House Flipping Report
Neighborhood Data
Louisville, KY 40228
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 Louisville, KY . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Jefferson County , we've been able to rank it against its peer counties within Kentucky. To provide an even fuller picture, we also ranked Kentucky against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Kentucky
#30th in US
#28th in US
Jefferson County
#1st in KY
#19th in KY
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
$ 185,000
0.03% YoY Change
Latest Monthly Sales Count
1,316
List Price /sqft
$123
-0.01% from last quarter
Reduced Listings /Month
8
-0.5% from last quarter
Average Home Sqft
$1,600
-0.13% 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 Jefferson County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Kentucky
4,468,402
0.33%
#26th in US
Jefferson County
770,517
0.02%
#1st in KY
40228
15,743
#97th in KY
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] => 14960
[country] => USA
[zip] => 40228
[city] => Louisville
[state] => Kentucky
[state_abbr] => KY
[county] => Jefferson
[dma] => 529
[latitude] => 38.1417
[longitude] => -85.6271
[timezone] => -5
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 40228
[zip_name] => louisville, ky
[flag] =>
[median_listing_price] => 189950
[median_listing_price_mm] => -0.0256
[median_listing_price_yy] => -0.1556
[active_listing_count] => 41
[active_listing_count_mm] => 0.1389
[active_listing_count_yy] => 0.3226
[median_days_on_market] => 35.5
[median_days_on_market_mm] => -0.0405
[median_days_on_market_yy] => -0.1932
[new_listing_count] => 16
[new_listing_count_mm] => -0.3333
[new_listing_count_yy] => 0
[price_increased_count] => 0
[price_increased_count_mm] =>
[price_increased_count_yy] =>
[price_reduced_count] => 8
[price_reduced_count_mm] => -0.5
[price_reduced_count_yy] => 0
[pending_listing_count] => 29
[pending_listing_count_mm] => -0.1212
[pending_listing_count_yy] => 0.5263
[median_listing_price_per_square_feet] => 123
[median_listing_price_per_square_feet_mm] => -0.0116
[median_listing_price_per_square_feet_yy] => 0.1389
[median_square_feet] => 1600
[median_square_feet_mm] => -0.0572
[median_square_feet_yy] => -0.1266
[average_listing_price] => 217416
[average_listing_price_mm] => -0.0133
[average_listing_price_yy] => 0.0027
[total_listing_count] => 70
[total_listing_count_mm] => 0.0145
[total_listing_count_yy] => 0.7073
[pending_ratio_mm] => -0.2093
[pending_ratio_yy] => 0.0944
[RegionID] => 75580
[RegionName] => 40228
[State] => KY
[Metro] => Louisville/Jefferson County
[County] => Jefferson County
[City] => Louisville
[SizeRank] => 628
[Zhvi] => 173300
[MoM] => 0.00405562
[QoQ] => 0.0104956
[YoY] => 0.032162
[5Year] => 0.0485907
[10Year] => 0.0253654
[PeakMonth] => 2019-09
[PeakQuarter] => 2019-Q3
[PeakZHVI] => 173300
[PctFallFromPeak] => 0
[LastTimeAtCurrZHVI] => 2019-09
[flips] => 2308
[purchase_price] => 93599
[resale_price] => 158885
[gross_margin] => 65286
[flipcount_rank] => 30
[flipmargin_rank] => 28
[counties] => 120
[zip_population] => 15743
[zip_rank] => 97
[state_population] => 4468402
[state_rank] => 26
[state_difference] => 0.326187
[list_prices] => "141000,132450,132400,137900,134997.5,134900,132900,129900,129950,132000,129900,127999,125000,125000,126950,127700,129500,127900,127300,125000,126900,126900,128986.5,129103.5,129500,132425,127000,129970,125000,119900,121900,117500,116950,120000,127000,134000,131000,134500,128000,131000,129000,143450,135000,133450,126500,132900,135250,128250,141400,139925,139900,149000,153950,149950,137500,137450,119500,126975,122500,123250,129900,129900,129900,135000,135000,130000,129900,134497.5,138000,144000,129950,139900,140000,139950,139900,149900,156950,160000,167500,170237.5,169900,171200,167700,159000,149900,159950,174950,169900,164500,162450,167450,170239,170000,164900,159900,159900,172900,179500,174500,175000,175000,176900,185500,189900,196250,189900,191200,195250,199000,199000,179250,179500,188000,189900,189900,181450,184950,180900,185000,185000"
[list_prices_exploded] => Array
(
[0] => 141000
[1] => 132450
[2] => 132400
[3] => 137900
[4] => 134997.5
[5] => 134900
[6] => 132900
[7] => 129900
[8] => 129950
[9] => 132000
[10] => 129900
[11] => 127999
[12] => 125000
[13] => 125000
[14] => 126950
[15] => 127700
[16] => 129500
[17] => 127900
[18] => 127300
[19] => 125000
[20] => 126900
[21] => 126900
[22] => 128986.5
[23] => 129103.5
[24] => 129500
[25] => 132425
[26] => 127000
[27] => 129970
[28] => 125000
