House Flipping Report
Neighborhood Data
Mcallen, TX 78503
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 Mcallen, TX . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Hidalgo 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
Hidalgo County
#11th in TX
#41st 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
$ 234,900
0.06% YoY Change
Latest Monthly Sales Count
List Price /sqft
$99
0.01% from last quarter
Reduced Listings /Month
12
0.5% from last quarter
Average Home Sqft
$2,333
-0.01% 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 Hidalgo 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
Hidalgo County
865,939
0.89%
#7th in TX
78503
21,706
#66th 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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