House Flipping Report
Neighborhood Data
Lake, MS 39092
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 Lake, MS . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Scott 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
Scott County
#20th in MS
#11th 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 Monthly Sales Count
4
In order to successfully flip houses, you need the population of the area to be trending northward, which does not appear to be the case with Scott County . This does not mean a flip wouldn't be successful, but it may be slightly harder to find a buyer.
Region
Population
Change YoY
Rank
Mississippi
2,986,530
-0.1%
#34th in US
Scott County
28,287
-0.5%
#33rd in MS
39092
2,934
#12th 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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