House Flipping Report
Neighborhood Data
Oak Park, MI 48237
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 Oak Park, MI . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Oakland 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
Oakland County
#2nd in MI
#16th 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
$ 144,900
0.1% YoY Change
Latest Monthly Sales Count
2,111
List Price /sqft
$132
0.03% from last quarter
Reduced Listings /Month
12
-0.4% from last quarter
Average Home Sqft
$1,148
0.04% 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 Oakland 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
Oakland County
1,259,201
0.24%
#2nd in MI
48237
29,319
#96th 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] => 19118
[country] => USA
[zip] => 48237
[city] => Oak Park
[state] => Michigan
[state_abbr] => MI
[county] => Oakland
[dma] => 505
[latitude] => 42.4672
[longitude] => -83.1785
[timezone] => -5
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 48237
[zip_name] => oak park, mi
[flag] =>
[median_listing_price] => 155000
[median_listing_price_mm] => 3.00E-04
[median_listing_price_yy] => 0.0912
[active_listing_count] => 39
[active_listing_count_mm] => -0.1875
[active_listing_count_yy] => -0.2909
[median_days_on_market] => 43
[median_days_on_market_mm] => 0.3438
[median_days_on_market_yy] => 0.075
[new_listing_count] => 24
[new_listing_count_mm] => 0
[new_listing_count_yy] => -0.25
[price_increased_count] => 0
[price_increased_count_mm] =>
[price_increased_count_yy] =>
[price_reduced_count] => 12
[price_reduced_count_mm] => -0.4
[price_reduced_count_yy] => 0
[pending_listing_count] => 2
[pending_listing_count_mm] => -0.5
[pending_listing_count_yy] =>
[median_listing_price_per_square_feet] => 132
[median_listing_price_per_square_feet_mm] => 0.0324
[median_listing_price_per_square_feet_yy] => 0.0762
[median_square_feet] => 1148
[median_square_feet_mm] => -0.0271
[median_square_feet_yy] => 0.0361
[average_listing_price] => 165317
[average_listing_price_mm] => 0.0125
[average_listing_price_yy] => 0.0843
[total_listing_count] => 41
[total_listing_count_mm] => -0.2115
[total_listing_count_yy] => 0.0513
[pending_ratio_mm] => -0.0321
[pending_ratio_yy] => 0.0513
[RegionID] => 79092
[RegionName] => 48237
[State] => MI
[Metro] => Detroit-Warren-Dearborn
[County] => Oakland County
[City] => Oak Park
[SizeRank] => 287
[Zhvi] => 150300
[MoM] => 0.000665779
[QoQ] => 0.0107599
[YoY] => 0.0986842
[5Year] => 0.151005
[10Year] => 0.0864394
[PeakMonth] => 2019-09
[PeakQuarter] => 2019-Q3
[PeakZHVI] => 150300
[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] => 29319
[zip_rank] => 96
[state_population] => 9995915
[state_rank] => 10
[state_difference] => 0.195139
[list_prices] => ",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,59900,59900,59900,61400,64900,69900,69900,69900,65450,65900,69900,69900,69900,74900,74900,77000,78000,83900,80000,82950,82000,85900,84500,84500,89900,88500,85000,84950,90000,89450,90000,89900,92000,88950,84500,89900,89900,89900,89900,99500,110000,114900,114950,109900,109900,119900,122000,119900,114900,119300,119900,120000,120900,124900,129900,129900,129700,130000,130000,130000,130000,130000,139900,149900,149900,149900,149900,142500,142250,144900,140000,142164.5,140000,145000,145000,150000,149000,145000,149900,144900,144900,144900,144900"
[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] => 59900
[38] => 59900
[39] => 59900
[40] => 61400
[41] => 64900
[42] => 69900
[43] => 69900
[44] => 69900
[45] => 65450
[46] => 65900
[47] => 69900
[48] => 69900
[49] => 69900
[50] => 74900
[51] => 74900
[52] => 77000
[53] => 78000
[54] => 83900
[55] => 80000
[56] => 82950
[57] => 82000
[58] => 85900
[59] => 84500
[60] => 84500
[61] => 89900
[62] => 88500
[63] => 85000
[64] => 84950
[65] => 90000
[66] => 89450
[67] => 90000
[68] => 89900
[69] => 92000
[70] => 88950
[71] => 84500
[72] => 89900
[73] => 89900
