House Flipping Report
Neighborhood Data
Palmetto, FL 34221
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 Palmetto, FL . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Manatee 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
Manatee County
#19th in FL
#27th 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
$ 259,990
0.05% YoY Change
Latest Monthly Sales Count
869
List Price /sqft
$153
-0.01% from last quarter
Reduced Listings /Month
84
0.31% from last quarter
In order to successfully flip houses, you need the population of the area to be trending northward, which appears to be the case with Manatee 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
Manatee County
394,855
2.44%
#15th in FL
34221
39,457
#97th 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.
Array
(
[zip_id] => 7488
[country] => USA
[zip] => 34221
[city] => Palmetto
[state] => Florida
[state_abbr] => FL
[county] => Manatee
[dma] => 539
[latitude] => 27.5748
[longitude] => -82.5503
[timezone] => -5
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 34221
[zip_name] => palmetto, fl
[flag] =>
[median_listing_price] => 271545
[median_listing_price_mm] => -0.001
[median_listing_price_yy] => -0.023
[active_listing_count] => 238
[active_listing_count_mm] => 0.0128
[active_listing_count_yy] => -0.2539
[median_days_on_market] => 72
[median_days_on_market_mm] => -0.0137
[median_days_on_market_yy] => -0.1529
[new_listing_count] => 72
[new_listing_count_mm] => -0.0526
[new_listing_count_yy] => -0.1429
[price_increased_count] => 4
[price_increased_count_mm] => -0.6667
[price_increased_count_yy] => -0.6667
[price_reduced_count] => 84
[price_reduced_count_mm] => 0.3125
[price_reduced_count_yy] => 0.2353
[pending_listing_count] => 92
[pending_listing_count_mm] => -0.2813
[pending_listing_count_yy] => -0.2
[median_listing_price_per_square_feet] => 153
[median_listing_price_per_square_feet_mm] => -0.0097
[median_listing_price_per_square_feet_yy] => 0.0128
[median_square_feet] => 1971
[median_square_feet_mm] => 0.0212
[median_square_feet_yy] => 0.0041
[average_listing_price] => 381214
[average_listing_price_mm] => 0.0164
[average_listing_price_yy] => 0.1495
[total_listing_count] => 330
[total_listing_count_mm] => -0.0909
[total_listing_count_yy] => 0.3866
[pending_ratio_mm] => -0.1581
[pending_ratio_yy] => 0.0261
[RegionID] => 73043
[RegionName] => 34221
[State] => FL
[Metro] => North Port-Sarasota-Bradenton
[County] => Manatee County
[City] => Palmetto
[SizeRank] => 719
[Zhvi] => 224500
[MoM] => 0.00312779
[QoQ] => 0.00944245
[YoY] => 0.0490654
[5Year] => 0.0924209
[10Year] => 0.0617575
[PeakMonth] => 2006-06
[PeakQuarter] => 2006-Q2
[PeakZHVI] => 251100
[PctFallFromPeak] => -0.105934
[LastTimeAtCurrZHVI] => 2005-08
[flips] => 31570
[purchase_price] => 148147
[resale_price] => 213488
[gross_margin] => 65341
[flipcount_rank] => 1
[flipmargin_rank] => 27
[counties] => 67
[zip_population] => 39457
[zip_rank] => 97
[state_population] => 21299325
[state_rank] => 3
[state_difference] => 1.537473
[list_prices] => "199000,184950,187950,179000,171900,169900,173950,165000,159950,163250,159950,152450,149990,149900,149900,148990,148990,146520,149128,149900,143945,148920,146990,149500,154945,158990,145000,148990,145000,141900,142990,139900,139949.5,149900,145580,149500,155900,157650,155000,149900,146425,147075,156900,157525,159000,159900,169900,169000,170750,180900,182999,189000,176900,174900,188500,189900,194992.5,189900,199000,199900,212325,225000,213950,215028,217445,216950,223000,229000,224900,229900,230494,230494,230944,225000,229450,234000,229335,225000,234000,236990,239000,240000,238490,242950,245000,249900,248500,249900,250000,253945,255885,253990,259900,260705,259900,259888,255935,259990,269450,273290,272990,275000,266330,269900,274150,267900,264900,262925,269000,271445,263995,259000,259945,259900,259990,260000,260990,260000,259990,259990"
[list_prices_exploded] => Array
(
[0] => 199000
[1] => 184950
[2] => 187950
[3] => 179000
[4] => 171900
[5] => 169900
[6] => 173950
[7] => 165000
[8] => 159950
[9] => 163250
[10] => 159950
[11] => 152450
[12] => 149990
[13] => 149900
[14] => 149900
[15] => 148990
[16] => 148990
[17] => 146520
[18] => 149128
[19] => 149900
[20] => 143945
[21] => 148920
[22] => 146990
[23] => 149500
[24] => 154945
[25] => 158990
[26] => 145000
[27] => 148990
