House Flipping Report
Neighborhood Data
Monticello, KY 42633
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 Monticello, KY . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Wayne 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
Wayne County
#41st in KY
#20th 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
$ 177,900
0.05% YoY Change
Latest Monthly Sales Count
15
List Price /sqft
$88
0.02% from last quarter
Avg. Days on Market
105
-0.05% from last year
Average Home Sqft
$2,136
even from last year
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 Wayne 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
Kentucky
4,468,402
0.33%
#26th in US
Wayne County
20,468
-0.74%
#55th in KY
42633
20,065
#71st 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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