House Flipping Report
Neighborhood Data
Mchenry, IL 60050
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 Mchenry, IL . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in McHenry County , we've been able to rank it against its peer counties within Illinois. To provide an even fuller picture, we also ranked Illinois against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Illinois
#15th in US
#18th in US
McHenry County
#9th in IL
#11th in IL
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
$ 213,450
0.02% YoY Change
Latest Monthly Sales Count
544
List Price /sqft
$115
0.01% from last quarter
Reduced Listings /Month
24
-0.4% from last quarter
Average Home Sqft
$1,870
even 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 McHenry County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Illinois
12,741,080
-0.35%
#6th in US
McHenry County
308,570
0.18%
#6th in IL
60050
31,620
#26th in IL
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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