[28] => 145000
[29] => 141900
[30] => 142990
[31] => 139900
[32] => 139949.5
[33] => 149900
[34] => 145580
[35] => 149500
[36] => 155900
[37] => 157650
[38] => 155000
[39] => 149900
[40] => 146425
[41] => 147075
[42] => 156900
[43] => 157525
[44] => 159000
[45] => 159900
[46] => 169900
[47] => 169000
[48] => 170750
[49] => 180900
[50] => 182999
[51] => 189000
[52] => 176900
[53] => 174900
[54] => 188500
[55] => 189900
[56] => 194992.5
[57] => 189900
[58] => 199000
[59] => 199900
[60] => 212325
[61] => 225000
[62] => 213950
[63] => 215028
[64] => 217445
[65] => 216950
[66] => 223000
[67] => 229000
[68] => 224900
[69] => 229900
[70] => 230494
[71] => 230494
[72] => 230944
[73] => 225000
[74] => 229450
[75] => 234000
[76] => 229335
[77] => 225000
[78] => 234000
[79] => 236990
[80] => 239000
[81] => 240000
[82] => 238490
[83] => 242950
[84] => 245000
[85] => 249900
[86] => 248500
[87] => 249900
[88] => 250000
[89] => 253945
[90] => 255885
[91] => 253990
[92] => 259900
[93] => 260705
[94] => 259900
[95] => 259888
[96] => 255935
[97] => 259990
[98] => 269450
[99] => 273290
[100] => 272990
[101] => 275000
[102] => 266330
[103] => 269900
[104] => 274150
[105] => 267900
[106] => 264900
[107] => 262925
[108] => 269000
[109] => 271445
[110] => 263995
[111] => 259000
[112] => 259945
[113] => 259900
[114] => 259990
[115] => 260000
[116] => 260990
[117] => 260000
[118] => 259990
[119] => 259990
)
)
Array
(
[county_name] => Manatee
[state] => Florida
[state_fips] => 12
[county_fips] => 12081
[dma] => 539
[metro_name] => Bradenton, FL
[cbsa_name] => North Port-Sarasota-Bradenton, FL
[county_region_id_zillow] => 1916
[metro_region_id_zillow] => 753906
[fips] => 12081
[cbsa_code] => 35840
[population_prior] => 385450
[population] => 394855
[rank] => 15
[difference] => 2.440005189
[region_id] => 1916
[sale_counts] => "336,333,339,359,370,355,359,358,358,349,351,372,391,384,373,374,388,406,435,451,493,500,500,497,508,514,507,514,518,527,511,499,500,507,557,588,604,592,547,540,513,519,523,517,535,523,586,620,637,607,602,604,603,586,602,636,698,690,789,786,822,769,755,738,730,728,744,739,744,726,735,736,750,734,717,734,737,758,769,790,842,852,851,825,815,807,803,868,868,839,780,768,778,765,761,760,758,748,739,745,743,746,751,748,750,730,746,744,761,735,767,768,768,772,746,749,733,759,818,831,834,832,837,838,824,842,827,819,792,819,855,854,851,823,835,812,826,816,866,843,862,869"
[county] => Manatee
[flips] => 483
[purchase_price] => 170000
[resale_price] => 230000
[gross_margin] => 60000
[flipcount_rank] => 19
[flipmargin_rank] => 27
[sale_counts_exploded] => Array
(
[0] => 336
[1] => 333
[2] => 339
[3] => 359
[4] => 370
[5] => 355
[6] => 359
[7] => 358
[8] => 358
[9] => 349
[10] => 351
[11] => 372
[12] => 391
[13] => 384
[14] => 373
[15] => 374
[16] => 388
[17] => 406
[18] => 435
[19] => 451
[20] => 493
[21] => 500
[22] => 500
[23] => 497
[24] => 508
[25] => 514
[26] => 507
[27] => 514
[28] => 518
[29] => 527
[30] => 511
[31] => 499
[32] => 500
[33] => 507
[34] => 557
[35] => 588
[36] => 604
[37] => 592
[38] => 547
[39] => 540
[40] => 513
[41] => 519
[42] => 523
[43] => 517
[44] => 535
[45] => 523
[46] => 586
[47] => 620
[48] => 637
[49] => 607
[50] => 602
[51] => 604
[52] => 603
[53] => 586
[54] => 602
[55] => 636
[56] => 698
[57] => 690
[58] => 789
[59] => 786
[60] => 822
[61] => 769
[62] => 755
[63] => 738
[64] => 730
[65] => 728
[66] => 744
[67] => 739
[68] => 744
[69] => 726
[70] => 735
[71] => 736
[72] => 750
[73] => 734
[74] => 717
[75] => 734
[76] => 737
[77] => 758
[78] => 769
[79] => 790
[80] => 842
[81] => 852
[82] => 851
[83] => 825
[84] => 815
[85] => 807
[86] => 803
[87] => 868
[88] => 868
[89] => 839
[90] => 780
[91] => 768
[92] => 778
[93] => 765
[94] => 761
[95] => 760
[96] => 758
[97] => 748
[98] => 739
[99] => 745
[100] => 743
[101] => 746
[102] => 751
[103] => 748
[104] => 750
[105] => 730
[106] => 746
[107] => 744
[108] => 761
[109] => 735
[110] => 767
[111] => 768
[112] => 768
[113] => 772
[114] => 746
[115] => 749
[116] => 733
[117] => 759
[118] => 818
[119] => 831
[120] => 834
[121] => 832
[122] => 837
[123] => 838
[124] => 824
[125] => 842
[126] => 827
[127] => 819
[128] => 792
[129] => 819
[130] => 855
[131] => 854
[132] => 851
[133] => 823
[134] => 835
[135] => 812
[136] => 826
[137] => 816
[138] => 866
[139] => 843
[140] => 862
[141] => 869
)
)