House Flipping Report
Neighborhood Data
Farmington, MN 55024
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 Farmington, MN . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Dakota County , we've been able to rank it against its peer counties within Minnesota. To provide an even fuller picture, we also ranked Minnesota against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Minnesota
#24th in US
#24th in US
Dakota County
#4th in MN
#30th in MN
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
$ 299,000
0.05% YoY Change
Latest Monthly Sales Count
768
List Price /sqft
$146
0.01% from last quarter
Reduced Listings /Month
12
-0.57% from last quarter
Average Home Sqft
$2,023
-0.03% 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 Dakota County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Minnesota
5,611,179
0.77%
#22nd in US
Dakota County
425,423
0.85%
#3rd in MN
55024
32,406
#29th in MN
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] => 19723
[country] => USA
[zip] => 55024
[city] => Farmington
[state] => Minnesota
[state_abbr] => MN
[county] => Dakota
[dma] => 613
[latitude] => 44.6309
[longitude] => -93.1287
[timezone] => -6
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 55024
[zip_name] => farmington, mn
[flag] => *
[median_listing_price] => 309950
[median_listing_price_mm] => -0.0465
[median_listing_price_yy] =>
[active_listing_count] => 60
[active_listing_count_mm] => -0.2941
[active_listing_count_yy] => -0.1304
[median_days_on_market] => 57.5
[median_days_on_market_mm] => 0.0088
[median_days_on_market_yy] => 0.0455
[new_listing_count] => 28
[new_listing_count_mm] => 0
[new_listing_count_yy] => 0.1667
[price_increased_count] => 0
[price_increased_count_mm] =>
[price_increased_count_yy] =>
[price_reduced_count] => 12
[price_reduced_count_mm] => -0.5714
[price_reduced_count_yy] => -0.25
[pending_listing_count] => 43
[pending_listing_count_mm] => -0.1042
[pending_listing_count_yy] => -0.2037
[median_listing_price_per_square_feet] => 146
[median_listing_price_per_square_feet_mm] => 0.0108
[median_listing_price_per_square_feet_yy] => -2.00E-0
[median_square_feet] => 2023
[median_square_feet_mm] => -0.0314
[median_square_feet_yy] => -0.0346
[average_listing_price] => 329313
[average_listing_price_mm] => 0.0053
[average_listing_price_yy] => 0.0017
[total_listing_count] => 103
[total_listing_count_mm] => -0.2256
[total_listing_count_yy] => 0.7167
[pending_ratio_mm] => 0.152
[pending_ratio_yy] => -0.0659
[RegionID] => 82047
[RegionName] => 55024
[State] => MN
[Metro] => Minneapolis-St. Paul-Bloomington
[County] => Dakota County
[City] => Farmington
[SizeRank] => 332
[Zhvi] => 287900
[MoM] => 0.00418556
[QoQ] => 0.0115952
[YoY] => 0.0511135
[5Year] => 0.0559433
[10Year] => 0.0356093
[PeakMonth] => 2019-09
[PeakQuarter] => 2019-Q3
[PeakZHVI] => 287900
[PctFallFromPeak] => 0
[LastTimeAtCurrZHVI] => 2019-09
[flips] => 3652
[purchase_price] => 166187
[resale_price] => 237044
[gross_margin] => 70857
[flipcount_rank] => 24
[flipmargin_rank] => 24
[counties] => 87
[zip_population] => 32406
[zip_rank] => 29
[state_population] => 5611179
[state_rank] => 22
[state_difference] => 0.772679
[list_prices] => "198900,191450,199900,202500,214900,212000,199900,199900,199900,199900,199500,189200,189900,186500,180000,178950,179900,169950,164900,161250,160000,169000,159900,155900,149900,149900,155500,164900,164900,172400,177900,177650,175200,170950,199250,199500,192450,192250,188000,189950,198900,199900,191450,202450,209900,212000,219900,225000,224900,229999,229999,234700,229000,229450,223450,225680,225000,229900,235000,229700,235000,236900,249900,239900,234945,234900,232950,239750,240688,239900,239900,232450,242400,239900,250000,249500,249000,249000,249000,245000,250000,259900,255500,263000,264900,275000,275000,276400,270750,269900,269900,264950,259700,266500,265400,259950,287450,282000,284500,265000,269900,279900,274900,274720,274900,272805,269900,267450,271850,279450,294900,299900,299500,299900,3.00E+05,304000,299900,299900,309900,299000"
[list_prices_exploded] => Array
(
[0] => 198900
[1] => 191450
[2] => 199900
[3] => 202500
[4] => 214900
[5] => 212000
[6] => 199900
[7] => 199900
[8] => 199900
[9] => 199900
[10] => 199500
[11] => 189200
[12] => 189900
[13] => 186500
[14] => 180000
[15] => 178950
[16] => 179900
[17] => 169950
[18] => 164900
[19] => 161250
[20] => 160000
[21] => 169000
[22] => 159900
