House Flipping Report
Neighborhood Data
Ottumwa, IA 52501
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 Ottumwa, IA . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Wapello County , we've been able to rank it against its peer counties within Iowa. To provide an even fuller picture, we also ranked Iowa against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Iowa
#32nd in US
#35th in US
Wapello County
#15th in IA
#83rd in IA
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
$ 89,900
0.04% YoY Change
Latest Monthly Sales Count
List Price /sqft
$83
-0.04% from last quarter
Reduced Listings /Month
12
even from last quarter
Average Home Sqft
$1,345
-0.01% 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 Wapello County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Iowa
3,156,145
0.4%
#31st in US
Wapello County
35,205
0.28%
#19th in IA
52501
30,220
#18th in IA
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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