House Flipping Report
Neighborhood Data
Norfolk, NE 68701
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 Norfolk, NE . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Madison County , we've been able to rank it against its peer counties within Nebraska. To provide an even fuller picture, we also ranked Nebraska against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Nebraska
#33rd in US
#7th in US
Madison County
#23rd in NE
#20th in NE
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
$ 209,000
0.03% YoY Change
Latest Monthly Sales Count
38
List Price /sqft
$93
0.01% from last quarter
Reduced Listings /Month
16
-0.6% from last quarter
Average Home Sqft
$2,280
0.08% 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 Madison County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Nebraska
1,929,268
0.61%
#37th in US
Madison County
35,392
0.34%
#8th in NE
68701
30,670
#4th in NE
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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