House Flipping Report
Neighborhood Data
Valdese, NC 28690
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 Valdese, NC . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Burke County , we've been able to rank it against its peer counties within North Carolina. To provide an even fuller picture, we also ranked North Carolina against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
North Carolina
#6th in US
#34th in US
Burke County
#38th in NC
#45th in NC
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
$ 174,500
even YoY Change
Latest Monthly Sales Count
75
List Price /sqft
$112
0.03% from last quarter
Average Home Sqft
$1,750
0.18% 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 Burke County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
North Carolina
10,383,620
1.1%
#9th in US
Burke County
90,382
0.28%
#32nd in NC
28690
9,295
#14th in NC
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] => 22910
[country] => USA
[zip] => 28690
[city] => Valdese
[state] => North Carolina
[state_abbr] => NC
[county] => Burke
[dma] => 517
[latitude] => 35.7333
[longitude] => -81.5813
[timezone] => -5
[timezone_dst] => 1
[dttm] =>
[postal_code] => 28690
[zip_name] => valdese, nc
[flag] =>
[median_listing_price] => 184800
[median_listing_price_mm] => 0.0587
[median_listing_price_yy] => 0.1272
[active_listing_count] => 19
[active_listing_count_mm] => 0.1176
[active_listing_count_yy] => -0.5682
[median_days_on_market] => 46.5
[median_days_on_market_mm] => 0.7222
[median_days_on_market_yy] => -0.5303
[new_listing_count] => 8
[new_listing_count_mm] => -0.3333
[new_listing_count_yy] => 0
[price_increased_count] => 0
[price_increased_count_mm] =>
[price_increased_count_yy] =>
[price_reduced_count] => 4
[price_reduced_count_mm] =>
[price_reduced_count_yy] => 0
[pending_listing_count] => 3
[pending_listing_count_mm] => -0.5714
[pending_listing_count_yy] => -0.25
[median_listing_price_per_square_feet] => 112
[median_listing_price_per_square_feet_mm] => 0.0315
[median_listing_price_per_square_feet_yy] => 0.1726
[median_square_feet] => 1750
[median_square_feet_mm] => 0.0282
[median_square_feet_yy] => 0.1816
[average_listing_price] => 252496
[average_listing_price_mm] => -0.0495
[average_listing_price_yy] => 0.1046
[total_listing_count] => 22
[total_listing_count_mm] => -0.0833
[total_listing_count_yy] => 0.1579
[pending_ratio_mm] => -0.2539
[pending_ratio_yy] => 0.067
[RegionID] =>
[RegionName] =>
[State] =>
[Metro] =>
[County] =>
[City] =>
[SizeRank] =>
[Zhvi] =>
[MoM] =>
[QoQ] =>
[YoY] =>
[5Year] =>
[10Year] =>
[PeakMonth] =>
[PeakQuarter] =>
[PeakZHVI] =>
[PctFallFromPeak] =>
[LastTimeAtCurrZHVI] =>
[flips] => 12577
[purchase_price] => 144173
[resale_price] => 198842
[gross_margin] => 54670
[flipcount_rank] => 6
[flipmargin_rank] => 34
[counties] => 100
[zip_population] => 9295
[zip_rank] => 314
[state_population] => 10383620
[state_rank] => 9
[state_difference] => 1.098453
[list_prices] => ",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,156400,159900,158400,167200,166700,174900,174900,179900,169900,171999,184950,179900,191500,171750,174500"
[list_prices_exploded] => Array
(
[0] =>
[1] =>
[2] =>
[3] =>
[4] =>
[5] =>
[6] =>
[7] =>
[8] =>
[9] =>
[10] =>
[11] =>
[12] =>
[13] =>
[14] =>
[15] =>
[16] =>
[17] =>
[18] =>
[19] =>
[20] =>
[21] =>
[22] =>
[23] =>
[24] =>
[25] =>
[26] =>
[27] =>
[28] =>
[29] =>
[30] =>
[31] =>
[32] =>
[33] =>
[34] =>
[35] =>
[36] =>
