Opelika, AL 36801

Flip Market Report

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 Opelika, AL. If these factors exist, there is a good chance that a successful flip is possible.

By looking at recent sales data in Lee County, we've been able to rank it against its peer counties within Alabama. To provide an even fuller picture, we also ranked Alabama against all other US states.

Region Rank in # of Flips Rank in Flip Profit
Alabama #22nd in US
#42nd in US
Lee County #34th in AL
#32nd in AL

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.

36801 Historical Monthly Listing Prices

Latest Median Sale Price

$ 279,900

0.05% YoY Change
Lee Historical Monthly Home Sales

No Data Available

List Price /sqft

$105

0.03% from last quarter

Reduced Listings /Month

4

-0.67% from last quarter

Avg. Days on Market

98

-0.34% from last year

Average Home Sqft

$2,599

0.07% from last year

Population Rank

In order to successfully flip houses, you need the population of the area to be trending northward, which appears to be the case with Lee County. This is a good sign that flipping a house here will be successful.

Region Population Change YoY Rank
Alabama 4,887,871 0.26% #24th in US
Lee County 163,941 1.42% #8th in AL
36801 22,214 #43rd in AL
Home Searches

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] => 726
    [country] => USA
    [zip] => 36801
    [city] => Opelika
    [state] => Alabama
    [state_abbr] => AL
    [county] => Lee
    [dma] => 522
    [latitude] => 32.6835
    [longitude] => -85.4037
    [timezone] => -6
    [timezone_dst] => 1
    [dttm] => 2019-09-30
    [postal_code] => 36801
    [zip_name] => opelika, al
    [flag] => 
    [median_listing_price] => 264950
    [median_listing_price_mm] => 0.0192
    [median_listing_price_yy] => 0.0287
    [active_listing_count] => 134
    [active_listing_count_mm] => 0.0388
    [active_listing_count_yy] => -0.0563
    [median_days_on_market] => 97.5
    [median_days_on_market_mm] => 0.1471
    [median_days_on_market_yy] => -0.3412
    [new_listing_count] => 24
    [new_listing_count_mm] => -0.1429
    [new_listing_count_yy] => 0.5
    [price_increased_count] => 4
    [price_increased_count_mm] => -0.5
    [price_increased_count_yy] => 0
    [price_reduced_count] => 4
    [price_reduced_count_mm] => -0.6667
    [price_reduced_count_yy] => -0.5
    [pending_listing_count] => 0
    [pending_listing_count_mm] => -1
    [pending_listing_count_yy] => -1
    [median_listing_price_per_square_feet] => 105
    [median_listing_price_per_square_feet_mm] => 0.028
    [median_listing_price_per_square_feet_yy] => 0.0605
    [median_square_feet] => 2599
    [median_square_feet_mm] => 0
    [median_square_feet_yy] => 0.0691
    [average_listing_price] => 293720
    [average_listing_price_mm] => 0.0246
    [average_listing_price_yy] => 0.0578
    [total_listing_count] => 134
    [total_listing_count_mm] => 0.0229
    [total_listing_count_yy] => 0
    [pending_ratio_mm] => -0.0155
    [pending_ratio_yy] => -0.007
    [RegionID] => 74052
    [RegionName] => 36801
    [State] => AL
    [Metro] => Auburn-Opelika
    [County] => Lee County
    [City] => Opelika
    [SizeRank] => 460
    [Zhvi] => 163600
    [MoM] => 0.00122399
    [QoQ] => -0.0168269
    [YoY] => 0.0527671
    [5Year] => 0.0464082
    [10Year] => 0.0115161
    [PeakMonth] => 2019-05
    [PeakQuarter] => 2019-Q2
    [PeakZHVI] => 168400
    [PctFallFromPeak] => -0.0285036
    [LastTimeAtCurrZHVI] => 2019-03
    [flips] => 4436
    [purchase_price] => 85587
    [resale_price] => 131964
    [gross_margin] => 46377
    [flipcount_rank] => 22
    [flipmargin_rank] => 42
    [counties] => 67
    [zip_population] => 22214
    [zip_rank] => 43
    [state_population] => 4887871
    [state_rank] => 24
    [state_difference] => 0.261552
