House Flipping Report
Neighborhood Data
Elk River, MN 55330
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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 Elk River, MN . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Sherburne 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
Sherburne County
#9th in MN
#12th 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
$ 343,788
0.06% YoY Change
Latest Monthly Sales Count
170
List Price /sqft
$161
0.04% from last quarter
Reduced Listings /Month
20
-0.62% from last quarter
Average Home Sqft
$2,088
-0.09% 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 Sherburne 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
Sherburne County
96,036
1.57%
#12th in MN
55330
36,440
#19th 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.
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