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 Woodlawn, VA. If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Carroll 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 |
Carroll County | #39th in VA | #87th 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.
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0.11% from last quarter
-0.38% from last year
-0.35% from last year
In order to successfully flip houses, you need the population of the area to be trending northward, which does not appear to be the case with Carroll County. This does not mean a flip wouldn't be successful, but it may be slightly harder to find a buyer.
Region | Population | Change YoY | Rank |
---|---|---|---|
Virginia | 8,517,685 | 0.62% | #12th in US |
Carroll County | 29,636 | -0.37% | #59th in VA |
24381 | 3,816 | #95th 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.