House Flipping Report
Neighborhood Data
Ann Arbor, MI 48108
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 Ann Arbor, MI . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Washtenaw County , we've been able to rank it against its peer counties within Michigan. To provide an even fuller picture, we also ranked Michigan against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Michigan
#12th in US
#37th in US
Washtenaw County
#9th in MI
#36th in MI
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
$ 300,000
0.02% YoY Change
Latest Monthly Sales Count
479
List Price /sqft
$185
0% from last quarter
Reduced Listings /Month
4
-0.75% from last quarter
Average Home Sqft
$1,787
-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 Washtenaw County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Michigan
9,995,915
0.2%
#10th in US
Washtenaw County
370,963
0.48%
#6th in MI
48108
26,164
#24th in MI
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] => 19376
[country] => USA
[zip] => 48108
[city] => Ann Arbor
[state] => Michigan
[state_abbr] => MI
[county] => Washtenaw
[dma] => 505
[latitude] => 42.2237
[longitude] => -83.7298
[timezone] => -5
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 48108
[zip_name] => ann arbor, mi
[flag] =>
[median_listing_price] => 367755
[median_listing_price_mm] => -0.0106
[median_listing_price_yy] => -0.0895
[active_listing_count] => 57
[active_listing_count_mm] => -0.2192
[active_listing_count_yy] => -0.05
[median_days_on_market] => 61.5
[median_days_on_market_mm] => 0.1604
[median_days_on_market_yy] => 0.1389
[new_listing_count] => 8
[new_listing_count_mm] => -0.75
[new_listing_count_yy] => -0.5
[price_increased_count] => 0
[price_increased_count_mm] =>
[price_increased_count_yy] =>
[price_reduced_count] => 4
[price_reduced_count_mm] => -0.75
[price_reduced_count_yy] => -0.5
[pending_listing_count] => 25
[pending_listing_count_mm] => 0
[pending_listing_count_yy] => -0.0741
[median_listing_price_per_square_feet] => 185
[median_listing_price_per_square_feet_mm] => 1.00E-04
[median_listing_price_per_square_feet_yy] => 0.0318
[median_square_feet] => 1787
[median_square_feet_mm] => -0.077
[median_square_feet_yy] => -0.1429
[average_listing_price] => 405432
[average_listing_price_mm] => -0.0141
[average_listing_price_yy] => 0.0296
[total_listing_count] => 82
[total_listing_count_mm] => -0.1633
[total_listing_count_yy] => 0.4386
[pending_ratio_mm] => 0.0961
[pending_ratio_yy] => -0.0114
[RegionID] => 78980
[RegionName] => 48108
[State] => MI
[Metro] => Ann Arbor
[County] => Washtenaw County
[City] => Ann Arbor
[SizeRank] => 367
[Zhvi] => 298400
[MoM] => 0.00878972
[QoQ] => 0.0296756
[YoY] => 0.0247253
[5Year] => 0.0600778
[10Year] => 0.0586889
[PeakMonth] => 2019-09
[PeakQuarter] => 2019-Q3
[PeakZHVI] => 298400
[PctFallFromPeak] => 0
[LastTimeAtCurrZHVI] => 2019-09
[flips] => 8216
[purchase_price] => 77923
[resale_price] => 131140
[gross_margin] => 53217
[flipcount_rank] => 12
[flipmargin_rank] => 37
[counties] => 83
[zip_population] => 26164
[zip_rank] => 124
[state_population] => 9995915
[state_rank] => 10
[state_difference] => 0.195139
[list_prices] => ",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,371945,368945,367990,369900,362956,365000,350000,369990,369800,365000,369495,348490,325000,324995,339900,348490,340000,319000,325000,323995,326495,287450,3.00E+05"
