House Flipping Report
Neighborhood Data
Thief River Falls, MN 56701
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 Thief River Falls, MN . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Pennington 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
Pennington County
#47th in MN
#6th 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
$ 139,700even YoY Change
Latest Monthly Sales Count
List Price /sqft
$98
-0.06% from last quarter
Reduced Listings /Month
4
-0.67% from last quarter
Average Home Sqft
$1,564
-0.21% from last year
In order to successfully flip houses, you need the population of the area to be trending northward, which does not appear to be the case with Pennington County . This does not mean a flip wouldn't be successful, but it may be slightly harder to find a buyer.
Region
Population
Change YoY
Rank
Minnesota 5,611,179
0.77% #22nd in US
Pennington County
14,178
-0.09% #58th in MN
56701
12,690
#44th 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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