House Flipping Report
Neighborhood Data
New Castle, IN 47362
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 Castle, IN . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Henry 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
Henry County
#39th in IN
#26th 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
$ 80,700
0.05% YoY Change
Latest Monthly Sales Count
88
List Price /sqft
$50
-0.02% from last quarter
Reduced Listings /Month
24
-0.25% from last quarter
Average Home Sqft
$1,434
-0.16% 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 Henry 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
Henry County
48,271
0.05%
#29th in IN
47362
30,243
#57th 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.
Array
(
[zip_id] => 13008
[country] => USA
[zip] => 47362
[city] => New Castle
[state] => Indiana
[state_abbr] => IN
[county] => Henry
[dma] => 527
[latitude] => 39.9501
[longitude] => -85.3718
[timezone] => -5
[timezone_dst] => 0
[dttm] => 2019-09-30
[postal_code] => 47362
[zip_name] => new castle, in
[flag] =>
[median_listing_price] => 79950
[median_listing_price_mm] => 0
[median_listing_price_yy] => 0.1112
[active_listing_count] => 147
[active_listing_count_mm] => -0.1552
[active_listing_count_yy] => -0.087
[median_days_on_market] => 87
[median_days_on_market_mm] => 0.2083
[median_days_on_market_yy] => -0.0114
[new_listing_count] => 36
[new_listing_count_mm] => -0.3077
[new_listing_count_yy] => 0.125
[price_increased_count] => 0
[price_increased_count_mm] => -1
[price_increased_count_yy] =>
[price_reduced_count] => 24
[price_reduced_count_mm] => -0.25
[price_reduced_count_yy] => -0.3333
[pending_listing_count] => 28
[pending_listing_count_mm] => -0.0345
[pending_listing_count_yy] => 1.5455
[median_listing_price_per_square_feet] => 50
[median_listing_price_per_square_feet_mm] => -0.0219
[median_listing_price_per_square_feet_yy] => -0.0728
[median_square_feet] => 1434
[median_square_feet_mm] => 0.0127
[median_square_feet_yy] => -0.1643
[average_listing_price] => 111073
[average_listing_price_mm] => 0.0581
[average_listing_price_yy] => -0.094
[total_listing_count] => 175
[total_listing_count_mm] => -0.1379
[total_listing_count_yy] => 0.1905
[pending_ratio_mm] => 0.0238
[pending_ratio_yy] => 0.1222
[RegionID] => 78560
[RegionName] => 47362
[State] => IN
[Metro] => New Castle
[County] => Henry County
[City] => New Castle
[SizeRank] => 346
[Zhvi] => 79600
[MoM] => 0.00505051
[QoQ] => 0.0218228
[YoY] => 0.0501319
[5Year] => 0.0310945
[10Year] => 0.00924741
[PeakMonth] => 2019-09
[PeakQuarter] => 2019-Q3
[PeakZHVI] => 79600
[PctFallFromPeak] => 0
[LastTimeAtCurrZHVI] => 2019-09
[flips] => 5663
[purchase_price] => 96458
[resale_price] => 160016
[gross_margin] => 63558
[flipcount_rank] => 17
[flipmargin_rank] => 30
[counties] => 92
[zip_population] => 30243
[zip_rank] => 57
[state_population] => 6691878
[state_rank] => 17
[state_difference] => 0.477411
[list_prices] => ",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,82000,85000,92900,94950,88200,84900,78450,78450,85250,87450,79000,77615,75365,75450,79900,79900,79900,82000,80700"
[list_prices_exploded] => Array
(
[0] =>
[1] =>
[2] =>
[3] =>
[4] =>
[5] =>
[6] =>
[7] =>
[8] =>
[9] =>
[10] =>
[11] =>
[12] =>
[13] =>
[14] =>
[15] =>
[16] =>
[17] =>
[18] =>
[19] =>
[20] =>
[21] =>
[22] =>
[23] =>
[24] =>
[25] =>
[26] =>
[27] =>
[28] =>
[29] =>
[30] =>
[31] =>
[32] =>
[33] =>
[34] =>
[35] =>
