House Flipping Report
Neighborhood Data
Covington, GA 30016
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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 Covington, GA . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Newton County , we've been able to rank it against its peer counties within Georgia. To provide an even fuller picture, we also ranked Georgia against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Georgia
#4th in US
#32nd in US
Newton County
#13th in GA
#52nd in GA
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
$ 189,900
0.14% YoY Change
Latest Monthly Sales Count
List Price /sqft
$92
even from last quarter
Reduced Listings /Month
80
-0.38% from last quarter
Average Home Sqft
$1,761
-0.04% 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 Newton County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Georgia
10,519,475
1.02%
#8th in US
Newton County
109,541
1.49%
#23rd in GA
30016
51,140
#28th in GA
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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