House Flipping Report
Neighborhood Data
Montpelier, VA 23192
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 Montpelier, VA . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Hanover 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
Hanover County
#28th in VA
#58th 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 Monthly Sales Count
153
List Price /sqft
$155
0.02% from last quarter
Average Home Sqft
$2,846
-0.2% 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 Hanover 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
Hanover County
107,239
1.31%
#17th in VA
23192
7,067
#85th 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] => 39548
[country] => USA
[zip] => 23192
[city] => Montpelier
[state] => Virginia
[state_abbr] => VA
[county] => Hanover
[dma] => 556
[latitude] => 37.8263
[longitude] => -77.674
[timezone] => -5
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 23192
[zip_name] => montpelier, va
[flag] =>
[median_listing_price] => 464811
[median_listing_price_mm] => -0.0686
[median_listing_price_yy] => -0.0017
[active_listing_count] => 26
[active_listing_count_mm] => -0.1875
[active_listing_count_yy] => -0.2121
[median_days_on_market] => 94
[median_days_on_market_mm] => -0.0408
[median_days_on_market_yy] => -0.0208
[new_listing_count] => 0
[new_listing_count_mm] => -1
[new_listing_count_yy] => -1
[price_increased_count] => 0
[price_increased_count_mm] =>
[price_increased_count_yy] =>
[price_reduced_count] => 0
[price_reduced_count_mm] => -1
[price_reduced_count_yy] =>
[pending_listing_count] => 11
[pending_listing_count_mm] => -0.3889
[pending_listing_count_yy] => -0.1538
[median_listing_price_per_square_feet] => 155
[median_listing_price_per_square_feet_mm] => 0.0219
[median_listing_price_per_square_feet_yy] => 0.0883
[median_square_feet] => 2846
[median_square_feet_mm] => -0.0915
[median_square_feet_yy] => -0.198
[average_listing_price] => 483228
[average_listing_price_mm] => -0.0322
[average_listing_price_yy] => -0.1233
[total_listing_count] => 37
[total_listing_count_mm] => -0.26
[total_listing_count_yy] => 0.4231
[pending_ratio_mm] => -0.1394
[pending_ratio_yy] => 0.0291
[RegionID] => 67592
[RegionName] => 23192
[State] => VA
[Metro] => Richmond
[County] => Hanover County
[City] => Montpelier
[SizeRank] => 102
[Zhvi] => 295900
[MoM] => 0.00783379
[QoQ] => 0.0130092
[YoY] => -0.0130087
[5Year] => 0.0415534
[10Year] => 0.0151463
[PeakMonth] => 2019-02
[PeakQuarter] => 2019-Q1
[PeakZHVI] => 305900
[PctFallFromPeak] => -0.0326904
[LastTimeAtCurrZHVI] => 2018-05
[flips] => 6835
[purchase_price] => 167706
[resale_price] => 274176
[gross_margin] => 106470
[flipcount_rank] => 16
[flipmargin_rank] => 12
[counties] => 135
[zip_population] => 7067
[zip_rank] => 285
[state_population] => 8517685
[state_rank] => 12
[state_difference] => 0.619925
[list_prices] =>
[list_prices_exploded] => Array
(
[0] =>
)
)
Array
(
[county_name] => Hanover
[state] => Virginia
[state_fips] => 51
[county_fips] => 51085
[dma] => 556
[metro_name] => Richmond, VA
[cbsa_name] => Richmond, VA
[county_region_id_zillow] => 1758
[metro_region_id_zillow] => 395022
[fips] => 51085
[cbsa_code] => 40060
[population_prior] => 105850
[population] => 107239
[rank] => 17
[difference] => 1.312234294
[region_id] => 1758
[sale_counts] => ",,,,,,,,,,,,,,,,,,67,81,98,96,80,68,74,85,85,83,65,59,57,67,71,70,73,89,93,87,71,67,69,70,74,73,84,84,90,89,95,96,95,95,89,83,82,83,98,94,108,98,101,95,100,105,107,105,108,98,97,94,103,110,110,107,97,98,102,106,111,110,113,115,113,117,120,117,121,128,143,143,136,136,126,129,123,141,134,143,134,142,134,132,131,132,144,139,154,144,159,153,153,156,144,140,130,141,148,156,178,189,192,162,147,139,149,156,157,156,156,140,133,149,162,159,140,136,145,146,155,156,158,153"
[county] => Hanover
[flips] => 42
[purchase_price] => 202100
[resale_price] => 267450
[gross_margin] => 65350
[flipcount_rank] => 28
[flipmargin_rank] => 58
[sale_counts_exploded] => Array
(
[0] =>
[1] =>
[2] =>
[3] =>
[4] =>
[5] =>
[6] =>
[7] =>
[8] =>
[9] =>
[10] =>
[11] =>
[12] =>
[13] =>
[14] =>
[15] =>
[16] =>
[17] =>
[18] => 67
[19] => 81
[20] => 98
[21] => 96
[22] => 80
[23] => 68
[24] => 74
[25] => 85
[26] => 85
[27] => 83
[28] => 65
[29] => 59
[30] => 57
[31] => 67
[32] => 71
[33] => 70
[34] => 73
[35] => 89
[36] => 93
[37] => 87
[38] => 71
[39] => 67
[40] => 69
[41] => 70
[42] => 74
[43] => 73
[44] => 84
[45] => 84
[46] => 90
[47] => 89
[48] => 95
[49] => 96
[50] => 95
[51] => 95
[52] => 89
[53] => 83
[54] => 82
[55] => 83
[56] => 98
[57] => 94
[58] => 108
[59] => 98
[60] => 101
[61] => 95
[62] => 100
[63] => 105
[64] => 107
[65] => 105
[66] => 108
[67] => 98
[68] => 97
[69] => 94
[70] => 103
[71] => 110
[72] => 110
[73] => 107
[74] => 97
[75] => 98
[76] => 102
[77] => 106
[78] => 111
[79] => 110
[80] => 113
[81] => 115
[82] => 113
[83] => 117
[84] => 120
[85] => 117
[86] => 121
[87] => 128
[88] => 143
[89] => 143
[90] => 136
[91] => 136
[92] => 126
[93] => 129
[94] => 123
[95] => 141
[96] => 134
[97] => 143
[98] => 134
[99] => 142
[100] => 134
[101] => 132
[102] => 131
[103] => 132
[104] => 144
[105] => 139
[106] => 154
[107] => 144
[108] => 159
[109] => 153
[110] => 153
[111] => 156
[112] => 144
[113] => 140
[114] => 130
[115] => 141
[116] => 148
[117] => 156
[118] => 178
[119] => 189
[120] => 192
[121] => 162
[122] => 147
[123] => 139
[124] => 149
[125] => 156
[126] => 157
[127] => 156
[128] => 156
[129] => 140
[130] => 133
[131] => 149
[132] => 162
[133] => 159
[134] => 140
[135] => 136
[136] => 145
[137] => 146
[138] => 155
[139] => 156
[140] => 158
[141] => 153
)
)