[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] => 371945
[98] => 368945
[99] => 367990
[100] => 369900
[101] => 362956
[102] => 365000
[103] => 350000
[104] => 369990
[105] => 369800
[106] => 365000
[107] => 369495
[108] => 348490
[109] => 325000
[110] => 324995
[111] => 339900
[112] => 348490
[113] => 340000
[114] => 319000
[115] => 325000
[116] => 323995
[117] => 326495
[118] => 287450
[119] => 3.00E+05
)
)
Array
(
[county_name] => Washtenaw
[state] => Michigan
[state_fips] => 26
[county_fips] => 26161
[dma] => 505
[metro_name] => Ann Arbor, MI
[cbsa_name] => Ann Arbor, MI
[county_region_id_zillow] => 2869
[metro_region_id_zillow] => 394332
[fips] => 26161
[cbsa_code] => 11460
[population_prior] => 369208
[population] => 370963
[rank] => 6
[difference] => 0.475341813
[region_id] => 2869
[sale_counts] => "406,369,350,366,347,351,324,304,354,361,424,383,403,349,333,308,323,345,340,321,328,435,482,502,436,417,386,370,353,337,293,268,258,292,339,357,370,338,341,320,343,342,335,307,292,331,358,427,432,457,403,374,369,383,390,375,379,374,427,480,488,457,414,408,430,433,453,452,443,454,422,430,434,433,424,409,434,440,454,465,484,483,475,509,502,497,449,545,500,514,437,490,467,430,443,481,529,520,511,503,497,499,492,478,462,465,492,539,549,545,531,543,518,504,475,492,491,488,504,493,495,492,488,481,463,456,434,408,411,415,446,461,462,474,467,471,448,446,437,447,433,479"
[county] => Washtenaw
[flips] => 149
[purchase_price] => 174868
[resale_price] => 212500
[gross_margin] => 37632
[flipcount_rank] => 9
[flipmargin_rank] => 36
[sale_counts_exploded] => Array
(
[0] => 406
[1] => 369
[2] => 350
[3] => 366
[4] => 347
[5] => 351
[6] => 324
[7] => 304
[8] => 354
[9] => 361
[10] => 424
[11] => 383
[12] => 403
[13] => 349
[14] => 333
[15] => 308
[16] => 323
[17] => 345
[18] => 340
[19] => 321
[20] => 328
[21] => 435
[22] => 482
[23] => 502
[24] => 436
[25] => 417
[26] => 386
[27] => 370
[28] => 353
[29] => 337
[30] => 293
[31] => 268
[32] => 258
[33] => 292
[34] => 339
[35] => 357
[36] => 370
[37] => 338
[38] => 341
[39] => 320
[40] => 343
[41] => 342
[42] => 335
[43] => 307
[44] => 292
[45] => 331
[46] => 358
[47] => 427
[48] => 432
[49] => 457
[50] => 403
[51] => 374
[52] => 369
[53] => 383
[54] => 390
[55] => 375
[56] => 379
[57] => 374
[58] => 427
[59] => 480
[60] => 488
[61] => 457
[62] => 414
[63] => 408
[64] => 430
[65] => 433
[66] => 453
[67] => 452
[68] => 443
[69] => 454
[70] => 422
[71] => 430
[72] => 434
[73] => 433
[74] => 424
[75] => 409
[76] => 434
[77] => 440
[78] => 454
[79] => 465
[80] => 484
[81] => 483
[82] => 475
[83] => 509
[84] => 502
[85] => 497
[86] => 449
[87] => 545
[88] => 500
[89] => 514
[90] => 437
[91] => 490
[92] => 467
[93] => 430
[94] => 443
[95] => 481
[96] => 529
[97] => 520
[98] => 511
[99] => 503
[100] => 497
[101] => 499
[102] => 492
[103] => 478
[104] => 462
[105] => 465
[106] => 492
[107] => 539
[108] => 549
[109] => 545
[110] => 531
[111] => 543
[112] => 518
[113] => 504
[114] => 475
[115] => 492
[116] => 491
[117] => 488
[118] => 504
[119] => 493
[120] => 495
[121] => 492
[122] => 488
[123] => 481
[124] => 463
[125] => 456
[126] => 434
[127] => 408
[128] => 411
[129] => 415
[130] => 446
[131] => 461
[132] => 462
[133] => 474
[134] => 467
[135] => 471
[136] => 448
[137] => 446
[138] => 437
[139] => 447
[140] => 433
[141] => 479
)
)