[29] => 119900
[30] => 121900
[31] => 117500
[32] => 116950
[33] => 120000
[34] => 127000
[35] => 134000
[36] => 131000
[37] => 134500
[38] => 128000
[39] => 131000
[40] => 129000
[41] => 143450
[42] => 135000
[43] => 133450
[44] => 126500
[45] => 132900
[46] => 135250
[47] => 128250
[48] => 141400
[49] => 139925
[50] => 139900
[51] => 149000
[52] => 153950
[53] => 149950
[54] => 137500
[55] => 137450
[56] => 119500
[57] => 126975
[58] => 122500
[59] => 123250
[60] => 129900
[61] => 129900
[62] => 129900
[63] => 135000
[64] => 135000
[65] => 130000
[66] => 129900
[67] => 134497.5
[68] => 138000
[69] => 144000
[70] => 129950
[71] => 139900
[72] => 140000
[73] => 139950
[74] => 139900
[75] => 149900
[76] => 156950
[77] => 160000
[78] => 167500
[79] => 170237.5
[80] => 169900
[81] => 171200
[82] => 167700
[83] => 159000
[84] => 149900
[85] => 159950
[86] => 174950
[87] => 169900
[88] => 164500
[89] => 162450
[90] => 167450
[91] => 170239
[92] => 170000
[93] => 164900
[94] => 159900
[95] => 159900
[96] => 172900
[97] => 179500
[98] => 174500
[99] => 175000
[100] => 175000
[101] => 176900
[102] => 185500
[103] => 189900
[104] => 196250
[105] => 189900
[106] => 191200
[107] => 195250
[108] => 199000
[109] => 199000
[110] => 179250
[111] => 179500
[112] => 188000
[113] => 189900
[114] => 189900
[115] => 181450
[116] => 184950
[117] => 180900
[118] => 185000
[119] => 185000
)
)
Array
(
[county_name] => Jefferson
[state] => Kentucky
[state_fips] => 21
[county_fips] => 21111
[dma] => 529
[metro_name] => Louisville, KY
[cbsa_name] => Louisville/Jefferson County, KY-IN
[county_region_id_zillow] => 2742
[metro_region_id_zillow] => 394807
[fips] => 21111
[cbsa_code] => 31140
[population_prior] => 770377
[population] => 770517
[rank] => 1
[difference] => 0.018172921
[region_id] => 2742
[sale_counts] => "1043,1055,974,945,909,883,870,880,829,798,714,773,794,816,787,814,864,895,900,940,1027,1034,958,900,906,968,991,1014,932,848,727,715,727,754,790,826,879,891,849,809,767,783,799,805,832,830,893,948,979,974,985,899,856,709,789,860,987,992,1046,1115,1178,1159,1137,1157,1187,1200,1194,1191,1135,1107,1082,1121,1134,1135,1113,1092,1112,1120,1149,1142,1151,1169,1194,1215,1177,1156,1147,1246,1294,1299,1276,1239,1103,912,945,1165,1404,1405,1361,1307,1272,1276,1280,1333,1400,1431,1455,1415,1550,1486,1470,1323,1328,1335,1337,1354,1397,1344,1402,1426,1502,1492,1444,1438,1398,1425,1370,1332,1239,1164,1221,1230,1306,1240,1241,1200,1192,1188,1199,1249,1243,1316"
[county] => Jefferson
[flips] => 1041
[purchase_price] => 99553
[resale_price] => 162583
[gross_margin] => 63030
[flipcount_rank] => 1
[flipmargin_rank] => 19
[sale_counts_exploded] => Array
(
[0] => 1043
[1] => 1055
[2] => 974
[3] => 945
[4] => 909
[5] => 883
[6] => 870
[7] => 880
[8] => 829
[9] => 798
[10] => 714
[11] => 773
[12] => 794
[13] => 816
[14] => 787
[15] => 814
[16] => 864
[17] => 895
[18] => 900
[19] => 940
[20] => 1027
[21] => 1034
[22] => 958
[23] => 900
[24] => 906
[25] => 968
[26] => 991
[27] => 1014
[28] => 932
[29] => 848
[30] => 727
[31] => 715
[32] => 727
[33] => 754
[34] => 790
[35] => 826
[36] => 879
[37] => 891
[38] => 849
[39] => 809
[40] => 767
[41] => 783
[42] => 799
[43] => 805
[44] => 832
[45] => 830
[46] => 893
[47] => 948
[48] => 979
[49] => 974
[50] => 985
[51] => 899
[52] => 856
[53] => 709
[54] => 789
[55] => 860
[56] => 987
[57] => 992
[58] => 1046
[59] => 1115
[60] => 1178
[61] => 1159
[62] => 1137
[63] => 1157
[64] => 1187
[65] => 1200
[66] => 1194
[67] => 1191
[68] => 1135
[69] => 1107
[70] => 1082
[71] => 1121
[72] => 1134
[73] => 1135
[74] => 1113
[75] => 1092
[76] => 1112
[77] => 1120
[78] => 1149
[79] => 1142
[80] => 1151
[81] => 1169
[82] => 1194
[83] => 1215
[84] => 1177
[85] => 1156
[86] => 1147
[87] => 1246
[88] => 1294
[89] => 1299
[90] => 1276
[91] => 1239
[92] => 1103
[93] => 912
[94] => 945
[95] => 1165
[96] => 1404
[97] => 1405
[98] => 1361
[99] => 1307
[100] => 1272
[101] => 1276
[102] => 1280
[103] => 1333
[104] => 1400
[105] => 1431
[106] => 1455
[107] => 1415
[108] => 1550
[109] => 1486
[110] => 1470
[111] => 1323
[112] => 1328
[113] => 1335
[114] => 1337
[115] => 1354
[116] => 1397
[117] => 1344
[118] => 1402
[119] => 1426
[120] => 1502
[121] => 1492
[122] => 1444
[123] => 1438
[124] => 1398
[125] => 1425
[126] => 1370
[127] => 1332
[128] => 1239
[129] => 1164
[130] => 1221
[131] => 1230
[132] => 1306
[133] => 1240
[134] => 1241
[135] => 1200
[136] => 1192
[137] => 1188
[138] => 1199
[139] => 1249
[140] => 1243
[141] => 1316
)
)