House Flipping Report
Neighborhood Data
Lexington, VA 24450
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 Lexington, VA . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Lexington (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
$ 329,000
0.07% YoY Change
List Price /sqft
$142
0% from last quarter
Reduced Listings /Month
4
-0.67% from last quarter
Average Home Sqft
$3,032
0.17% 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
24450
16,741
#75th 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] => 40121
[country] => USA
[zip] => 24450
[city] => Lexington
[state] => Virginia
[state_abbr] => VA
[county] => Lexington (city)
[dma] => 573
[latitude] => 37.7734
[longitude] => -79.5182
[timezone] => -5
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 24450
[zip_name] => lexington, va
[flag] => *
[median_listing_price] => 449050
[median_listing_price_mm] => 0
[median_listing_price_yy] =>
[active_listing_count] => 128
[active_listing_count_mm] => -0.0078
[active_listing_count_yy] =>
[median_days_on_market] => 171
[median_days_on_market_mm] => 0.1104
[median_days_on_market_yy] =>
[new_listing_count] => 16
[new_listing_count_mm] => 0.3333
[new_listing_count_yy] => 0.3333
[price_increased_count] => 0
[price_increased_count_mm] =>
[price_increased_count_yy] =>
[price_reduced_count] => 4
[price_reduced_count_mm] => -0.6667
[price_reduced_count_yy] => -0.5
[pending_listing_count] => 9
[pending_listing_count_mm] => -0.25
[pending_listing_count_yy] => 0.125
[median_listing_price_per_square_feet] => 142
[median_listing_price_per_square_feet_mm] => 0.001
[median_listing_price_per_square_feet_yy] => 0.0255
[median_square_feet] => 3032
[median_square_feet_mm] => -0.0033
[median_square_feet_yy] => 0.1725
[average_listing_price] => 489015
[average_listing_price_mm] => 0.0027
[average_listing_price_yy] => 0.1565
[total_listing_count] => 137
[total_listing_count_mm] => -0.0284
[total_listing_count_yy] => 0.0703
[pending_ratio_mm] => -0.0227
[pending_ratio_yy] => 0.0275
[RegionID] => 68149
[RegionName] => 24450
[State] => VA
[Metro] =>
[County] => Rockbridge County
[City] => Lexington
[SizeRank] => 616
[Zhvi] => 229600
[MoM] => 0.0123457
[QoQ] => 0.0300583
[YoY] => 0.0708955
[5Year] => 0.0359848
[10Year] => 0.0149686
[PeakMonth] => 2007-10
[PeakQuarter] => 2007-Q4
[PeakZHVI] => 237100
[PctFallFromPeak] => -0.0316322
[LastTimeAtCurrZHVI] => 2007-07
[flips] => 6835
[purchase_price] => 167706
[resale_price] => 274176
[gross_margin] => 106470
[flipcount_rank] => 16
[flipmargin_rank] => 12
[counties] => 135
[zip_population] => 16741
[zip_rank] => 175
[state_population] => 8517685
[state_rank] => 12
[state_difference] => 0.619925
[list_prices] => "325000,324750,317000,299750,297500,295000,297500,297000,295000,294500,298000,299900,317250,319500,315000,310000,315000,299900,310000,312500,299000,325000,329000,327497.5,325000,299250,299000,299000,279000,279000,277000,279900,264900,295000,299000,299000,282450,284950,279000,299000,285000,299000,292500,289450,285950,288400,281200,257000,299000,272450,287250,297000,283750,279500,284900,288500,279500,286500,287500,290000,287500,285000,3.00E+05,310000,299917,299917,299834,307000,299834,299000,299000,298750,287000,279700,286500,284500,270000,269000,269500,277750,269000,275000,272250,275000,275000,275000,275000,268950,275000,279000,265000,272475,278450,299000,297000,292000,276450,282450,279900,299000,318000,289000,297000,295000,305000,299000,319000,310000,299500,299500,299000,299000,329450,325000,299000,318000,299500,319000,322000,329000"
[list_prices_exploded] => Array
(
[0] => 325000
[1] => 324750
[2] => 317000
[3] => 299750
[4] => 297500
[5] => 295000
[6] => 297500
[7] => 297000
[8] => 295000
[9] => 294500
[10] => 298000
[11] => 299900
[12] => 317250
[13] => 319500
[14] => 315000
[15] => 310000
[16] => 315000
[17] => 299900
[18] => 310000
[19] => 312500
[20] => 299000
[21] => 325000
[22] => 329000
[23] => 327497.5
[24] => 325000
[25] => 299250
[26] => 299000
[27] => 299000
[28] => 279000
[29] => 279000
[30] => 277000
[31] => 279900
[32] => 264900
[33] => 295000
[34] => 299000
[35] => 299000
[36] => 282450
[37] => 284950
[38] => 279000
[39] => 299000
[40] => 285000
[41] => 299000
[42] => 292500
[43] => 289450
[44] => 285950
[45] => 288400
[46] => 281200
[47] => 257000
[48] => 299000
[49] => 272450
[50] => 287250
[51] => 297000
[52] => 283750
[53] => 279500
[54] => 284900
[55] => 288500
[56] => 279500
[57] => 286500
[58] => 287500
[59] => 290000
[60] => 287500
[61] => 285000
[62] => 3.00E+05
[63] => 310000
[64] => 299917
[65] => 299917
[66] => 299834
[67] => 307000
[68] => 299834
[69] => 299000
[70] => 299000
[71] => 298750
[72] => 287000
[73] => 279700
[74] => 286500
[75] => 284500
[76] => 270000
[77] => 269000
[78] => 269500
[79] => 277750
[80] => 269000
[81] => 275000
[82] => 272250
[83] => 275000
[84] => 275000
[85] => 275000
[86] => 275000
[87] => 268950
[88] => 275000
[89] => 279000
[90] => 265000
[91] => 272475
[92] => 278450
[93] => 299000
[94] => 297000
[95] => 292000
[96] => 276450
[97] => 282450
[98] => 279900
[99] => 299000
[100] => 318000
[101] => 289000
[102] => 297000
[103] => 295000
[104] => 305000
[105] => 299000
[106] => 319000
[107] => 310000
[108] => 299500
[109] => 299500
[110] => 299000
[111] => 299000
[112] => 329450
[113] => 325000
[114] => 299000
[115] => 318000
[116] => 299500
[117] => 319000
[118] => 322000
[119] => 329000
)
)
Array
(
[sale_counts_exploded] => Array
(
[0] =>
)
)