House Flipping Report
Neighborhood Data
Shumway, IL 62461
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 Shumway, IL . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Effingham 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
Effingham County
#49th in IL
#1st 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 Monthly Sales Count
In order to successfully flip houses, you need the population of the area to be trending northward, which appears to be the case with Effingham 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
Effingham County
34,208
0.18%
#43rd in IL
62461
854
#74th 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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