House Flipping Report
Neighborhood Data
Grand Rapids, MI 49548
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 Grand Rapids, MI . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Kent 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
Kent County
#4th in MI
#11th 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
$ 139,000
0.09% YoY Change
Latest Monthly Sales Count
973
List Price /sqft
$122
0.04% from last quarter
Reduced Listings /Month
16
0.33% from last quarter
Average Home Sqft
$1,195
-0.12% 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 Kent 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
Kent County
653,786
0.7%
#4th in MI
49548
30,524
#88th 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] => 18840
[country] => USA
[zip] => 49548
[city] => Grand Rapids
[state] => Michigan
[state_abbr] => MI
[county] => Kent
[dma] => 563
[latitude] => 42.8671
[longitude] => -85.6639
[timezone] => -5
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 49548
[zip_name] => grand rapids, mi
[flag] => *
[median_listing_price] => 140000
[median_listing_price_mm] => -0.0348
[median_listing_price_yy] =>
[active_listing_count] => 35
[active_listing_count_mm] => -0.1026
[active_listing_count_yy] => 0.129
[median_days_on_market] => 38
[median_days_on_market_mm] => 0.52
[median_days_on_market_yy] => 0.0556
[new_listing_count] => 12
[new_listing_count_mm] => -0.625
[new_listing_count_yy] => 0
[price_increased_count] => 0
[price_increased_count_mm] =>
[price_increased_count_yy] =>
[price_reduced_count] => 16
[price_reduced_count_mm] => 0.3333
[price_reduced_count_yy] => 1
[pending_listing_count] => 0
[pending_listing_count_mm] =>
[pending_listing_count_yy] =>
[median_listing_price_per_square_feet] => 122
[median_listing_price_per_square_feet_mm] => 0.0435
[median_listing_price_per_square_feet_yy] => 0.0957
[median_square_feet] => 1195
[median_square_feet_mm] => -0.0421
[median_square_feet_yy] => -0.121
[average_listing_price] => 160981
[average_listing_price_mm] => 0.0035
[average_listing_price_yy] => 0.0743
[total_listing_count] => 35
[total_listing_count_mm] => -0.1026
[total_listing_count_yy] => 0
[pending_ratio_mm] => 0
[pending_ratio_yy] => 0
[RegionID] => 79800
[RegionName] => 49548
[State] => MI
[Metro] => Grand Rapids-Wyoming
[County] => Kent County
[City] => Grand Rapids
[SizeRank] => 304
[Zhvi] => 137600
[MoM] => 0.00364697
[QoQ] => 0.00805861
[YoY] => 0.087747
[5Year] => 0.123703
[10Year] => 0.0652955
[PeakMonth] => 2019-09
[PeakQuarter] => 2019-Q3
[PeakZHVI] => 137600
[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] => 30524
[zip_rank] => 88
[state_population] => 9995915
[state_rank] => 10
[state_difference] => 0.195139
[list_prices] => "76900,75200,75400,75000,74900,78450,74900,73700,74900,69900,69900,68900,68000,66700,64900,64999.5,69900,69900,69950,69450,69900,69900,70000,69900,67200,68500,67000,69900,69900,69900,69900,69900,65000,65000,64900,67900,66900,69900,69900,74900,79900,82000,79750,82500,79900,81500,79900,77000,77450,82000,83900,81000,84900,89500,89900,89900,89900,89900,89940,94950,86700,85750,88450,89900,90950,89900,89900,89900,89900,92000,89900,93950,89900,94400,95000,99900,99900,105000,99900,108999.5,104900,112900,110000,119950,119950,119250,118500,118500,119900,119900,119900,124900,119900,120843,119500,120750,120000,121500,125450,129900,132750,134900,134900,138400,139900,129900,136450,139400,138950,134950,139900,139900,149900,144900,145000,149900,143950,137450,135000,139000"
[list_prices_exploded] => Array
(
[0] => 76900
[1] => 75200
[2] => 75400
[3] => 75000
[4] => 74900
[5] => 78450
[6] => 74900
[7] => 73700
[8] => 74900
[9] => 69900
[10] => 69900
[11] => 68900
[12] => 68000
[13] => 66700
[14] => 64900
[15] => 64999.5
[16] => 69900
[17] => 69900
[18] => 69950
[19] => 69450
[20] => 69900
[21] => 69900
[22] => 70000
[23] => 69900
[24] => 67200
[25] => 68500
[26] => 67000
[27] => 69900
[28] => 69900
[29] => 69900
[30] => 69900
[31] => 69900
[32] => 65000
[33] => 65000
[34] => 64900
[35] => 67900
[36] => 66900
[37] => 69900
[38] => 69900
[39] => 74900
[40] => 79900
[41] => 82000
[42] => 79750
[43] => 82500
[44] => 79900