[23] => 155900
[24] => 149900
[25] => 149900
[26] => 155500
[27] => 164900
[28] => 164900
[29] => 172400
[30] => 177900
[31] => 177650
[32] => 175200
[33] => 170950
[34] => 199250
[35] => 199500
[36] => 192450
[37] => 192250
[38] => 188000
[39] => 189950
[40] => 198900
[41] => 199900
[42] => 191450
[43] => 202450
[44] => 209900
[45] => 212000
[46] => 219900
[47] => 225000
[48] => 224900
[49] => 229999
[50] => 229999
[51] => 234700
[52] => 229000
[53] => 229450
[54] => 223450
[55] => 225680
[56] => 225000
[57] => 229900
[58] => 235000
[59] => 229700
[60] => 235000
[61] => 236900
[62] => 249900
[63] => 239900
[64] => 234945
[65] => 234900
[66] => 232950
[67] => 239750
[68] => 240688
[69] => 239900
[70] => 239900
[71] => 232450
[72] => 242400
[73] => 239900
[74] => 250000
[75] => 249500
[76] => 249000
[77] => 249000
[78] => 249000
[79] => 245000
[80] => 250000
[81] => 259900
[82] => 255500
[83] => 263000
[84] => 264900
[85] => 275000
[86] => 275000
[87] => 276400
[88] => 270750
[89] => 269900
[90] => 269900
[91] => 264950
[92] => 259700
[93] => 266500
[94] => 265400
[95] => 259950
[96] => 287450
[97] => 282000
[98] => 284500
[99] => 265000
[100] => 269900
[101] => 279900
[102] => 274900
[103] => 274720
[104] => 274900
[105] => 272805
[106] => 269900
[107] => 267450
[108] => 271850
[109] => 279450
[110] => 294900
[111] => 299900
[112] => 299500
[113] => 299900
[114] => 3.00E+05
[115] => 304000
[116] => 299900
[117] => 299900
[118] => 309900
[119] => 299000
)
)
Array
(
[county_name] => Dakota
[state] => Minnesota
[state_fips] => 27
[county_fips] => 27037
[dma] => 613
[metro_name] => Minneapolis, MN
[cbsa_name] => Minneapolis-St. Paul-Bloomington, MN-WI
[county_region_id_zillow] => 971
[metro_region_id_zillow] => 394865
[fips] => 27037
[cbsa_code] => 33460
[population_prior] => 421821
[population] => 425423
[rank] => 3
[difference] => 0.853916709
[region_id] => 971
[sale_counts] => "474,476,399,388,389,385,389,394,388,370,365,404,433,434,390,378,370,395,416,436,481,495,476,510,498,517,445,429,378,338,296,279,311,291,353,409,532,516,454,333,315,332,388,413,430,448,501,590,648,639,543,482,431,454,463,507,467,458,582,658,719,586,541,479,486,495,535,524,517,512,544,626,600,571,485,495,489,477,487,510,524,535,502,577,588,657,606,639,624,644,614,606,583,586,616,680,698,676,639,646,660,667,659,644,641,625,622,659,681,679,641,637,647,636,616,604,619,611,622,654,666,696,658,669,656,658,649,663,678,649,618,653,687,706,668,675,702,721,716,737,779,768"
[county] => Dakota
[flips] => 299
[purchase_price] => 186087
[resale_price] => 236835
[gross_margin] => 50748
[flipcount_rank] => 4
[flipmargin_rank] => 30
[sale_counts_exploded] => Array
(
[0] => 474
[1] => 476
[2] => 399
[3] => 388
[4] => 389
[5] => 385
[6] => 389
[7] => 394
[8] => 388
[9] => 370
[10] => 365
[11] => 404
[12] => 433
[13] => 434
[14] => 390
[15] => 378
[16] => 370
[17] => 395
[18] => 416
[19] => 436
[20] => 481
[21] => 495
[22] => 476
[23] => 510
[24] => 498
[25] => 517
[26] => 445
[27] => 429
[28] => 378
[29] => 338
[30] => 296
[31] => 279
[32] => 311
[33] => 291
[34] => 353
[35] => 409
[36] => 532
[37] => 516
[38] => 454
[39] => 333
[40] => 315
[41] => 332
[42] => 388
[43] => 413
[44] => 430
[45] => 448
[46] => 501
[47] => 590
[48] => 648
[49] => 639
[50] => 543
[51] => 482
[52] => 431
[53] => 454
[54] => 463
[55] => 507
[56] => 467
[57] => 458
[58] => 582
[59] => 658
[60] => 719
[61] => 586
[62] => 541
[63] => 479
[64] => 486
[65] => 495
[66] => 535
[67] => 524
[68] => 517
[69] => 512
[70] => 544
[71] => 626
[72] => 600
[73] => 571
[74] => 485
[75] => 495
[76] => 489
[77] => 477
[78] => 487
[79] => 510
[80] => 524
[81] => 535
[82] => 502
[83] => 577
[84] => 588
[85] => 657
[86] => 606
[87] => 639
[88] => 624
[89] => 644
[90] => 614
[91] => 606
[92] => 583
[93] => 586
[94] => 616
[95] => 680
[96] => 698
[97] => 676
[98] => 639
[99] => 646
[100] => 660
[101] => 667
[102] => 659
[103] => 644
[104] => 641
[105] => 625
[106] => 622
[107] => 659
[108] => 681
[109] => 679
[110] => 641
[111] => 637
[112] => 647
[113] => 636
[114] => 616
[115] => 604
[116] => 619
[117] => 611
[118] => 622
[119] => 654
[120] => 666
[121] => 696
[122] => 658
[123] => 669
[124] => 656
[125] => 658
[126] => 649
[127] => 663
[128] => 678
[129] => 649
[130] => 618
[131] => 653
[132] => 687
[133] => 706
[134] => 668
[135] => 675
[136] => 702
[137] => 721
[138] => 716
[139] => 737
[140] => 779
[141] => 768
)
)