House Flipping Report
Neighborhood Data
Charlotte, MI 48813
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 Charlotte, MI . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Eaton 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
Eaton County
#26th in MI
#15th 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
$ 152,500
0.04% YoY Change
Latest Monthly Sales Count
172
List Price /sqft
$93
-0.02% from last quarter
Reduced Listings /Month
8
-0.6% from last quarter
Average Home Sqft
$1,880
0.02% 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 Eaton 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
Eaton County
109,826
0.32%
#19th in MI
48813
21,182
#75th 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] => 18540
[country] => USA
[zip] => 48813
[city] => Charlotte
[state] => Michigan
[state_abbr] => MI
[county] => Eaton
[dma] => 551
[latitude] => 42.5671
[longitude] => -84.8195
[timezone] => -5
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 48813
[zip_name] => charlotte, mi
[flag] =>
[median_listing_price] => 193450
[median_listing_price_mm] => 0.0184
[median_listing_price_yy] => 0.1057
[active_listing_count] => 63
[active_listing_count_mm] => -0.087
[active_listing_count_yy] => 0.05
[median_days_on_market] => 77
[median_days_on_market_mm] => 0.3051
[median_days_on_market_yy] => 0.0694
[new_listing_count] => 12
[new_listing_count_mm] => -0.25
[new_listing_count_yy] => 0
[price_increased_count] => 0
[price_increased_count_mm] =>
[price_increased_count_yy] =>
[price_reduced_count] => 8
[price_reduced_count_mm] => -0.6
[price_reduced_count_yy] => 1
[pending_listing_count] => 20
[pending_listing_count_mm] => -0.2857
[pending_listing_count_yy] => -0.375
[median_listing_price_per_square_feet] => 93
[median_listing_price_per_square_feet_mm] => -0.0245
[median_listing_price_per_square_feet_yy] => 0.0737
[median_square_feet] => 1880
[median_square_feet_mm] => -0.0693
[median_square_feet_yy] => 0.0162
[average_listing_price] => 203895
[average_listing_price_mm] => -0.025
[average_listing_price_yy] => 0.1247
[total_listing_count] => 83
[total_listing_count_mm] => -0.1443
[total_listing_count_yy] => 0.3175
[pending_ratio_mm] => -0.0883
[pending_ratio_yy] => -0.2159
[RegionID] => 79389
[RegionName] => 48813
[State] => MI
[Metro] => Lansing-East Lansing
[County] => Eaton County
[City] => Charlotte
[SizeRank] => 542
[Zhvi] => 139200
[MoM] => 0.0116279
[QoQ] => 0.0426966
[YoY] => 0.0434783
[5Year] => 0.071402
[10Year] => 0.0306765
[PeakMonth] => 2019-09
[PeakQuarter] => 2019-Q3
[PeakZHVI] => 139200
[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] => 21182
[zip_rank] => 175
[state_population] => 9995915
[state_rank] => 10
[state_difference] => 0.195139
[list_prices] => "119950,122450,124900,112000,119900,119900,119950,120000,113900,114500,114400,109500,1.00E+05,89900,100400,109900,107000,107000,109900,110900,107000,108000,105000,92450,105000,107950,105000,111750,112700,110700,109900,109900,109900,109500,114500,112500,114947.5,114900,114900,119900,119950,128500,129700,129900,117250,110700,104900,1.00E+05,115000,119900,127000,125950,128700,124950,129900,129900,127900,134900,129900,129900,129900,129900,129900,139200,134900,129900,129900,124900,128500,122450,120750,119675,112400,120750,119900,124900,120000,119900,122400,124900,127100,119950,114950,110000,114900,112400,122450,129900,139500,139900,129900,129900,129900,133700,129900,129900,129900,134900,139700,147500,149450,149900,148700,149900,149900,147500,149950,147200,155700,159900,159900,159900,159900,159900,159900,164900,169900,164950,163000,152500"
[list_prices_exploded] => Array
(
[0] => 119950
[1] => 122450
[2] => 124900
[3] => 112000
[4] => 119900
[5] => 119900
[6] => 119950
[7] => 120000
[8] => 113900
[9] => 114500
[10] => 114400
[11] => 109500
[12] => 1.00E+05
[13] => 89900
[14] => 100400
[15] => 109900
[16] => 107000
[17] => 107000
[18] => 109900
[19] => 110900
[20] => 107000
[21] => 108000
[22] => 105000
[23] => 92450
[24] => 105000
[25] => 107950
[26] => 105000
[27] => 111750
[28] => 112700
[29] => 110700
[30] => 109900
[31] => 109900
[32] => 109900
[33] => 109500
[34] => 114500
[35] => 112500
[36] => 114947.5
