House Flipping Report
Neighborhood Data
New Palestine, IN 46163
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 New Palestine, IN . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Hancock County , we've been able to rank it against its peer counties within Indiana. To provide an even fuller picture, we also ranked Indiana against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Indiana
#17th in US
#30th in US
Hancock County
#16th in IN
#34th in IN
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
$ 265,450
0.04% YoY Change
Latest Monthly Sales Count
140
List Price /sqft
$106
-0.02% from last quarter
Reduced Listings /Month
8
-0.6% from last quarter
Average Home Sqft
$2,834
0.07% 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 Hancock County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Indiana
6,691,878
0.48%
#17th in US
Hancock County
76,351
1.88%
#22nd in IN
46163
11,963
#86th in IN
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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