House Flipping Report
Neighborhood Data
Miami, FL 33161
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 Miami, FL . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Miami-Dade 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
Miami-Dade County
#3rd in FL
#11th 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
$ 300,000
0.04% YoY Change
Latest Monthly Sales Count
List Price /sqft
$205
-0% from last quarter
Reduced Listings /Month
36
0.29% from last quarter
Average Home Sqft
$1,244
-0.02% 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 Miami-Dade County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Florida
21,299,325
1.54%
#3rd in US
Miami-Dade County
2,761,581
0.61%
#1st in FL
33161
53,710
#21st 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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