House Flipping Report
Neighborhood Data
Lexington, KY 40502
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 Lexington, KY . 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 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
Fayette County
#4th in KY
#40th 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
$ 422,450
0.06% YoY Change
Latest Monthly Sales Count
593
List Price /sqft
$177
-0.02% from last quarter
Reduced Listings /Month
12
-0.57% from last quarter
Average Home Sqft
$2,508
-0.09% 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 Fayette 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
Fayette County
323,780
0.49%
#2nd in KY
40502
25,709
#46th 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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