House Flipping Report
Neighborhood Data
Hernando, MS 38632
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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 Hernando, MS . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in DeSoto County , we've been able to rank it against its peer counties within Mississippi. To provide an even fuller picture, we also ranked Mississippi against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Mississippi
#46th in US
#50th in US
DeSoto County
#4th in MS
#9th in MS
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
$ 273,500
0.05% YoY Change
Latest Monthly Sales Count
List Price /sqft
$115
0% from last quarter
Reduced Listings /Month
12
-0.5% from last quarter
Average Home Sqft
$2,811
0.03% 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 DeSoto County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Mississippi
2,986,530
-0.1%
#34th in US
DeSoto County
182,001
1.73%
#3rd in MS
38632
24,377
#31st in MS
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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