House Flipping Report
Neighborhood Data
Spencer, IN 47460
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 Spencer, IN . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Owen 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
Owen County
#56th in IN
#11th 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
$ 184,900
0.07% YoY Change
Latest Monthly Sales Count
30
List Price /sqft
$115
0.05% from last quarter
Average Home Sqft
$1,696
-0.14% 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 Owen 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
Owen County
20,845
0.25%
#68th in IN
47460
11,471
#94th 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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