House Flipping Report
Neighborhood Data
Akron, OH 44306
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 Akron, OH . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Summit County , we've been able to rank it against its peer counties within Ohio. To provide an even fuller picture, we also ranked Ohio against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Ohio
#8th in US
#33rd in US
Summit County
#5th in OH
#24th in OH
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
$ 41,450
0.05% YoY Change
Latest Monthly Sales Count
868
List Price /sqft
$44
0.01% from last quarter
Reduced Listings /Month
8
-0.6% from last quarter
Average Home Sqft
$1,053
-0.05% 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 Summit County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Ohio
11,689,442
0.22%
#7th in US
Summit County
541,918
0.03%
#4th in OH
44306
22,492
#74th in OH
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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