[37] =>
[38] =>
[39] =>
[40] =>
[41] =>
[42] =>
[43] =>
[44] =>
[45] =>
[46] =>
[47] =>
[48] =>
[49] =>
[50] =>
[51] =>
[52] =>
[53] =>
[54] =>
[55] =>
[56] =>
[57] =>
[58] =>
[59] =>
[60] =>
[61] =>
[62] =>
[63] =>
[64] =>
[65] =>
[66] =>
[67] =>
[68] =>
[69] =>
[70] =>
[71] =>
[72] =>
[73] =>
[74] =>
[75] =>
[76] =>
[77] =>
[78] =>
[79] =>
[80] =>
[81] =>
[82] =>
[83] =>
[84] =>
[85] =>
[86] =>
[87] =>
[88] =>
[89] =>
[90] =>
[91] =>
[92] =>
[93] =>
[94] =>
[95] =>
[96] =>
[97] =>
[98] =>
[99] =>
[100] =>
[101] =>
[102] =>
[103] =>
[104] =>
[105] => 156400
[106] => 159900
[107] => 158400
[108] => 167200
[109] => 166700
[110] => 174900
[111] => 174900
[112] => 179900
[113] => 169900
[114] => 171999
[115] => 184950
[116] => 179900
[117] => 191500
[118] => 171750
[119] => 174500
)
)
Array
(
[county_name] => Burke
[state] => North Carolina
[state_fips] => 37
[county_fips] => 37023
[dma] => 517
[metro_name] => Morganton, NC
[cbsa_name] => Hickory-Lenoir-Morganton, NC
[county_region_id_zillow] => 416
[metro_region_id_zillow] => 394679
[fips] => 37023
[cbsa_code] => 25860
[population_prior] => 90127
[population] => 90382
[rank] => 32
[difference] => 0.282934082
[region_id] => 416
[sale_counts] => "42,36,39,37,43,44,52,51,44,37,46,51,57,47,43,39,44,44,48,48,53,50,44,37,42,45,53,49,45,39,39,42,43,41,45,50,54,47,43,40,44,45,43,40,39,41,52,56,63,57,56,49,47,43,42,41,44,45,47,49,53,55,56,51,52,51,59,58,55,55,56,64,64,68,65,66,64,66,54,50,52,67,71,64,60,47,38,30,46,64,69,72,69,71,77,82,82,72,70,74,80,80,87,88,96,93,102,98,102,87,85,85,88,88,86,92,94,93,97,98,98,96,95,94,92,93,91,88,86,87,94,104,112,103,109,98,101,83,88,85,82,75"
[county] => Burke
[flips] => 55
[purchase_price] => 76851
[resale_price] => 135873
[gross_margin] => 59022
[flipcount_rank] => 38
[flipmargin_rank] => 45
[sale_counts_exploded] => Array
(
[0] => 42
[1] => 36
[2] => 39
[3] => 37
[4] => 43
[5] => 44
[6] => 52
[7] => 51
[8] => 44
[9] => 37
[10] => 46
[11] => 51
[12] => 57
[13] => 47
[14] => 43
[15] => 39
[16] => 44
[17] => 44
[18] => 48
[19] => 48
[20] => 53
[21] => 50
[22] => 44
[23] => 37
[24] => 42
[25] => 45
[26] => 53
[27] => 49
[28] => 45
[29] => 39
[30] => 39
[31] => 42
[32] => 43
[33] => 41
[34] => 45
[35] => 50
[36] => 54
[37] => 47
[38] => 43
[39] => 40
[40] => 44
[41] => 45
[42] => 43
[43] => 40
[44] => 39
[45] => 41
[46] => 52
[47] => 56
[48] => 63
[49] => 57
[50] => 56
[51] => 49
[52] => 47
[53] => 43
[54] => 42
[55] => 41
[56] => 44
[57] => 45
[58] => 47
[59] => 49
[60] => 53
[61] => 55
[62] => 56
[63] => 51
[64] => 52
[65] => 51
[66] => 59
[67] => 58
[68] => 55
[69] => 55
[70] => 56
[71] => 64
[72] => 64
[73] => 68
[74] => 65
[75] => 66
[76] => 64
[77] => 66
[78] => 54
[79] => 50
[80] => 52
[81] => 67
[82] => 71
[83] => 64
[84] => 60
[85] => 47
[86] => 38
[87] => 30
[88] => 46
[89] => 64
[90] => 69
[91] => 72
[92] => 69
[93] => 71
[94] => 77
[95] => 82
[96] => 82
[97] => 72
[98] => 70
[99] => 74
[100] => 80
[101] => 80
[102] => 87
[103] => 88
[104] => 96
[105] => 93
[106] => 102
[107] => 98
[108] => 102
[109] => 87
[110] => 85
[111] => 85
[112] => 88
[113] => 88
[114] => 86
[115] => 92
[116] => 94
[117] => 93
[118] => 97
[119] => 98
[120] => 98
[121] => 96
[122] => 95
[123] => 94
[124] => 92
[125] => 93
[126] => 91
[127] => 88
[128] => 86
[129] => 87
[130] => 94
[131] => 104
[132] => 112
[133] => 103
[134] => 109
[135] => 98
[136] => 101
[137] => 83
[138] => 88
[139] => 85
[140] => 82
[141] => 75
)
)