House Flipping Report
Neighborhood Data
Fergus Falls, MN 56537
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 Fergus Falls, MN . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Otter Tail 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
Otter Tail County
#56th in MN
#51st 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
$ 169,900
0.01% YoY Change
Latest Monthly Sales Count
67
List Price /sqft
$86
-0.13% from last quarter
Reduced Listings /Month
8
-0.33% from last quarter
Average Home Sqft
$1,990
-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 Otter Tail 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
Otter Tail County
58,812
0.96%
#17th in MN
56537
18,548
#96th 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] => 20168
[country] => USA
[zip] => 56537
[city] => Fergus Falls
[state] => Minnesota
[state_abbr] => MN
[county] => Otter Tail
[dma] => 724
[latitude] => 46.2701
[longitude] => -96.0879
[timezone] => -6
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 56537
[zip_name] => fergus falls, mn
[flag] =>
[median_listing_price] => 194550
[median_listing_price_mm] => -0.0649
[median_listing_price_yy] => -0.0738
[active_listing_count] => 45
[active_listing_count_mm] => -0.2623
[active_listing_count_yy] => -0.4231
[median_days_on_market] => 87.5
[median_days_on_market_mm] => 0.2153
[median_days_on_market_yy] => -0.1162
[new_listing_count] => 4
[new_listing_count_mm] => -0.75
[new_listing_count_yy] => -0.5
[price_increased_count] => 0
[price_increased_count_mm] =>
[price_increased_count_yy] =>
[price_reduced_count] => 8
[price_reduced_count_mm] => -0.3333
[price_reduced_count_yy] => 1
[pending_listing_count] => 7
[pending_listing_count_mm] => -0.4167
[pending_listing_count_yy] => -0.6667
[median_listing_price_per_square_feet] => 86
[median_listing_price_per_square_feet_mm] => -0.1276
[median_listing_price_per_square_feet_yy] => -0.0779
[median_square_feet] => 1990
[median_square_feet_mm] => -0.0283
[median_square_feet_yy] => -0.0197
[average_listing_price] => 206172
[average_listing_price_mm] => -0.0585
[average_listing_price_yy] => -0.0093
[total_listing_count] => 52
[total_listing_count_mm] => -0.2877
[total_listing_count_yy] => 0.1556
[pending_ratio_mm] => -0.0412
[pending_ratio_yy] => -0.1137
[RegionID] => 82914
[RegionName] => 56537
[State] => MN
[Metro] => Fergus Falls
[County] => Otter Tail County
[City] => Fergus Falls
[SizeRank] => 543
[Zhvi] => 159400
[MoM] => 0.00314663
[QoQ] => -0.000626959
[YoY] => 0.00567823
[5Year] => 0.0486501
[10Year] => 0.0443325
[PeakMonth] => 2019-01
[PeakQuarter] => 2019-Q1
[PeakZHVI] => 162300
[PctFallFromPeak] => -0.0178681
[LastTimeAtCurrZHVI] => 2018-10
[flips] => 3652
[purchase_price] => 166187
[resale_price] => 237044
[gross_margin] => 70857
[flipcount_rank] => 24
[flipmargin_rank] => 24
[counties] => 87
[zip_population] => 18548
[zip_rank] => 96
[state_population] => 5611179
[state_rank] => 22
[state_difference] => 0.772679
