House Flipping Report
Neighborhood Data
Midlothian, VA 23113
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 Midlothian, VA . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Chesterfield 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
Chesterfield County
#2nd in VA
#14th 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
$ 454,450
0.02% YoY Change
Latest Monthly Sales Count
823
List Price /sqft
$150
0.02% from last quarter
Reduced Listings /Month
24
0.5% from last quarter
Average Home Sqft
$3,559
0.07% 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 Chesterfield 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
Chesterfield County
348,556
1.57%
#5th in VA
23113
23,848
#29th 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] => 39283
[country] => USA
[zip] => 23113
[city] => Midlothian
[state] => Virginia
[state_abbr] => VA
[county] => Chesterfield
[dma] => 556
[latitude] => 37.546
[longitude] => -77.6711
[timezone] => -5
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 23113
[zip_name] => midlothian, va
[flag] =>
[median_listing_price] => 527050
[median_listing_price_mm] => -0.0038
[median_listing_price_yy] => 0.054
[active_listing_count] => 98
[active_listing_count_mm] => -0.2033
[active_listing_count_yy] => -0.1478
[median_days_on_market] => 73.5
[median_days_on_market_mm] => 0.1855
[median_days_on_market_yy] => 0.0352
[new_listing_count] => 16
[new_listing_count_mm] => -0.5
[new_listing_count_yy] => -0.4286
[price_increased_count] => 0
[price_increased_count_mm] => -1
[price_increased_count_yy] =>
[price_reduced_count] => 24
[price_reduced_count_mm] => 0.5
[price_reduced_count_yy] => 0.5
[pending_listing_count] => 77
[pending_listing_count_mm] => -0.163
[pending_listing_count_yy] => 0.4
[median_listing_price_per_square_feet] => 150
[median_listing_price_per_square_feet_mm] => 0.0225
[median_listing_price_per_square_feet_yy] => 0.0076
[median_square_feet] => 3559
[median_square_feet_mm] => 0.0021
[median_square_feet_yy] => 0.0673
[average_listing_price] => 587830
[average_listing_price_mm] => 0.0016
[average_listing_price_yy] => -0.0025
[total_listing_count] => 175
[total_listing_count_mm] => -0.186
[total_listing_count_yy] => 0.7857
[pending_ratio_mm] => 0.0377
[pending_ratio_yy] => 0.3075
[RegionID] => 67542
[RegionName] => 23113
[State] => VA
[Metro] => Richmond
[County] => Chesterfield County
[City] => Midlothian
[SizeRank] => 420
[Zhvi] => 446000
[MoM] => 0.0013471
[QoQ] => 0.00337458
[YoY] => 0.0194286
[5Year] => 0.0254682
[10Year] => 0.0142644
[PeakMonth] => 2019-09
[PeakQuarter] => 2019-Q3
[PeakZHVI] => 446000
[PctFallFromPeak] => 0
[LastTimeAtCurrZHVI] => 2019-09
[flips] => 6835
[purchase_price] => 167706
[resale_price] => 274176
[gross_margin] => 106470
[flipcount_rank] => 16
[flipmargin_rank] => 12
[counties] => 135
[zip_population] => 23848
[zip_rank] => 129
[state_population] => 8517685
[state_rank] => 12
[state_difference] => 0.619925
[list_prices] => "484950,475000,465000,459250,449900,449950,445000,449000,448000,449000,429000,423995,425000,429950,449900,450000,449500,449000,430000,434450,430000,445000,429500,444975,450000,454375,449725,440000,450000,470000,489000,472400,454950,450000,460000,450000,474900,449950,497450,495450,482000,522475,469900,450000,450000,454500,438000,449950,404000,376950,425000,443225,450000,485645,459950,461900,504781,489000,483554.5,497921.5,489000,499950,499950,499500,520750,525000,499950,498950,499500,499500,509900,488950,499950,449900,499970,499970,509000,525000,499970,495000,489925,499950,487655,474900,466950,459950,485000,498200,501950,505670,477450,512350,499950,523175,521483.5,522900,450000,519000,504990,502470,489990,485000,492490,469500,476970,450000,447950,439000,443220,435950,475000,479745,479250,469995,474940,462495,455975,444990,450000,454450"
[list_prices_exploded] => Array
(
[0] => 484950
[1] => 475000
[2] => 465000
[3] => 459250
[4] => 449900
[5] => 449950
[6] => 445000
[7] => 449000
[8] => 448000
[9] => 449000
[10] => 429000
[11] => 423995
[12] => 425000
[13] => 429950
[14] => 449900
[15] => 450000
[16] => 449500
[17] => 449000
[18] => 430000
[19] => 434450
[20] => 430000
[21] => 445000
[22] => 429500
[23] => 444975
[24] => 450000
[25] => 454375
[26] => 449725
[27] => 440000
[28] => 450000
[29] => 470000
