 0.123
[pending_ratio_mm] => -0.0082
[pending_ratio_yy] => 0.0924
[RegionID] => 67279
[RegionName] => 22503
[State] => VA
[Metro] =>
[County] => Lancaster County
[City] => Lancaster
[SizeRank] => 113
[Zhvi] => 189600
[MoM] => -0.00263019
[QoQ] => 0.0031746
[YoY] => 0.00423729
[5Year] => 0.0200316
[10Year] => -0.00422503
[PeakMonth] => 2006-07
[PeakQuarter] => 2006-Q3
[PeakZHVI] => 232400
[PctFallFromPeak] => -0.184165
[LastTimeAtCurrZHVI] => 2005-09
[flips] => 6835
[purchase_price] => 167706
[resale_price] => 274176
[gross_margin] => 106470
[flipcount_rank] => 16
[flipmargin_rank] => 12
[counties] => 135
[zip_population] => 4334
[zip_rank] => 371
[state_population] => 8517685
[state_rank] => 12
[state_difference] => 0.619925
[list_prices] => ",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,362499.5,349499.5,349999,379000,355500,349500,359000,364900,353250,349000,339000,337000"
[list_prices_exploded] => Array
(
[0] =>
[1] =>
[2] =>
[3] =>
[4] =>
[5] =>
[6] =>
[7] =>
[8] =>
[9] =>
[10] =>
[11] =>
[12] =>
[13] =>
[14] =>
[15] =>
[16] =>
[17] =>
[18] =>
[19] =>
[20] =>
[21] =>
[22] =>
[23] =>
[24] =>
[25] =>
[26] =>
[27] =>
[28] =>
[29] =>
[30] =>
[31] =>
[32] =>
[33] =>
[34] =>
[35] =>
[36] =>
[37] =>
[38] =>
[39] =>
[40] =>
[41] =>
[42] =>
[43] =>
[44] =>
[45] =>
[46] =>
[47] =>
[48] =>
[49] =>
[50] =>
[51] =>
[52] =>
[53] =>
[54] =>
[55] =>
[56] =>
[57] =>
[58] =>
[59] =>
[60] =>
[61] =>
[62] =>
[63] =>
[64] =>
[65] =>
[66] =>
[67] =>
[68] =>
[69] =>
[70] =>
[71] =>
[72] =>
[73] =>
[74] =>
[75] =>
[76] =>
[77] =>
[78] =>
[79] =>
[80] =>
[81] =>
[82] =>
[83] =>
[84] =>
[85] =>
[86] =>
[87] =>
[88] =>
[89] =>
[90] =>
[91] =>
[92] =>
[93] =>
[94] =>
[95] =>
[96] =>
[97] =>
[98] =>
[99] =>
[100] =>
[101] =>
[102] =>
[103] =>
[104] =>
[105] =>
[106] =>
[107] =>
[108] => 362499.5
[109] => 349499.5
[110] => 349999
[111] => 379000
[112] => 355500
[113] => 349500
[114] => 359000
[115] => 364900
[116] => 353250
[117] => 349000
[118] => 339000
[119] => 337000
)
)
Array
(
[county_name] => Lancaster
[state] => Virginia
[state_fips] => 51
[county_fips] => 51103
[dma] => 556
[metro_name] =>
[cbsa_name] =>
[county_region_id_zillow] => 2778
[metro_region_id_zillow] =>
[fips] => 51103
[cbsa_code] =>
[population_prior] => 10779
[population] => 10783
[rank] => 114
[difference] => 0.037109194
[region_id] => 2778
[sale_counts] => "16,13,8,7,6,6,7,7,6,6,6,6,6,6,5,8,7,8,7,8,8,7,8,10,9,8,7,9,11,10,9,7,8,8,9,10,11,11,11,12,13,12,10,8,8,7,12,21,24,20,11,12,12,11,9,9,12,14,17,20,18,19,15,17,16,15,15,16,17,14,11,13,15,17,15,15,15,14,15,16,18,19,23,23,22,20,16,15,15,16,18,16,16,17,18,25,26,25,17,16,18,20,23,23,21,17,17,24,26,26,19,21,21,23,22,24,22,22,23,37,33,32,22,27,26,23,20,19,20,19,23,33,32,27,16,18,20,24,25,24,23,"
[county] => Lancaster
[flips] => 10
[purchase_price] => 145000
[resale_price] => 110000
[gross_margin] => -35000
[flipcount_rank] => 72
[flipmargin_rank] => 130
[sale_counts_exploded] => Array
(
[0] => 16
[1] => 13
[2] => 8
[3] => 7
[4] => 6
[5] => 6
[6] => 7
[7] => 7
[8] => 6
[9] => 6
[10] => 6
[11] => 6
[12] => 6
[13] => 6
[14] => 5
[15] => 8
[16] => 7
[17] => 8
[18] => 7
[19] => 8
[20] => 8
[21] => 7
[22] => 8
[23] => 10
[24] => 9
[25] => 8
[26] => 7
[27] => 9
[28] => 11
[29] => 10
[30] => 9
[31] => 7
[32] => 8
[33] => 8
[34] => 9
[35] => 10
[36] => 11
[37] => 11
[38] => 11
[39] => 12
[40] => 13
[41] => 12
[42] => 10
[43] => 8
[44] => 8
[45] => 7
[46] => 12
[47] => 21
[48] => 24
[49] => 20
[50] => 11
[51] => 12
[52] => 12
[53] => 11
[54] => 9
[55] => 9
[56] => 12
[57] => 14
[58] => 17
[59] => 20
[60] => 18
[61] => 19
[62] => 15
[63] => 17
[64] => 16
[65] => 15
[66] => 15
[67] => 16
[68] => 17
[69] => 14
[70] => 11
[71] => 13
[72] => 15
[73] => 17
[74] => 15
[75] => 15
[76] => 15
[77] => 14
[78] => 15
[79] => 16
[80] => 18
[81] => 19
[82] => 23
[83] => 23
[84] => 22
[85] => 20
[86] => 16
[87] => 15
[88] => 15
[89] => 16
[90] => 18
[91] => 16
[92] => 16
[93] => 17
[94] => 18
[95] => 25
[96] => 26
[97] => 25
[98] => 17
[99] => 16
[100] => 18
[101] => 20
[102] => 23
[103] => 23
[104] => 21
[105] => 17
[106] => 17
[107] => 24
[108] => 26
[109] => 26
[110] => 19
[111] => 21
[112] => 21
[113] => 23
[114] => 22
[115] => 24
[116] => 22
[117] => 22
[118] => 23
[119] => 37
[120] => 33
[121] => 32
[122] => 22
[123] => 27
[124] => 26
[125] => 23
[126] => 20
[127] => 19
[128] => 20
[129] => 19
[130] => 23
[131] => 33
[132] => 32
[133] => 27
[134] => 16
[135] => 18
[136] => 20
[137] => 24
[138] => 25
[139] => 24
[140] => 23
[141] =>
)
)