[list_prices] => ",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,132400,152400,149900,143700,132900,129900,143000,141450,128700,129900,135000,139900,139900,139900,139900,149950,139900,129900,127450,131150,129900,129900,134000,139900,129900,135000,139450,139900,132700,135900,129900,139000,144900,142400,144900,151950,159900,166250,159900,149900,149900,142000,140950,139900,130000,139900,140000,139900,149900,170000,187200,184900,184900,169900,169900,167400,162400,155000,155000,164900,167450,169900,179450,175450,159900,167500,168450,169900"
[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] =>
[40] =>
[41] =>
[42] =>
[43] =>
[44] =>
[45] =>
[46] =>
[47] =>
[48] =>
[49] =>
[50] =>
[51] =>
[52] => 132400
[53] => 152400
[54] => 149900
[55] => 143700
[56] => 132900
[57] => 129900
[58] => 143000
[59] => 141450
[60] => 128700
[61] => 129900
[62] => 135000
[63] => 139900
[64] => 139900
[65] => 139900
[66] => 139900
[67] => 149950
[68] => 139900
[69] => 129900
[70] => 127450
[71] => 131150
[72] => 129900
[73] => 129900
[74] => 134000
[75] => 139900
[76] => 129900
[77] => 135000
[78] => 139450
[79] => 139900
[80] => 132700
[81] => 135900
[82] => 129900
[83] => 139000
[84] => 144900
[85] => 142400
[86] => 144900
[87] => 151950
[88] => 159900
[89] => 166250
[90] => 159900
[91] => 149900
[92] => 149900
[93] => 142000
[94] => 140950
[95] => 139900
[96] => 130000
[97] => 139900
[98] => 140000
[99] => 139900
[100] => 149900
[101] => 170000
[102] => 187200
[103] => 184900
[104] => 184900
[105] => 169900
[106] => 169900
[107] => 167400
[108] => 162400
[109] => 155000
[110] => 155000
[111] => 164900
[112] => 167450
[113] => 169900
[114] => 179450
[115] => 175450
[116] => 159900
[117] => 167500
[118] => 168450
[119] => 169900
)
)
Array
(
[county_name] => Otter Tail
[state] => Minnesota
[state_fips] => 27
[county_fips] => 27111
[dma] => 724
[metro_name] => Fergus Falls, MN
[cbsa_name] => Fergus Falls, MN
[county_region_id_zillow] => 2992
[metro_region_id_zillow] => 394591
[fips] => 27111
[cbsa_code] => 22260
[population_prior] => 58251
[population] => 58812
[rank] => 17
[difference] => 0.963073595
[region_id] => 2992
[sale_counts] => ",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,62,61,63,68,67,85,104,103,83,59,61,67,75,68,67,58,54,62,92,105,90,63,61,70,76,70,74,65,67"
[county] => Otter Tail
[flips] => 0
[purchase_price] => 0
[resale_price] => 0
[gross_margin] => 0
[flipcount_rank] => 56
[flipmargin_rank] => 51
[sale_counts_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] =>
[40] =>
[41] =>
[42] =>
[43] =>
[44] =>
[45] =>
[46] =>
[47] =>
[48] =>
[49] =>
[50] =>
[51] =>
[52] =>
[53] =>
[54] =>
[55] =>
[56] =>
[57] =>
[58] =>
[59] =>
[60] =>
[61] =>
[62] =>
[63] =>
[64] =>
[65] =>
[66] =>
[67] =>
[68] =>
[69] =>
[70] =>
[71] =>
[72] =>
[73] =>
[74] =>
[75] =>
[76] =>
[77] =>
[78] =>
[79] =>
[80] =>
[81] =>
[82] =>
[83] =>
[84] =>
[85] =>
[86] =>
[87] =>
[88] =>
[89] =>
[90] =>
[91] =>
[92] =>
[93] =>
[94] =>
[95] =>
[96] =>
[97] =>
[98] =>
[99] =>
[100] =>
[101] =>
[102] =>
[103] =>
[104] =>
[105] =>
[106] =>
[107] =>
[108] =>
[109] =>
[110] =>
[111] =>
[112] =>
[113] => 62
[114] => 61
[115] => 63
[116] => 68
[117] => 67
[118] => 85
[119] => 104
[120] => 103
[121] => 83
[122] => 59
[123] => 61
[124] => 67
[125] => 75
[126] => 68
[127] => 67
[128] => 58
[129] => 54
[130] => 62
[131] => 92
[132] => 105
[133] => 90
[134] => 63
[135] => 61
[136] => 70
[137] => 76
[138] => 70
[139] => 74
[140] => 65
[141] => 67
)
)