    [list_prices] => ",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,174900,179900,189900,185045,186095,185750,189900,199000,193000,193900,193450,199000,199000,207450,219000,214950,214900,228500,214900,219500,217900,224400,218900,245000,222000,224900,236394,239900,239900,239900,242888,242599,239900,241249,263700,272550,246050,248500,249907,243599,250902,249900,249907,262888,269899,271349,279900"
    [list_prices_exploded] => Array
        (
            [0] => 
            [1] => 
            [2] => 
            [3] => 
            [4] => 
            [5] => 
            [6] => 
            [7] => 
            [8] => 
            [9] => 
            [10] => 
            [11] => 
            [12] => 
            [13] => 
            [14] => 
            [15] => 
            [16] => 
            [17] => 
            [18] => 
            [19] => 
            [20] => 
            [21] => 
            [22] => 
            [23] => 
            [24] => 
            [25] => 
            [26] => 
            [27] => 
            [28] => 
            [29] => 
            [30] => 
            [31] => 
            [32] => 
            [33] => 
            [34] => 
            [35] => 
            [36] => 
            [37] => 
            [38] => 
            [39] => 
            [40] => 
            [41] => 
            [42] => 
            [43] => 
            [44] => 
            [45] => 
            [46] => 
            [47] => 
            [48] => 
            [49] => 
            [50] => 
            [51] => 
            [52] => 
            [53] => 
            [54] => 
            [55] => 
            [56] => 
            [57] => 
            [58] => 
            [59] => 
            [60] => 
            [61] => 
            [62] => 
            [63] => 
            [64] => 
            [65] => 
            [66] => 
            [67] => 
            [68] => 
            [69] => 
            [70] => 
            [71] => 
            [72] => 
            [73] => 174900
            [74] => 179900
            [75] => 189900
            [76] => 185045
            [77] => 186095
            [78] => 185750
            [79] => 189900
            [80] => 199000
            [81] => 193000
            [82] => 193900
            [83] => 193450
            [84] => 199000
            [85] => 199000
            [86] => 207450
            [87] => 219000
            [88] => 214950
            [89] => 214900
            [90] => 228500
            [91] => 214900
            [92] => 219500
            [93] => 217900
            [94] => 224400
            [95] => 218900
            [96] => 245000
            [97] => 222000
            [98] => 224900
            [99] => 236394
            [100] => 239900
            [101] => 239900
            [102] => 239900
            [103] => 242888
            [104] => 242599
            [105] => 239900
            [106] => 241249
            [107] => 263700
            [108] => 272550
            [109] => 246050
            [110] => 248500
            [111] => 249907
            [112] => 243599
            [113] => 250902
            [114] => 249900
            [115] => 249907
            [116] => 262888
            [117] => 269899
            [118] => 271349
            [119] => 279900
        )

)
Array
(
    [county_name] => Lee
    [state] => Alabama
    [state_fips] => 1
    [county_fips] => 1081
    [dma] => 522
    [metro_name] => Auburn, AL
    [cbsa_name] => Auburn-Opelika, AL
    [county_region_id_zillow] => 78
    [metro_region_id_zillow] => 394351
    [fips] => 1081
    [cbsa_code] => 12220
    [population_prior] => 161641
    [population] => 163941
    [rank] => 8
    [difference] => 1.422906317
    [region_id] => 
    [sale_counts] => 
    [county] => Lee
    [flips] => 0
    [purchase_price] => 0
    [resale_price] => 0
    [gross_margin] => 0
    [flipcount_rank] => 34
    [flipmargin_rank] => 32
    [sale_counts_exploded] => Array
        (
            [0] => 
        )

)

Flip Market uses data engineering + AI to help businesses and individuals successfully flip homes.

© 2024 Flip Market  •  Our Methodology  •  Contact  •  Privacy Policy