Vergas, MN 56587

Flip Market Report

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 Vergas, 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.

56587 Historical Monthly Listing Prices

No Data Available

Otter Tail Historical Monthly Home Sales

Latest Monthly Sales Count

67

List Price /sqft

$189

even from last quarter

Avg. Days on Market

88

even from last year

Average Home Sqft

$2,320

0.44% from last year

Population Rank

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
56587 1,404 #98th in MN
Home Searches

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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    [flips] => 3652
    [purchase_price] => 166187
    [resale_price] => 237044
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    [zip_rank] => 498
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