House Flipping Report
Neighborhood Data
Newport News, VA 23602
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
$ 198,200
0.02% YoY Change
List Price /sqft
$126
0.01% from last quarter
Reduced Listings /Month
16
-0.5% from last quarter
Average Home Sqft
$1,587
-0.03% 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
23602
39,676
#37th 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] => 40141
[country] => USA
[zip] => 23602
[city] => Newport News
[state] => Virginia
[state_abbr] => VA
[county] => Newport News (city)
[dma] => 544
[latitude] => 37.1143
[longitude] => -76.5148
[timezone] => -5
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 23602
[zip_name] => newport news, va
[flag] => *
[median_listing_price] => 199000
[median_listing_price_mm] => -0.0052
[median_listing_price_yy] =>
[active_listing_count] => 130
[active_listing_count_mm] => -0.1558
[active_listing_count_yy] =>
[median_days_on_market] => 60.5
[median_days_on_market_mm] => 0.21
[median_days_on_market_yy] =>
[new_listing_count] => 40
[new_listing_count_mm] => -0.0909
[new_listing_count_yy] => -0.0909
[price_increased_count] => 0
[price_increased_count_mm] =>
[price_increased_count_yy] =>
[price_reduced_count] => 16
[price_reduced_count_mm] => -0.5
[price_reduced_count_yy] => -0.6
[pending_listing_count] => 6
[pending_listing_count_mm] => 0.5
[pending_listing_count_yy] => 1
[median_listing_price_per_square_feet] => 126
[median_listing_price_per_square_feet_mm] => 0.0123
[median_listing_price_per_square_feet_yy] => 0.0234
[median_square_feet] => 1587
[median_square_feet_mm] => -0.0022
[median_square_feet_yy] => -0.0261
[average_listing_price] => 213516
[average_listing_price_mm] => -0.0203
[average_listing_price_yy] => 0.0116
[total_listing_count] => 136
[total_listing_count_mm] => -0.1392
[total_listing_count_yy] => 0.0462
[pending_ratio_mm] => 0.0202
[pending_ratio_yy] => 0.0321
[RegionID] => 67770
[RegionName] => 23602
[State] => VA
[Metro] => Virginia Beach-Norfolk-Newport News
[County] => Newport News City
[City] => Newport News
[SizeRank] => 112
[Zhvi] => 195800
[MoM] => 0.00256016
[QoQ] => 0.00461775
[YoY] => 0.0171429
[5Year] => 0.0235359
[10Year] => -0.000965234
[PeakMonth] => 2007-03
[PeakQuarter] => 2007-Q1
[PeakZHVI] => 217500
[PctFallFromPeak] => -0.0997701
[LastTimeAtCurrZHVI] => 2005-12
[flips] => 6835
[purchase_price] => 167706
[resale_price] => 274176
[gross_margin] => 106470
[flipcount_rank] => 16
[flipmargin_rank] => 12
[counties] => 135
[zip_population] => 39676
[zip_rank] => 37
[state_population] => 8517685
[state_rank] => 12
[state_difference] => 0.619925
[list_prices] => "214900,214900,214900,214900,210000,210000,209000,209000,2.00E+05,199900,2.00E+05,198950,194900,199750,195500,199000,197175,199000,190000,189900,189900,189900,189000,179900,179950,178900,171900,169900,172000,170000,170000,170450,169000,169000,165000,167000,167500,167500,170000,173250,174900,179000,178750,174900,170000,175000,173500,169950,173491.5,179000,189900,184950,185000,189900,189500,189000,189900,188700,188000,188000,182000,185200,195250,2.00E+05,199999,204900,209900,205250,195000,194400,193000,189000,189000,189900,189000,190000,187200,189900,189900,188400,184000,185000,187000,186000,185000,190000,189900,191000,192500,189900,189000,189900,188495,189900,189900,184950,178950,184900,199000,199500,195500,209500,2.00E+05,214900,209900,205000,2.00E+05,195000,189949.5,190000,197450,192900,199000,212000,205000,210000,208000,204978,2.00E+05,198200"
[list_prices_exploded] => Array
(
[0] => 214900
[1] => 214900
[2] => 214900
[3] => 214900
[4] => 210000
[5] => 210000
[6] => 209000
[7] => 209000
[8] => 2.00E+05
[9] => 199900
[10] => 2.00E+05
[11] => 198950
[12] => 194900
[13] => 199750
[14] => 195500
[15] => 199000
[16] => 197175
[17] => 199000
[18] => 190000
[19] => 189900
[20] => 189900
[21] => 189900
[22] => 189000
[23] => 179900
[24] => 179950
[25] => 178900
[26] => 171900
[27] => 169900
[28] => 172000
[29] => 170000
[30] => 170000
[31] => 170450
[32] => 169000
[33] => 169000
[34] => 165000
[35] => 167000
[36] => 167500
[37] => 167500
[38] => 170000
[39] => 173250
[40] => 174900
[41] => 179000
[42] => 178750
[43] => 174900
[44] => 170000
[45] => 175000
[46] => 173500
[47] => 169950
[48] => 173491.5
[49] => 179000
[50] => 189900
[51] => 184950
[52] => 185000
[53] => 189900
[54] => 189500
[55] => 189000
[56] => 189900
[57] => 188700
[58] => 188000
[59] => 188000
[60] => 182000
[61] => 185200
[62] => 195250
[63] => 2.00E+05
[64] => 199999
[65] => 204900
[66] => 209900
[67] => 205250
[68] => 195000
[69] => 194400
[70] => 193000
[71] => 189000
[72] => 189000
[73] => 189900
[74] => 189000
[75] => 190000
[76] => 187200
[77] => 189900
[78] => 189900
[79] => 188400
[80] => 184000
[81] => 185000
[82] => 187000
[83] => 186000
[84] => 185000
[85] => 190000
[86] => 189900
[87] => 191000
[88] => 192500
[89] => 189900
[90] => 189000
[91] => 189900
[92] => 188495
[93] => 189900
[94] => 189900
[95] => 184950
[96] => 178950
[97] => 184900
[98] => 199000
[99] => 199500
[100] => 195500
[101] => 209500
[102] => 2.00E+05
[103] => 214900
[104] => 209900
[105] => 205000
[106] => 2.00E+05
[107] => 195000
[108] => 189949.5
[109] => 190000
[110] => 197450
[111] => 192900
[112] => 199000
[113] => 212000
[114] => 205000
[115] => 210000
[116] => 208000
[117] => 204978
[118] => 2.00E+05
[119] => 198200
)
)
Array
(
[sale_counts_exploded] => Array
(
[0] =>
)
)