House Flipping Report
Neighborhood Data
Mcdonough, GA 30253
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 Mcdonough, GA . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Henry 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
Henry County
#6th in GA
#75th 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
$ 216,500
0.08% YoY Change
Latest Monthly Sales Count
List Price /sqft
$91
0.04% from last quarter
Reduced Listings /Month
44
even from last quarter
Average Home Sqft
$2,097
0.05% 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 Henry 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
Henry County
230,220
2.09%
#9th in GA
30253
49,380
#36th 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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