House Flipping Report
Neighborhood Data
Somerville, TN 38068
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 Somerville, TN . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Fayette County , we've been able to rank it against its peer counties within Tennessee. To provide an even fuller picture, we also ranked Tennessee against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Tennessee
#7th in US
#25th in US
Fayette County
#45th in TN
#3rd in TN
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 Monthly Sales Count
55
Reduced Listings /Month
4
-0.5% 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 Fayette County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Tennessee
6,770,010
0.91%
#16th in US
Fayette County
40,507
1.1%
#38th in TN
38068
10,941
#87th in TN
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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[resale_price] => 196892
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