House Flipping Report
Neighborhood Data
Richmond, KY 40475
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 Richmond, KY . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Madison 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
Madison County
#34th 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
$ 189,900
0.02% YoY Change
Latest Monthly Sales Count
160
List Price /sqft
$111
0.01% from last quarter
Reduced Listings /Month
32
-0.5% from last quarter
Average Home Sqft
$2,070
-0.06% 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 Madison 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
Madison County
92,368
1.25%
#9th in KY
40475
55,803
#1st 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.
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