House Flipping Report
Neighborhood Data
Gloucester, VA 23061
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 Gloucester, VA . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Gloucester 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
Gloucester County
#85th in VA
#31st 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
$ 289,786
0.07% YoY Change
Latest Monthly Sales Count
List Price /sqft
$151
0.04% from last quarter
Reduced Listings /Month
28
-0.36% from last quarter
Average Home Sqft
$2,128
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 Gloucester 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
Gloucester County
37,349
0.11%
#46th in VA
23061
21,208
#41st 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] => 39490
[country] => USA
[zip] => 23061
[city] => Gloucester
[state] => Virginia
[state_abbr] => VA
[county] => Gloucester
[dma] => 544
[latitude] => 37.4409
[longitude] => -76.5573
[timezone] => -5
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 23061
[zip_name] => gloucester, va
[flag] =>
[median_listing_price] => 314050
[median_listing_price_mm] => 0.0312
[median_listing_price_yy] => 0.0831
[active_listing_count] => 195
[active_listing_count_mm] => -0.1295
[active_listing_count_yy] => -0.1372
[median_days_on_market] => 98.5
[median_days_on_market_mm] => 0.1453
[median_days_on_market_yy] => 0.1193
[new_listing_count] => 16
[new_listing_count_mm] => -0.6
[new_listing_count_yy] => -0.3333
[price_increased_count] => 0
[price_increased_count_mm] => -1
[price_increased_count_yy] =>
[price_reduced_count] => 28
[price_reduced_count_mm] => -0.3636
[price_reduced_count_yy] => 0.75
[pending_listing_count] => 9
[pending_listing_count_mm] => 0.2857
[pending_listing_count_yy] => 0.5
[median_listing_price_per_square_feet] => 151
[median_listing_price_per_square_feet_mm] => 0.0405
[median_listing_price_per_square_feet_yy] => 0.0801
[median_square_feet] => 2128
[median_square_feet_mm] => 0.0231
[median_square_feet_yy] => 0.036
[average_listing_price] => 502987
[average_listing_price_mm] => 0.1124
[average_listing_price_yy] => 0.2289
[total_listing_count] => 204
[total_listing_count_mm] => -0.1169
[total_listing_count_yy] => 0.0462
[pending_ratio_mm] => 0.0149
[pending_ratio_yy] => 0.0196
[RegionID] => 67506
[RegionName] => 23061
[State] => VA
[Metro] => Virginia Beach-Norfolk-Newport News
[County] => Gloucester County
[City] => Gloucester
[SizeRank] => 531
[Zhvi] => 238300
[MoM] => 0.00590967
[QoQ] => 0.0201199
[YoY] => 0.0695691
[5Year] => 0.0295593
[10Year] => 0.00926783
[PeakMonth] => 2007-05
[PeakQuarter] => 2007-Q2
[PeakZHVI] => 241800
[PctFallFromPeak] => -0.0144748
[LastTimeAtCurrZHVI] => 2007-01
[flips] => 6835
[purchase_price] => 167706
[resale_price] => 274176
[gross_margin] => 106470
[flipcount_rank] => 16
[flipmargin_rank] => 12
[counties] => 135
[zip_population] => 21208
[zip_rank] => 141
[state_population] => 8517685
[state_rank] => 12
[state_difference] => 0.619925
[list_prices] => ",,,,,,,,,,,,,,,,,,,,,,,,,,,219900,229900,229000,224900,214900,219450,219900,245000,241400,242900,250000,249500,249900,258500,258950,262715,252500,249900,249900,242900,239900,239900,243000,249000,259900,266000,257000,259950,259950,254198.5,249950,254900,256900,249950,254747.5,254595,253956.5,249950,254304,249900,255000,255000,249900,249900,249990,250721,249990,255000,255000,259900,260000,259900,259900,265000,259950,259900,259900,269900,260000,257900,260000,266585,278000,276000,268000,264900,269033,264950,264900,274000,265000,265000,269900,274900,275450,269950,268000,269450,268000,270000,284500,279900,287000,287500,289450,289000,295000,289000,289945,293400,287500,280500,289786"
[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] => 219900
[28] => 229900
[29] => 229000
[30] => 224900
[31] => 214900
[32] => 219450
[33] => 219900
[34] => 245000
[35] => 241400
[36] => 242900
[37] => 250000
[38] => 249500