[45] => 81500
[46] => 79900
[47] => 77000
[48] => 77450
[49] => 82000
[50] => 83900
[51] => 81000
[52] => 84900
[53] => 89500
[54] => 89900
[55] => 89900
[56] => 89900
[57] => 89900
[58] => 89940
[59] => 94950
[60] => 86700
[61] => 85750
[62] => 88450
[63] => 89900
[64] => 90950
[65] => 89900
[66] => 89900
[67] => 89900
[68] => 89900
[69] => 92000
[70] => 89900
[71] => 93950
[72] => 89900
[73] => 94400
[74] => 95000
[75] => 99900
[76] => 99900
[77] => 105000
[78] => 99900
[79] => 108999.5
[80] => 104900
[81] => 112900
[82] => 110000
[83] => 119950
[84] => 119950
[85] => 119250
[86] => 118500
[87] => 118500
[88] => 119900
[89] => 119900
[90] => 119900
[91] => 124900
[92] => 119900
[93] => 120843
[94] => 119500
[95] => 120750
[96] => 120000
[97] => 121500
[98] => 125450
[99] => 129900
[100] => 132750
[101] => 134900
[102] => 134900
[103] => 138400
[104] => 139900
[105] => 129900
[106] => 136450
[107] => 139400
[108] => 138950
[109] => 134950
[110] => 139900
[111] => 139900
[112] => 149900
[113] => 144900
[114] => 145000
[115] => 149900
[116] => 143950
[117] => 137450
[118] => 135000
[119] => 139000
)
)
Array
(
[county_name] => Kent
[state] => Michigan
[state_fips] => 26
[county_fips] => 26081
[dma] => 563
[metro_name] => Grand Rapids, MI
[cbsa_name] => Grand Rapids-Wyoming, MI
[county_region_id_zillow] => 201
[metro_region_id_zillow] => 394640
[fips] => 26081
[cbsa_code] => 24340
[population_prior] => 649231
[population] => 653786
[rank] => 4
[difference] => 0.701599277
[region_id] => 201
[sale_counts] => "868,865,837,798,776,733,733,738,714,727,713,820,856,882,824,778,775,803,832,847,864,882,900,917,937,967,939,905,791,669,584,565,621,667,743,824,906,879,818,732,695,699,709,694,684,730,813,904,892,961,920,861,800,763,824,840,881,886,984,1089,1124,1117,1047,1014,982,985,1043,1022,1001,967,925,970,945,959,914,922,963,971,1023,1016,995,986,932,1011,1026,1122,1078,1123,1147,1164,1133,1108,1128,1149,1133,1218,1272,1263,1194,1151,1162,1165,1233,1205,1214,1137,1210,1207,1229,1150,1130,1128,1150,1156,1101,1104,1084,1110,1135,1137,1134,1107,1123,1117,1090,1080,1041,1069,1089,1080,1016,1012,1028,1080,978,895,931,988,1078,1063,1032,973"
[county] => Kent
[flips] => 641
[purchase_price] => 99227
[resale_price] => 165101
[gross_margin] => 65874
[flipcount_rank] => 4
[flipmargin_rank] => 11
[sale_counts_exploded] => Array
(
[0] => 868
[1] => 865
[2] => 837
[3] => 798
[4] => 776
[5] => 733
[6] => 733
[7] => 738
[8] => 714
[9] => 727
[10] => 713
[11] => 820
[12] => 856
[13] => 882
[14] => 824
[15] => 778
[16] => 775
[17] => 803
[18] => 832
[19] => 847
[20] => 864
[21] => 882
[22] => 900
[23] => 917
[24] => 937
[25] => 967
[26] => 939
[27] => 905
[28] => 791
[29] => 669
[30] => 584
[31] => 565
[32] => 621
[33] => 667
[34] => 743
[35] => 824
[36] => 906
[37] => 879
[38] => 818
[39] => 732
[40] => 695
[41] => 699
[42] => 709
[43] => 694
[44] => 684
[45] => 730
[46] => 813
[47] => 904
[48] => 892
[49] => 961
[50] => 920
[51] => 861
[52] => 800
[53] => 763
[54] => 824
[55] => 840
[56] => 881
[57] => 886
[58] => 984
[59] => 1089
[60] => 1124
[61] => 1117
[62] => 1047
[63] => 1014
[64] => 982
[65] => 985
[66] => 1043
[67] => 1022
[68] => 1001
[69] => 967
[70] => 925
[71] => 970
[72] => 945
[73] => 959
[74] => 914
[75] => 922
[76] => 963
[77] => 971
[78] => 1023
[79] => 1016
[80] => 995
[81] => 986
[82] => 932
[83] => 1011
[84] => 1026
[85] => 1122
[86] => 1078
[87] => 1123
[88] => 1147
[89] => 1164
[90] => 1133
[91] => 1108
[92] => 1128
[93] => 1149
[94] => 1133
[95] => 1218
[96] => 1272
[97] => 1263
[98] => 1194
[99] => 1151
[100] => 1162
[101] => 1165
[102] => 1233
[103] => 1205
[104] => 1214
[105] => 1137
[106] => 1210
[107] => 1207
[108] => 1229
[109] => 1150
[110] => 1130
[111] => 1128
[112] => 1150
[113] => 1156
[114] => 1101
[115] => 1104
[116] => 1084
[117] => 1110
[118] => 1135
[119] => 1137
[120] => 1134
[121] => 1107
[122] => 1123
[123] => 1117
[124] => 1090
[125] => 1080
[126] => 1041
[127] => 1069
[128] => 1089
[129] => 1080
[130] => 1016
[131] => 1012
[132] => 1028
[133] => 1080
[134] => 978
[135] => 895
[136] => 931
[137] => 988
[138] => 1078
[139] => 1063
[140] => 1032
[141] => 973
)
)