House Flipping Report
Neighborhood Data
Lake Charles, LA 70607
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 Lake Charles, LA . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Calcasieu County , we've been able to rank it against its peer counties within Louisiana. To provide an even fuller picture, we also ranked Louisiana against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Louisiana
#29th in US
#23rd in US
Calcasieu County
#10th in LA
#11th in LA
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
$ 209,500
-0.02% YoY Change
Latest Monthly Sales Count
214
List Price /sqft
$116
0.01% from last quarter
Reduced Listings /Month
16
-0.2% from last quarter
Average Home Sqft
$1,816
0.05% 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 Calcasieu County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Louisiana
4,659,978
-0.23%
#25th in US
Calcasieu County
203,112
0.39%
#7th in LA
70607
25,560
#54th in LA
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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