House Flipping Report
Neighborhood Data
Myrtle Beach, SC 29572
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 Myrtle Beach, SC . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Horry County , we've been able to rank it against its peer counties within South Carolina. To provide an even fuller picture, we also ranked South Carolina against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
South Carolina
#18th in US
#26th in US
Horry County
#4th in SC
#29th in SC
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
$ 229,5000.05% YoY Change
Latest Monthly Sales Count
List Price /sqft
$190
0.01% from last quarter
Reduced Listings /Month
56
-0.3% from last quarter
Avg. Days on Market
128
-0.04% from last year
Average Home Sqft
$901
-0.22% 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 Horry County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
South Carolina 5,084,127
1.25% #23rd in US
Horry County
344,147
3.46% #4th in SC
29572
7,893
#81st in SC
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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