[30] => 489000
[31] => 472400
[32] => 454950
[33] => 450000
[34] => 460000
[35] => 450000
[36] => 474900
[37] => 449950
[38] => 497450
[39] => 495450
[40] => 482000
[41] => 522475
[42] => 469900
[43] => 450000
[44] => 450000
[45] => 454500
[46] => 438000
[47] => 449950
[48] => 404000
[49] => 376950
[50] => 425000
[51] => 443225
[52] => 450000
[53] => 485645
[54] => 459950
[55] => 461900
[56] => 504781
[57] => 489000
[58] => 483554.5
[59] => 497921.5
[60] => 489000
[61] => 499950
[62] => 499950
[63] => 499500
[64] => 520750
[65] => 525000
[66] => 499950
[67] => 498950
[68] => 499500
[69] => 499500
[70] => 509900
[71] => 488950
[72] => 499950
[73] => 449900
[74] => 499970
[75] => 499970
[76] => 509000
[77] => 525000
[78] => 499970
[79] => 495000
[80] => 489925
[81] => 499950
[82] => 487655
[83] => 474900
[84] => 466950
[85] => 459950
[86] => 485000
[87] => 498200
[88] => 501950
[89] => 505670
[90] => 477450
[91] => 512350
[92] => 499950
[93] => 523175
[94] => 521483.5
[95] => 522900
[96] => 450000
[97] => 519000
[98] => 504990
[99] => 502470
[100] => 489990
[101] => 485000
[102] => 492490
[103] => 469500
[104] => 476970
[105] => 450000
[106] => 447950
[107] => 439000
[108] => 443220
[109] => 435950
[110] => 475000
[111] => 479745
[112] => 479250
[113] => 469995
[114] => 474940
[115] => 462495
[116] => 455975
[117] => 444990
[118] => 450000
[119] => 454450
)
)
Array
(
[county_name] => Chesterfield
[state] => Virginia
[state_fips] => 51
[county_fips] => 51041
[dma] => 556
[metro_name] => Richmond, VA
[cbsa_name] => Richmond, VA
[county_region_id_zillow] => 3158
[metro_region_id_zillow] => 395022
[fips] => 51041
[cbsa_code] => 40060
[population_prior] => 343163
[population] => 348556
[rank] => 5
[difference] => 1.571556374
[region_id] => 3158
[sale_counts] => "456,414,349,331,318,319,306,293,267,247,262,294,301,288,255,281,303,322,316,308,338,323,328,304,305,303,300,330,295,271,235,249,259,266,308,346,360,326,300,283,283,287,296,288,280,291,377,426,413,360,321,337,324,333,315,329,326,338,386,417,431,380,353,349,355,353,350,346,343,351,393,409,394,355,339,358,365,368,372,387,395,394,399,427,441,443,420,442,449,469,464,467,453,451,463,546,547,531,481,517,526,561,523,519,496,512,550,562,579,542,529,522,522,517,509,499,511,507,557,578,581,555,533,536,545,560,530,514,490,493,550,598,641,626,611,657,679,729,734,789,813,823"
[county] => Chesterfield
[flips] => 547
[purchase_price] => 122987
[resale_price] => 267975
[gross_margin] => 144988
[flipcount_rank] => 2
[flipmargin_rank] => 14
[sale_counts_exploded] => Array
(
[0] => 456
[1] => 414
[2] => 349
[3] => 331
[4] => 318
[5] => 319
[6] => 306
[7] => 293
[8] => 267
[9] => 247
[10] => 262
[11] => 294
[12] => 301
[13] => 288
[14] => 255
[15] => 281
[16] => 303
[17] => 322
[18] => 316
[19] => 308
[20] => 338
[21] => 323
[22] => 328
[23] => 304
[24] => 305
[25] => 303
[26] => 300
[27] => 330
[28] => 295
[29] => 271
[30] => 235
[31] => 249
[32] => 259
[33] => 266
[34] => 308
[35] => 346
[36] => 360
[37] => 326
[38] => 300
[39] => 283
[40] => 283
[41] => 287
[42] => 296
[43] => 288
[44] => 280
[45] => 291
[46] => 377
[47] => 426
[48] => 413
[49] => 360
[50] => 321
[51] => 337
[52] => 324
[53] => 333
[54] => 315
[55] => 329
[56] => 326
[57] => 338
[58] => 386
[59] => 417
[60] => 431
[61] => 380
[62] => 353
[63] => 349
[64] => 355
[65] => 353
[66] => 350
[67] => 346
[68] => 343
[69] => 351
[70] => 393
[71] => 409
[72] => 394
[73] => 355
[74] => 339
[75] => 358
[76] => 365
[77] => 368
[78] => 372
[79] => 387
[80] => 395
[81] => 394
[82] => 399
[83] => 427
[84] => 441
[85] => 443
[86] => 420
[87] => 442
[88] => 449
[89] => 469
[90] => 464
[91] => 467
[92] => 453
[93] => 451
[94] => 463
[95] => 546
[96] => 547
[97] => 531
[98] => 481
[99] => 517
[100] => 526
[101] => 561
[102] => 523
[103] => 519
[104] => 496
[105] => 512
[106] => 550
[107] => 562
[108] => 579
[109] => 542
[110] => 529
[111] => 522
[112] => 522
[113] => 517
[114] => 509
[115] => 499
[116] => 511
[117] => 507
[118] => 557
[119] => 578
[120] => 581
[121] => 555
[122] => 533
[123] => 536
[124] => 545
[125] => 560
[126] => 530
[127] => 514
[128] => 490
[129] => 493
[130] => 550
[131] => 598
[132] => 641
[133] => 626
[134] => 611
[135] => 657
[136] => 679
[137] => 729
[138] => 734
[139] => 789
[140] => 813
[141] => 823
)
)