House Flipping Report
Neighborhood Data
Hamel, MN 55340
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 Hamel, MN . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Hennepin 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
Hennepin County
#1st in MN
#15th 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
$ 525,553
0.01% YoY Change
Latest Monthly Sales Count
2,210
List Price /sqft
$195
0.02% from last quarter
Reduced Listings /Month
4
-0.5% from last quarter
Average Home Sqft
$3,734
-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 Hennepin 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
Hennepin County
1,259,428
0.9%
#1st in MN
55340
6,327
#9th 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] => 19819
[country] => USA
[zip] => 55340
[city] => Hamel
[state] => Minnesota
[state_abbr] => MN
[county] => Hennepin
[dma] => 613
[latitude] => 45.0788
[longitude] => -93.5793
[timezone] => -6
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 55340
[zip_name] => hamel, mn
[flag] =>
[median_listing_price] => 699950
[median_listing_price_mm] => 0
[median_listing_price_yy] => 0.0768
[active_listing_count] => 49
[active_listing_count_mm] => -0.1404
[active_listing_count_yy] => -0.0755
[median_days_on_market] => 77
[median_days_on_market_mm] => 0.1
[median_days_on_market_yy] => 0.0267
[new_listing_count] => 8
[new_listing_count_mm] => -0.3333
[new_listing_count_yy] => 0
[price_increased_count] => 0
[price_increased_count_mm] =>
[price_increased_count_yy] =>
[price_reduced_count] => 4
[price_reduced_count_mm] => -0.5
[price_reduced_count_yy] => 0
[pending_listing_count] => 19
[pending_listing_count_mm] => -0.2083
[pending_listing_count_yy] => 0.9
[median_listing_price_per_square_feet] => 195
[median_listing_price_per_square_feet_mm] => 0.0201
[median_listing_price_per_square_feet_yy] => 0.058
[median_square_feet] => 3734
[median_square_feet_mm] => -0.1289
[median_square_feet_yy] => -0.017
[average_listing_price] => 1023232
[average_listing_price_mm] => 0.0431
[average_listing_price_yy] => 0.2666
[total_listing_count] => 68
[total_listing_count_mm] => -0.1605
[total_listing_count_yy] => 0.3878
[pending_ratio_mm] => -0.0333
[pending_ratio_yy] => 0.1991
[RegionID] => 82192
[RegionName] => 55340
[State] => MN
[Metro] => Minneapolis-St. Paul-Bloomington
[County] => Hennepin County
[City] => Medina
[SizeRank] => 993
[Zhvi] => 484700
[MoM] => 0.00518457
[QoQ] => 0.0108446
[YoY] => 0.0125339
[5Year] => 0.0483353
[10Year] => 0.0224756
[PeakMonth] => 2019-03
[PeakQuarter] => 2019-Q1
[PeakZHVI] => 493700
[PctFallFromPeak] => -0.0182297
[LastTimeAtCurrZHVI] => 2018-11
[flips] => 3652
[purchase_price] => 166187
[resale_price] => 237044
[gross_margin] => 70857
[flipcount_rank] => 24
[flipmargin_rank] => 24
[counties] => 87
[zip_population] => 6327
[zip_rank] => 209
[state_population] => 5611179
[state_rank] => 22
[state_difference] => 0.772679
[list_prices] => ",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,595990,594990,611990,610990,594990,577490,549990,573990,563990,568990,545445,529945,544990,568990,596990,572990,583990,555995,543990,551990,574950,614992.5,541990,552490,555492.5,556992.5,555995,556990,556990,564990,550990,551990,548990,553490,631995,561990,560490,576490,573990,577490,579490,593247.5,617200,619600,596995,592990,598447.5,584490,574995,579490,598447.5,609995,608990,609492.5,630890,583990,618990,621740,577990,585990,600055,593072.5,589990,581990,571990,575000,571990,571490,562990,564990,560990,573490,548445,544990,541445,525000,518990,540000,539900,527990,525552.5"
[list_prices_exploded] => Array
(
[0] =>
[1] =>
[2] =>
[3] =>
[4] =>
[5] =>
[6] =>
[7] =>
[8] =>
[9] =>
[10] =>
[11] =>
[12] =>
[13] =>
[14] =>
[15] =>
[16] =>
[17] =>
[18] =>
[19] =>
[20] =>
[21] =>
[22] =>
[23] =>
[24] =>
[25] =>
[26] =>
[27] =>
[28] =>
[29] =>
[30] =>
[31] =>
[32] =>
[33] =>
[34] =>
[35] =>
[36] =>
[37] =>
[38] =>
[39] => 595990
[40] => 594990
[41] => 611990
[42] => 610990
[43] => 594990
[44] => 577490
[45] => 549990
[46] => 573990
[47] => 563990
[48] => 568990
[49] => 545445
[50] => 529945
[51] => 544990
[52] => 568990
[53] => 596990
[54] => 572990
[55] => 583990
[56] => 555995
[57] => 543990