[36] =>
[37] =>
[38] =>
[39] =>
[40] =>
[41] =>
[42] =>
[43] =>
[44] =>
[45] =>
[46] =>
[47] =>
[48] =>
[49] =>
[50] =>
[51] =>
[52] =>
[53] =>
[54] =>
[55] =>
[56] =>
[57] =>
[58] =>
[59] =>
[60] =>
[61] =>
[62] =>
[63] =>
[64] =>
[65] =>
[66] =>
[67] =>
[68] =>
[69] =>
[70] =>
[71] =>
[72] =>
[73] =>
[74] =>
[75] =>
[76] =>
[77] =>
[78] =>
[79] =>
[80] =>
[81] =>
[82] =>
[83] =>
[84] =>
[85] =>
[86] =>
[87] =>
[88] =>
[89] =>
[90] =>
[91] =>
[92] =>
[93] =>
[94] =>
[95] =>
[96] =>
[97] =>
[98] =>
[99] =>
[100] =>
[101] => 82000
[102] => 85000
[103] => 92900
[104] => 94950
[105] => 88200
[106] => 84900
[107] => 78450
[108] => 78450
[109] => 85250
[110] => 87450
[111] => 79000
[112] => 77615
[113] => 75365
[114] => 75450
[115] => 79900
[116] => 79900
[117] => 79900
[118] => 82000
[119] => 80700
)
)
Array
(
[county_name] => Henry
[state] => Indiana
[state_fips] => 18
[county_fips] => 18065
[dma] => 527
[metro_name] => New Castle, IN
[cbsa_name] => New Castle, IN
[county_region_id_zillow] => 556
[metro_region_id_zillow] => 394906
[fips] => 18065
[cbsa_code] => 35220
[population_prior] => 48247
[population] => 48271
[rank] => 29
[difference] => 0.049744026
[region_id] => 556
[sale_counts] => "74,64,57,60,60,53,50,50,52,50,48,46,44,44,43,45,41,42,45,52,63,70,72,62,49,43,46,55,51,46,38,40,39,46,50,51,49,43,49,47,49,45,55,63,66,66,54,53,43,53,49,50,44,48,52,57,63,60,71,76,77,64,53,55,57,59,55,57,64,69,64,61,62,69,70,67,62,59,55,50,42,41,48,49,56,58,62,69,68,66,69,57,65,63,69,71,66,70,68,73,71,67,61,61,66,77,85,94,92,83,77,68,72,70,71,67,55,46,42,37,37,38,42,41,45,53,64,77,76,76,75,82,74,66,62,65,67,66,68,76,78,88"
[county] => Henry
[flips] => 28
[purchase_price] => 33401
[resale_price] => 106504
[gross_margin] => 73103
[flipcount_rank] => 39
[flipmargin_rank] => 26
[sale_counts_exploded] => Array
(
[0] => 74
[1] => 64
[2] => 57
[3] => 60
[4] => 60
[5] => 53
[6] => 50
[7] => 50
[8] => 52
[9] => 50
[10] => 48
[11] => 46
[12] => 44
[13] => 44
[14] => 43
[15] => 45
[16] => 41
[17] => 42
[18] => 45
[19] => 52
[20] => 63
[21] => 70
[22] => 72
[23] => 62
[24] => 49
[25] => 43
[26] => 46
[27] => 55
[28] => 51
[29] => 46
[30] => 38
[31] => 40
[32] => 39
[33] => 46
[34] => 50
[35] => 51
[36] => 49
[37] => 43
[38] => 49
[39] => 47
[40] => 49
[41] => 45
[42] => 55
[43] => 63
[44] => 66
[45] => 66
[46] => 54
[47] => 53
[48] => 43
[49] => 53
[50] => 49
[51] => 50
[52] => 44
[53] => 48
[54] => 52
[55] => 57
[56] => 63
[57] => 60
[58] => 71
[59] => 76
[60] => 77
[61] => 64
[62] => 53
[63] => 55
[64] => 57
[65] => 59
[66] => 55
[67] => 57
[68] => 64
[69] => 69
[70] => 64
[71] => 61
[72] => 62
[73] => 69
[74] => 70
[75] => 67
[76] => 62
[77] => 59
[78] => 55
[79] => 50
[80] => 42
[81] => 41
[82] => 48
[83] => 49
[84] => 56
[85] => 58
[86] => 62
[87] => 69
[88] => 68
[89] => 66
[90] => 69
[91] => 57
[92] => 65
[93] => 63
[94] => 69
[95] => 71
[96] => 66
[97] => 70
[98] => 68
[99] => 73
[100] => 71
[101] => 67
[102] => 61
[103] => 61
[104] => 66
[105] => 77
[106] => 85
[107] => 94
[108] => 92
[109] => 83
[110] => 77
[111] => 68
[112] => 72
[113] => 70
[114] => 71
[115] => 67
[116] => 55
[117] => 46
[118] => 42
[119] => 37
[120] => 37
[121] => 38
[122] => 42
[123] => 41
[124] => 45
[125] => 53
[126] => 64
[127] => 77
[128] => 76
[129] => 76
[130] => 75
[131] => 82
[132] => 74
[133] => 66
[134] => 62
[135] => 65
[136] => 67
[137] => 66
[138] => 68
[139] => 76
[140] => 78
[141] => 88
)
)