House Flipping Report
Neighborhood Data
Key West, FL 33040
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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 Key West, FL . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Monroe County , we've been able to rank it against its peer counties within Florida. To provide an even fuller picture, we also ranked Florida against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Florida
#1st in US
#27th in US
Monroe County
#39th in FL
#48th in FL
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
$ 815,000
-0% YoY Change
List Price /sqft
$671
0% from last quarter
Reduced Listings /Month
56
0.27% from last quarter
Average Home Sqft
$1,461
0.22% from last year
In order to successfully flip houses, you need the population of the area to be trending northward, which does not appear to be the case with Monroe County . This does not mean a flip wouldn't be successful, but it may be slightly harder to find a buyer.
Region
Population
Change YoY
Rank
Florida
21,299,325
1.54%
#3rd in US
Monroe County
75,027
-2.1%
#38th in FL
33040
32,891
#63rd in FL
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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