House Flipping Report
Neighborhood Data
Richmond, TX 77407
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 Richmond, TX . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in FORT BEND County , we've been able to rank it against its peer counties within Texas. To provide an even fuller picture, we also ranked Texas against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Texas
#3rd in US
#49th in US
FORT BEND County
#10th in TX
#95th in TX
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
$ 297,095
0.02% YoY Change
Latest Monthly Sales Count
List Price /sqft
$123
0.02% from last quarter
Reduced Listings /Month
52
-0.32% from last quarter
Average Home Sqft
$2,653
-0.04% 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 FORT BEND County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Texas
28,701,845
1.34%
#2nd in US
FORT BEND County
787,858
2.84%
#10th in TX
77407
28,595
#21st in TX
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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