House Flipping Report
Neighborhood Data
Salem, AL 36874
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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 Salem, 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.
Latest Median Sale Price
$ 235,900
0.05% YoY Change
List Price /sqft
$108
0.01% from last quarter
Average Home Sqft
$2,205
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 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
36874
7,901
#12th in AL
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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