House Flipping Report
Neighborhood Data
Newport News, VA 23601
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 Newport News, VA . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Newport News (city) 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
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
$ 194,900
0.02% YoY Change
List Price /sqft
$126
-0.01% from last quarter
Reduced Listings /Month
12
-0.57% from last quarter
Average Home Sqft
$1,478
-0.14% from last year
In order to successfully flip houses, you need the population of the area to be trending northward for either the individual zip code or the county as a whole. As more people come into an area, they will need quality housing to keep up with the influx of people.
Region
Population
Change YoY
Rank
Virginia
8,517,685
0.62%
#12th in US
23601
25,127
#20th 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] => 40140
[country] => USA
[zip] => 23601
[city] => Newport News
[state] => Virginia
[state_abbr] => VA
[county] => Newport News (city)
[dma] => 544
[latitude] => 37.047
[longitude] => -76.4857
[timezone] => -5
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 23601
[zip_name] => newport news, va
[flag] =>
[median_listing_price] => 194950
[median_listing_price_mm] => 0.0156
[median_listing_price_yy] => -0.0157
[active_listing_count] => 80
[active_listing_count_mm] => -0.1111
[active_listing_count_yy] => -0.2727
[median_days_on_market] => 60
[median_days_on_market_mm] => -0.0476
[median_days_on_market_yy] => -0.1549
[new_listing_count] => 20
[new_listing_count_mm] => -0.1667
[new_listing_count_yy] => -0.4444
[price_increased_count] => 0
[price_increased_count_mm] =>
[price_increased_count_yy] =>
[price_reduced_count] => 12
[price_reduced_count_mm] => -0.5714
[price_reduced_count_yy] => 0
[pending_listing_count] => 2
[pending_listing_count_mm] => -0.3333
[pending_listing_count_yy] => 1
[median_listing_price_per_square_feet] => 126
[median_listing_price_per_square_feet_mm] => -0.0095
[median_listing_price_per_square_feet_yy] => 0.0305
[median_square_feet] => 1478
[median_square_feet_mm] => 0.012
[median_square_feet_yy] => -0.135
[average_listing_price] => 224373
[average_listing_price_mm] => -0.0288
[average_listing_price_yy] => -0.1903
[total_listing_count] => 82
[total_listing_count_mm] => -0.1183
[total_listing_count_yy] => 0.025
[pending_ratio_mm] => -0.0083
[pending_ratio_yy] => 0.0159
[RegionID] => 67769
[RegionName] => 23601
[State] => VA
[Metro] => Virginia Beach-Norfolk-Newport News
[County] => Newport News City
[City] => Newport News
[SizeRank] => 348
[Zhvi] => 180700
[MoM] => 0.00277469
[QoQ] => 0.00110803
[YoY] => 0.0168824
[5Year] => 0.0279942
[10Year] => -0.00104543
[PeakMonth] => 2008-03
[PeakQuarter] => 2008-Q1
[PeakZHVI] => 198300
[PctFallFromPeak] => -0.0887544
[LastTimeAtCurrZHVI] => 2006-02
[flips] => 6835
[purchase_price] => 167706
[resale_price] => 274176
[gross_margin] => 106470
[flipcount_rank] => 16
[flipmargin_rank] => 12
[counties] => 135
[zip_population] => 25127
[zip_rank] => 120
[state_population] => 8517685
[state_rank] => 12
[state_difference] => 0.619925
[list_prices] => "210000,209950,209450,199900,198500,195000,193450,193000,197950,199000,199900,199900,199900,189999.5,190000,189950,190000,192200,193000,192750,189900,187000,187945,190000,180627.5,180265,179900,179900,179000,179900,170870,175000,174700,175715,172450,180415,175000,174900,167547.5,175000,175000,177950,184000,175000,171000,174950,172000,172450,174900,176000,179900,189500,188500,179950,182500,175000,171500,169900,167750,165000,166900,165000,169950,177250,175000,183500,172500,178750,175000,175450,179900,175000,178000,179900,185000,187000,195000,185900,182250,180000,179900,169950,174500,169900,189375,190000,189900,188450,190000,189450,184900,179900,179900,179000,179900,176500,179000,170000,174999,179400,180000,184500,184900,189900,196500,194900,194900,185950,175000,189900,190000,190000,192500,202250,199950,189900,189000,194000,194000,194900"
[list_prices_exploded] => Array
(
[0] => 210000
[1] => 209950
[2] => 209450
[3] => 199900
[4] => 198500
[5] => 195000
[6] => 193450
[7] => 193000
[8] => 197950
[9] => 199000
[10] => 199900
[11] => 199900
[12] => 199900
[13] => 189999.5
[14] => 190000
[15] => 189950
[16] => 190000
[17] => 192200
[18] => 193000
[19] => 192750
[20] => 189900
[21] => 187000
[22] => 187945
[23] => 190000
[24] => 180627.5
[25] => 180265
[26] => 179900
[27] => 179900
[28] => 179000
[29] => 179900
[30] => 170870
[31] => 175000
[32] => 174700
[33] => 175715
[34] => 172450
[35] => 180415
[36] => 175000
[37] => 174900
[38] => 167547.5
[39] => 175000
[40] => 175000
[41] => 177950
[42] => 184000
[43] => 175000
[44] => 171000
[45] => 174950
[46] => 172000
[47] => 172450
[48] => 174900
[49] => 176000
[50] => 179900
[51] => 189500
[52] => 188500
[53] => 179950
[54] => 182500
[55] => 175000
[56] => 171500
[57] => 169900
[58] => 167750
[59] => 165000
[60] => 166900
[61] => 165000
[62] => 169950
[63] => 177250
[64] => 175000
[65] => 183500
[66] => 172500
[67] => 178750
[68] => 175000
[69] => 175450
[70] => 179900
[71] => 175000
[72] => 178000
[73] => 179900
[74] => 185000
[75] => 187000
[76] => 195000
[77] => 185900
[78] => 182250
[79] => 180000
[80] => 179900
[81] => 169950
[82] => 174500
[83] => 169900
[84] => 189375
[85] => 190000
[86] => 189900
[87] => 188450
[88] => 190000
[89] => 189450
[90] => 184900
[91] => 179900
[92] => 179900
[93] => 179000
[94] => 179900
[95] => 176500
[96] => 179000
[97] => 170000
[98] => 174999
[99] => 179400
[100] => 180000
[101] => 184500
[102] => 184900
[103] => 189900
[104] => 196500
[105] => 194900
[106] => 194900
[107] => 185950
[108] => 175000
[109] => 189900
[110] => 190000
[111] => 190000
[112] => 192500
[113] => 202250
[114] => 199950
[115] => 189900
[116] => 189000
[117] => 194000
[118] => 194000
[119] => 194900
)
)
Array
(
[sale_counts_exploded] => Array
(
[0] =>
)
)