House Flipping Report
Neighborhood Data
Roanoke, VA 24012
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 Roanoke, VA . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Roanoke (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
$ 139,950
0.08% YoY Change
List Price /sqft
$101
0.02% from last quarter
Reduced Listings /Month
12
-0.5% from last quarter
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
24012
29,015
#91st 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] => 40237
[country] => USA
[zip] => 24012
[city] => Roanoke
[state] => Virginia
[state_abbr] => VA
[county] => Roanoke (city)
[dma] => 573
[latitude] => 37.3243
[longitude] => -79.9012
[timezone] => -5
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 24012
[zip_name] => roanoke, va
[flag] =>
[median_listing_price] => 146025
[median_listing_price_mm] => 0.0067
[median_listing_price_yy] => 0.043
[active_listing_count] => 53
[active_listing_count_mm] => -0.2206
[active_listing_count_yy] => -0.2838
[median_days_on_market] => 70
[median_days_on_market_mm] => 0.25
[median_days_on_market_yy] => 0.0294
[new_listing_count] => 12
[new_listing_count_mm] => -0.5
[new_listing_count_yy] => -0.4
[price_increased_count] => 0
[price_increased_count_mm] =>
[price_increased_count_yy] => -1
[price_reduced_count] => 12
[price_reduced_count_mm] => -0.5
[price_reduced_count_yy] => 2
[pending_listing_count] => 59
[pending_listing_count_mm] => -0.0328
[pending_listing_count_yy] => 0.5128
[median_listing_price_per_square_feet] => 101
[median_listing_price_per_square_feet_mm] => 0.0244
[median_listing_price_per_square_feet_yy] => 0.1287
[median_square_feet] => 1630
[median_square_feet_mm] => -0.0298
[median_square_feet_yy] => 0.0025
[average_listing_price] => 198672
[average_listing_price_mm] => 0.0223
[average_listing_price_yy] => 0.197
[total_listing_count] => 112
[total_listing_count_mm] => -0.1318
[total_listing_count_yy] => 1.1132
[pending_ratio_mm] => 0.2161
[pending_ratio_yy] => 0.5862
[RegionID] => 67915
[RegionName] => 24012
[State] => VA
[Metro] => Roanoke
[County] => Roanoke City
[City] => Roanoke
[SizeRank] => 289
[Zhvi] => 130500
[MoM] => 0.0124127
[QoQ] => 0.0324367
[YoY] => 0.084788
[5Year] => 0.0272236
[10Year] => 0.00512224
[PeakMonth] => 2007-04
[PeakQuarter] => 2007-Q2
[PeakZHVI] => 131300
[PctFallFromPeak] => -0.00609292
[LastTimeAtCurrZHVI] => 2007-02
[flips] => 6835
[purchase_price] => 167706
[resale_price] => 274176
[gross_margin] => 106470
[flipcount_rank] => 16
[flipmargin_rank] => 12
[counties] => 135
[zip_population] => 29015
[zip_rank] => 91
[state_population] => 8517685
[state_rank] => 12
[state_difference] => 0.619925
[list_prices] => "136475,139950,139950,135000,134525,134950,134950,134950,132950,129900,128475,125500,125400,119950,124950,124250,124000,122000,124900,119950,119950,122500,120525,119950,119500,119250,119900,122500,124500,122000,124500,119950,119950,119700,117850,115000,114950,114950,119950,124900,124950,121500,122700,124925,127950,125750,119950,119950,129950,119925,119950,124900,124950,124950,124925,124950,124500,121500,119950,119950,119900,120475,124950,127500,123500,121500,123450,122925,119950,119925,120000,119900,119950,115225,118000,119950,124999.5,125000,124950,124200,119950,119700,120000,123975,124900,123975,119950,124950,129750,127450,132450,134950,132975,129500,135000,134950,139900,139700,129975,139900,139000,136500,129950,130000,129950,130925,129950,129925,134950,129950,133950,139394,135475,136700,135000,134950,129950,137000,139950,139950"
[list_prices_exploded] => Array
(
[0] => 136475
[1] => 139950
[2] => 139950
[3] => 135000
[4] => 134525
[5] => 134950
[6] => 134950
[7] => 134950
[8] => 132950
[9] => 129900
[10] => 128475
[11] => 125500
[12] => 125400
[13] => 119950
[14] => 124950
[15] => 124250
[16] => 124000
[17] => 122000
[18] => 124900
[19] => 119950
[20] => 119950
[21] => 122500
[22] => 120525
[23] => 119950
[24] => 119500
[25] => 119250
[26] => 119900
[27] => 122500
[28] => 124500
[29] => 122000
[30] => 124500
[31] => 119950
[32] => 119950
[33] => 119700
[34] => 117850
[35] => 115000
[36] => 114950
[37] => 114950
[38] => 119950
[39] => 124900
[40] => 124950
[41] => 121500
[42] => 122700
[43] => 124925
[44] => 127950
[45] => 125750
[46] => 119950
[47] => 119950
[48] => 129950
[49] => 119925
[50] => 119950
[51] => 124900
[52] => 124950
[53] => 124950
[54] => 124925
[55] => 124950
[56] => 124500
[57] => 121500
[58] => 119950
[59] => 119950
[60] => 119900
[61] => 120475
[62] => 124950
[63] => 127500
[64] => 123500
[65] => 121500
[66] => 123450
[67] => 122925
[68] => 119950
[69] => 119925
[70] => 120000
[71] => 119900
[72] => 119950
[73] => 115225
[74] => 118000
[75] => 119950
[76] => 124999.5
[77] => 125000
[78] => 124950
[79] => 124200
[80] => 119950
[81] => 119700
[82] => 120000
[83] => 123975
[84] => 124900
[85] => 123975
[86] => 119950
[87] => 124950
[88] => 129750
[89] => 127450
[90] => 132450
[91] => 134950
[92] => 132975
[93] => 129500
[94] => 135000
[95] => 134950
[96] => 139900
[97] => 139700
[98] => 129975
[99] => 139900
[100] => 139000
[101] => 136500
[102] => 129950
[103] => 130000
[104] => 129950
[105] => 130925
[106] => 129950
[107] => 129925
[108] => 134950
[109] => 129950
[110] => 133950
[111] => 139394
[112] => 135475
[113] => 136700
[114] => 135000
[115] => 134950
[116] => 129950
[117] => 137000
[118] => 139950
[119] => 139950
)
)
Array
(
[sale_counts_exploded] => Array
(
[0] =>
)
)