House Flipping Report
Neighborhood Data
Morgantown, WV 26508
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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 Morgantown, WV . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Monongalia 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
Monongalia County
#4th in WV
#5th 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.
Latest Median Sale Price
$ 306,950
0.04% YoY Change
List Price /sqft
$137
-0% from last quarter
Reduced Listings /Month
24
-0.6% from last quarter
Average Home Sqft
$2,351
-0.03% from last year
In order to successfully flip houses, you need the population of the area to be trending northward, which appears to be the case with Monongalia 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
Monongalia County
106,420
0.48%
#3rd in WV
26508
29,170
#8th 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.
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