[74] => 89900
[75] => 89900
[76] => 99500
[77] => 110000
[78] => 114900
[79] => 114950
[80] => 109900
[81] => 109900
[82] => 119900
[83] => 122000
[84] => 119900
[85] => 114900
[86] => 119300
[87] => 119900
[88] => 120000
[89] => 120900
[90] => 124900
[91] => 129900
[92] => 129900
[93] => 129700
[94] => 130000
[95] => 130000
[96] => 130000
[97] => 130000
[98] => 130000
[99] => 139900
[100] => 149900
[101] => 149900
[102] => 149900
[103] => 149900
[104] => 142500
[105] => 142250
[106] => 144900
[107] => 140000
[108] => 142164.5
[109] => 140000
[110] => 145000
[111] => 145000
[112] => 150000
[113] => 149000
[114] => 145000
[115] => 149900
[116] => 144900
[117] => 144900
[118] => 144900
[119] => 144900
)
)
Array
(
[county_name] => Oakland
[state] => Michigan
[state_fips] => 26
[county_fips] => 26125
[dma] => 505
[metro_name] => Detroit, MI
[cbsa_name] => Detroit-Warren-Dearborn, MI
[county_region_id_zillow] => 1950
[metro_region_id_zillow] => 394532
[fips] => 26125
[cbsa_code] => 19820
[population_prior] => 1256182
[population] => 1259201
[rank] => 2
[difference] => 0.240331417
[region_id] => 1950
[sale_counts] => "1500,1578,1553,1461,1393,1313,1368,1449,1498,1525,1450,1547,1631,1745,1740,1553,1485,1377,1493,1476,1641,1827,1840,1942,1907,2047,1920,1786,1603,1437,1367,1406,1480,1607,1597,1785,1867,1943,1731,1601,1509,1577,1604,1582,1585,1617,1678,1920,1980,2009,1848,1796,1747,1771,1770,1916,1999,2055,2108,2283,2379,2323,2095,1969,2002,1976,2072,2091,2180,2105,2053,1973,1851,1837,1761,1819,1791,1785,1879,2005,2016,1943,1934,1967,1971,1995,1993,2100,2073,2163,2135,2068,1948,1955,1995,2239,2274,2297,2197,2196,2190,2218,2145,2094,2039,2131,2182,2307,2271,2197,2093,2125,2158,2198,2112,2147,2124,2123,2061,1987,2084,2176,2291,2195,2207,2158,2145,2067,2032,2045,2030,2015,2053,2124,2194,2174,2140,2042,2004,2043,2167,2111"
[county] => Oakland
[flips] => 1044
[purchase_price] => 125000
[resale_price] => 186000
[gross_margin] => 61000
[flipcount_rank] => 2
[flipmargin_rank] => 16
[sale_counts_exploded] => Array
(
[0] => 1500
[1] => 1578
[2] => 1553
[3] => 1461
[4] => 1393
[5] => 1313
[6] => 1368
[7] => 1449
[8] => 1498
[9] => 1525
[10] => 1450
[11] => 1547
[12] => 1631
[13] => 1745
[14] => 1740
[15] => 1553
[16] => 1485
[17] => 1377
[18] => 1493
[19] => 1476
[20] => 1641
[21] => 1827
[22] => 1840
[23] => 1942
[24] => 1907
[25] => 2047
[26] => 1920
[27] => 1786
[28] => 1603
[29] => 1437
[30] => 1367
[31] => 1406
[32] => 1480
[33] => 1607
[34] => 1597
[35] => 1785
[36] => 1867
[37] => 1943
[38] => 1731
[39] => 1601
[40] => 1509
[41] => 1577
[42] => 1604
[43] => 1582
[44] => 1585
[45] => 1617
[46] => 1678
[47] => 1920
[48] => 1980
[49] => 2009
[50] => 1848
[51] => 1796
[52] => 1747
[53] => 1771
[54] => 1770
[55] => 1916
[56] => 1999
[57] => 2055
[58] => 2108
[59] => 2283
[60] => 2379
[61] => 2323
[62] => 2095
[63] => 1969
[64] => 2002
[65] => 1976
[66] => 2072
[67] => 2091
[68] => 2180
[69] => 2105
[70] => 2053
[71] => 1973
[72] => 1851
[73] => 1837
[74] => 1761
[75] => 1819
[76] => 1791
[77] => 1785
[78] => 1879
[79] => 2005
[80] => 2016
[81] => 1943
[82] => 1934
[83] => 1967
[84] => 1971
[85] => 1995
[86] => 1993
[87] => 2100
[88] => 2073
[89] => 2163
[90] => 2135
[91] => 2068
[92] => 1948
[93] => 1955
[94] => 1995
[95] => 2239
[96] => 2274
[97] => 2297
[98] => 2197
[99] => 2196
[100] => 2190
[101] => 2218
[102] => 2145
[103] => 2094
[104] => 2039
[105] => 2131
[106] => 2182
[107] => 2307
[108] => 2271
[109] => 2197
[110] => 2093
[111] => 2125
[112] => 2158
[113] => 2198
[114] => 2112
[115] => 2147
[116] => 2124
[117] => 2123
[118] => 2061
[119] => 1987
[120] => 2084
[121] => 2176
[122] => 2291
[123] => 2195
[124] => 2207
[125] => 2158
[126] => 2145
[127] => 2067
[128] => 2032
[129] => 2045
[130] => 2030
[131] => 2015
[132] => 2053
[133] => 2124
[134] => 2194
[135] => 2174
[136] => 2140
[137] => 2042
[138] => 2004
[139] => 2043
[140] => 2167
[141] => 2111
)
)