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 Paw Paw, WV. If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Morgan County, we've been able to rank it against its peer counties within West Virginia. To provide an even fuller picture, we also ranked West Virginia against all other US states.
Region | Rank in # of Flips | Rank in Flip Profit |
---|---|---|
West Virginia | #44th in US | #36th in US |
Morgan County | #22nd in WV | #17th in WV |
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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In order to successfully flip houses, you need the population of the area to be trending northward, which appears to be the case with Morgan County. This is a good sign that flipping a house here will be successful.
Region | Population | Change YoY | Rank |
---|---|---|---|
West Virginia | 1,805,832 | -0.62% | #38th in US |
Morgan County | 17,787 | 0.44% | #33rd in WV |
25434 | 2,521 | #61st in WV |
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.