[58] => 551990
[59] => 574950
[60] => 614992.5
[61] => 541990
[62] => 552490
[63] => 555492.5
[64] => 556992.5
[65] => 555995
[66] => 556990
[67] => 556990
[68] => 564990
[69] => 550990
[70] => 551990
[71] => 548990
[72] => 553490
[73] => 631995
[74] => 561990
[75] => 560490
[76] => 576490
[77] => 573990
[78] => 577490
[79] => 579490
[80] => 593247.5
[81] => 617200
[82] => 619600
[83] => 596995
[84] => 592990
[85] => 598447.5
[86] => 584490
[87] => 574995
[88] => 579490
[89] => 598447.5
[90] => 609995
[91] => 608990
[92] => 609492.5
[93] => 630890
[94] => 583990
[95] => 618990
[96] => 621740
[97] => 577990
[98] => 585990
[99] => 600055
[100] => 593072.5
[101] => 589990
[102] => 581990
[103] => 571990
[104] => 575000
[105] => 571990
[106] => 571490
[107] => 562990
[108] => 564990
[109] => 560990
[110] => 573490
[111] => 548445
[112] => 544990
[113] => 541445
[114] => 525000
[115] => 518990
[116] => 540000
[117] => 539900
[118] => 527990
[119] => 525552.5
)
)
Array
(
[county_name] => Hennepin
[state] => Minnesota
[state_fips] => 27
[county_fips] => 27053
[dma] => 613
[metro_name] => Minneapolis, MN
[cbsa_name] => Minneapolis-St. Paul-Bloomington, MN-WI
[county_region_id_zillow] => 2339
[metro_region_id_zillow] => 394865
[fips] => 27053
[cbsa_code] => 33460
[population_prior] => 1248246
[population] => 1259428
[rank] => 1
[difference] => 0.89581701
[region_id] => 2339
[sale_counts] => "1490,1367,1219,1223,1282,1306,1440,1446,1418,1363,1365,1519,1525,1512,1378,1288,1426,1542,1738,1696,1756,1784,1713,1729,1628,1630,1497,1448,1381,1197,1056,944,1010,1071,1303,1488,1625,1550,1395,1287,1236,1333,1296,1302,1317,1420,1601,1873,2082,2097,1728,1547,1459,1568,1577,1569,1661,1796,1944,2117,2071,2040,1858,1821,1837,1848,1895,1875,1873,1846,1867,1950,1919,1840,1723,1685,1774,1860,1721,1515,1394,1597,1693,1856,1886,1982,1936,2017,2025,2057,1989,1975,1921,1974,2024,2240,2225,2180,2043,2063,2056,2049,2036,2005,1966,1912,1989,2136,2176,2102,2003,2051,2072,2057,1981,1957,1986,1957,2028,2032,2074,2005,1901,1880,1901,1856,1803,1841,1936,1931,1857,1888,1909,1926,1887,1959,1983,1985,1965,2000,2042,2210"
[county] => Hennepin
[flips] => 1152
[purchase_price] => 184074
[resale_price] => 260084
[gross_margin] => 76010
[flipcount_rank] => 1
[flipmargin_rank] => 15
[sale_counts_exploded] => Array
(
[0] => 1490
[1] => 1367
[2] => 1219
[3] => 1223
[4] => 1282
[5] => 1306
[6] => 1440
[7] => 1446
[8] => 1418
[9] => 1363
[10] => 1365
[11] => 1519
[12] => 1525
[13] => 1512
[14] => 1378
[15] => 1288
[16] => 1426
[17] => 1542
[18] => 1738
[19] => 1696
[20] => 1756
[21] => 1784
[22] => 1713
[23] => 1729
[24] => 1628
[25] => 1630
[26] => 1497
[27] => 1448
[28] => 1381
[29] => 1197
[30] => 1056
[31] => 944
[32] => 1010
[33] => 1071
[34] => 1303
[35] => 1488
[36] => 1625
[37] => 1550
[38] => 1395
[39] => 1287
[40] => 1236
[41] => 1333
[42] => 1296
[43] => 1302
[44] => 1317
[45] => 1420
[46] => 1601
[47] => 1873
[48] => 2082
[49] => 2097
[50] => 1728
[51] => 1547
[52] => 1459
[53] => 1568
[54] => 1577
[55] => 1569
[56] => 1661
[57] => 1796
[58] => 1944
[59] => 2117
[60] => 2071
[61] => 2040
[62] => 1858
[63] => 1821
[64] => 1837
[65] => 1848
[66] => 1895
[67] => 1875
[68] => 1873
[69] => 1846
[70] => 1867
[71] => 1950
[72] => 1919
[73] => 1840
[74] => 1723
[75] => 1685
[76] => 1774
[77] => 1860
[78] => 1721
[79] => 1515
[80] => 1394
[81] => 1597
[82] => 1693
[83] => 1856
[84] => 1886
[85] => 1982
[86] => 1936
[87] => 2017
[88] => 2025
[89] => 2057
[90] => 1989
[91] => 1975
[92] => 1921
[93] => 1974
[94] => 2024
[95] => 2240
[96] => 2225
[97] => 2180
[98] => 2043
[99] => 2063
[100] => 2056
[101] => 2049
[102] => 2036
[103] => 2005
[104] => 1966
[105] => 1912
[106] => 1989
[107] => 2136
[108] => 2176
[109] => 2102
[110] => 2003
[111] => 2051
[112] => 2072
[113] => 2057
[114] => 1981
[115] => 1957
[116] => 1986
[117] => 1957
[118] => 2028
[119] => 2032
[120] => 2074
[121] => 2005
[122] => 1901
[123] => 1880
[124] => 1901
[125] => 1856
[126] => 1803
[127] => 1841
[128] => 1936
[129] => 1931
[130] => 1857
[131] => 1888
[132] => 1909
[133] => 1926
[134] => 1887
[135] => 1959
[136] => 1983
[137] => 1985
[138] => 1965
[139] => 2000
[140] => 2042
[141] => 2210
)
)