House Flipping Report
Neighborhood Data
Park Rapids, MN 56470
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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 Park Rapids, MN . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Hubbard 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
Hubbard County
#34th in MN
#37th 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
$ 259,900
0.1% YoY Change
Latest Monthly Sales Count
List Price /sqft
$134
0.01% from last quarter
Average Home Sqft
$2,264
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 Hubbard 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
Hubbard County
21,332
1.58%
#46th in MN
56470
10,334
#55th 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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