[37] => 114900
[38] => 114900
[39] => 119900
[40] => 119950
[41] => 128500
[42] => 129700
[43] => 129900
[44] => 117250
[45] => 110700
[46] => 104900
[47] => 1.00E+05
[48] => 115000
[49] => 119900
[50] => 127000
[51] => 125950
[52] => 128700
[53] => 124950
[54] => 129900
[55] => 129900
[56] => 127900
[57] => 134900
[58] => 129900
[59] => 129900
[60] => 129900
[61] => 129900
[62] => 129900
[63] => 139200
[64] => 134900
[65] => 129900
[66] => 129900
[67] => 124900
[68] => 128500
[69] => 122450
[70] => 120750
[71] => 119675
[72] => 112400
[73] => 120750
[74] => 119900
[75] => 124900
[76] => 120000
[77] => 119900
[78] => 122400
[79] => 124900
[80] => 127100
[81] => 119950
[82] => 114950
[83] => 110000
[84] => 114900
[85] => 112400
[86] => 122450
[87] => 129900
[88] => 139500
[89] => 139900
[90] => 129900
[91] => 129900
[92] => 129900
[93] => 133700
[94] => 129900
[95] => 129900
[96] => 129900
[97] => 134900
[98] => 139700
[99] => 147500
[100] => 149450
[101] => 149900
[102] => 148700
[103] => 149900
[104] => 149900
[105] => 147500
[106] => 149950
[107] => 147200
[108] => 155700
[109] => 159900
[110] => 159900
[111] => 159900
[112] => 159900
[113] => 159900
[114] => 159900
[115] => 164900
[116] => 169900
[117] => 164950
[118] => 163000
[119] => 152500
)
)
Array
(
[county_name] => Eaton
[state] => Michigan
[state_fips] => 26
[county_fips] => 26045
[dma] => 551
[metro_name] => Lansing, MI
[cbsa_name] => Lansing-East Lansing, MI
[county_region_id_zillow] => 493
[metro_region_id_zillow] => 394770
[fips] => 26045
[cbsa_code] => 29620
[population_prior] => 109477
[population] => 109826
[rank] => 19
[difference] => 0.318788421
[region_id] => 493
[sale_counts] => "115,121,112,112,103,101,96,104,108,107,108,116,125,116,111,102,107,104,113,109,117,122,133,139,142,139,135,122,107,88,87,89,93,103,117,134,132,135,125,114,105,106,120,120,120,120,121,139,139,144,133,125,129,122,115,110,121,132,160,179,195,187,164,141,130,132,144,140,139,142,143,139,142,140,142,125,130,124,144,143,160,162,158,157,144,153,148,158,153,158,152,162,154,156,151,171,180,186,180,174,174,173,180,180,181,168,177,182,192,170,168,166,186,181,177,171,165,166,164,170,167,162,178,190,192,175,166,165,159,169,165,174,153,157,152,153,166,163,172,161,161,172"
[county] => Eaton
[flips] => 47
[purchase_price] => 79950
[resale_price] => 144600
[gross_margin] => 64650
[flipcount_rank] => 26
[flipmargin_rank] => 15
[sale_counts_exploded] => Array
(
[0] => 115
[1] => 121
[2] => 112
[3] => 112
[4] => 103
[5] => 101
[6] => 96
[7] => 104
[8] => 108
[9] => 107
[10] => 108
[11] => 116
[12] => 125
[13] => 116
[14] => 111
[15] => 102
[16] => 107
[17] => 104
[18] => 113
[19] => 109
[20] => 117
[21] => 122
[22] => 133
[23] => 139
[24] => 142
[25] => 139
[26] => 135
[27] => 122
[28] => 107
[29] => 88
[30] => 87
[31] => 89
[32] => 93
[33] => 103
[34] => 117
[35] => 134
[36] => 132
[37] => 135
[38] => 125
[39] => 114
[40] => 105
[41] => 106
[42] => 120
[43] => 120
[44] => 120
[45] => 120
[46] => 121
[47] => 139
[48] => 139
[49] => 144
[50] => 133
[51] => 125
[52] => 129
[53] => 122
[54] => 115
[55] => 110
[56] => 121
[57] => 132
[58] => 160
[59] => 179
[60] => 195
[61] => 187
[62] => 164
[63] => 141
[64] => 130
[65] => 132
[66] => 144
[67] => 140
[68] => 139
[69] => 142
[70] => 143
[71] => 139
[72] => 142
[73] => 140
[74] => 142
[75] => 125
[76] => 130
[77] => 124
[78] => 144
[79] => 143
[80] => 160
[81] => 162
[82] => 158
[83] => 157
[84] => 144
[85] => 153
[86] => 148
[87] => 158
[88] => 153
[89] => 158
[90] => 152
[91] => 162
[92] => 154
[93] => 156
[94] => 151
[95] => 171
[96] => 180
[97] => 186
[98] => 180
[99] => 174
[100] => 174
[101] => 173
[102] => 180
[103] => 180
[104] => 181
[105] => 168
[106] => 177
[107] => 182
[108] => 192
[109] => 170
[110] => 168
[111] => 166
[112] => 186
[113] => 181
[114] => 177
[115] => 171
[116] => 165
[117] => 166
[118] => 164
[119] => 170
[120] => 167
[121] => 162
[122] => 178
[123] => 190
[124] => 192
[125] => 175
[126] => 166
[127] => 165
[128] => 159
[129] => 169
[130] => 165
[131] => 174
[132] => 153
[133] => 157
[134] => 152
[135] => 153
[136] => 166
[137] => 163
[138] => 172
[139] => 161
[140] => 161
[141] => 172
)
)