[39] => 249900
[40] => 258500
[41] => 258950
[42] => 262715
[43] => 252500
[44] => 249900
[45] => 249900
[46] => 242900
[47] => 239900
[48] => 239900
[49] => 243000
[50] => 249000
[51] => 259900
[52] => 266000
[53] => 257000
[54] => 259950
[55] => 259950
[56] => 254198.5
[57] => 249950
[58] => 254900
[59] => 256900
[60] => 249950
[61] => 254747.5
[62] => 254595
[63] => 253956.5
[64] => 249950
[65] => 254304
[66] => 249900
[67] => 255000
[68] => 255000
[69] => 249900
[70] => 249900
[71] => 249990
[72] => 250721
[73] => 249990
[74] => 255000
[75] => 255000
[76] => 259900
[77] => 260000
[78] => 259900
[79] => 259900
[80] => 265000
[81] => 259950
[82] => 259900
[83] => 259900
[84] => 269900
[85] => 260000
[86] => 257900
[87] => 260000
[88] => 266585
[89] => 278000
[90] => 276000
[91] => 268000
[92] => 264900
[93] => 269033
[94] => 264950
[95] => 264900
[96] => 274000
[97] => 265000
[98] => 265000
[99] => 269900
[100] => 274900
[101] => 275450
[102] => 269950
[103] => 268000
[104] => 269450
[105] => 268000
[106] => 270000
[107] => 284500
[108] => 279900
[109] => 287000
[110] => 287500
[111] => 289450
[112] => 289000
[113] => 295000
[114] => 289000
[115] => 289945
[116] => 293400
[117] => 287500
[118] => 280500
[119] => 289786
)
)
Array
(
[county_name] => Gloucester
[state] => Virginia
[state_fips] => 51
[county_fips] => 51073
[dma] => 544
[metro_name] => Virginia Beach, VA
[cbsa_name] => Virginia Beach-Norfolk-Newport News, VA-NC
[county_region_id_zillow] => 2930
[metro_region_id_zillow] => 395194
[fips] => 51073
[cbsa_code] => 47260
[population_prior] => 37309
[population] => 37349
[rank] => 46
[difference] => 0.107212737
[region_id] => 2930
[sale_counts] => "24,22,23,22,21,19,20,19,16,16,15,21,22,25,21,23,24,26,25,26,32,32,24,18,17,23,24,25,27,25,21,17,19,24,32,30,27,19,20,17,14,12,15,22,20,19,23,30,32,26,23,21,21,19,20,17,15,14,21,25,29,24,25,24,26,26,25,24,25,26,27,29,27,29,24,23,22,24,27,26,26,26,30,36,36,35,31,33,29,30,33,37,35,31,38,44,48,42,40,44,45,44,42,44,46,50,50,49,48,45,46,48,48,49,42,47,45,49,44,42,42,40,45,45,49,46,49,46,48,45,54,51,55,46,43,43,49,57,55,49,48,"
[county] => Gloucester
[flips] => 6
[purchase_price] => 231500
[resale_price] => 183000
[gross_margin] => -48500
[flipcount_rank] => 85
[flipmargin_rank] => 131
[sale_counts_exploded] => Array
(
[0] => 24
[1] => 22
[2] => 23
[3] => 22
[4] => 21
[5] => 19
[6] => 20
[7] => 19
[8] => 16
[9] => 16
[10] => 15
[11] => 21
[12] => 22
[13] => 25
[14] => 21
[15] => 23
[16] => 24
[17] => 26
[18] => 25
[19] => 26
[20] => 32
[21] => 32
[22] => 24
[23] => 18
[24] => 17
[25] => 23
[26] => 24
[27] => 25
[28] => 27
[29] => 25
[30] => 21
[31] => 17
[32] => 19
[33] => 24
[34] => 32
[35] => 30
[36] => 27
[37] => 19
[38] => 20
[39] => 17
[40] => 14
[41] => 12
[42] => 15
[43] => 22
[44] => 20
[45] => 19
[46] => 23
[47] => 30
[48] => 32
[49] => 26
[50] => 23
[51] => 21
[52] => 21
[53] => 19
[54] => 20
[55] => 17
[56] => 15
[57] => 14
[58] => 21
[59] => 25
[60] => 29
[61] => 24
[62] => 25
[63] => 24
[64] => 26
[65] => 26
[66] => 25
[67] => 24
[68] => 25
[69] => 26
[70] => 27
[71] => 29
[72] => 27
[73] => 29
[74] => 24
[75] => 23
[76] => 22
[77] => 24
[78] => 27
[79] => 26
[80] => 26
[81] => 26
[82] => 30
[83] => 36
[84] => 36
[85] => 35
[86] => 31
[87] => 33
[88] => 29
[89] => 30
[90] => 33
[91] => 37
[92] => 35
[93] => 31
[94] => 38
[95] => 44
[96] => 48
[97] => 42
[98] => 40
[99] => 44
[100] => 45
[101] => 44
[102] => 42
[103] => 44
[104] => 46
[105] => 50
[106] => 50
[107] => 49
[108] => 48
[109] => 45
[110] => 46
[111] => 48
[112] => 48
[113] => 49
[114] => 42
[115] => 47
[116] => 45
[117] => 49
[118] => 44
[119] => 42
[120] => 42
[121] => 40
[122] => 45
[123] => 45
[124] => 49
[125] => 46
[126] => 49
[127] => 46
[128] => 48
[129] => 45
[130] => 54
[131] => 51
[132] => 55
[133] => 46
[134] => 43
[135] => 43
[136] => 49
[137] => 57
[138] => 55
[139] => 49
[140] => 48
[141] =>
)
)