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 Amherst, TX. If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Lamb 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 |
Lamb County | #66th in TX | #31st 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.
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In order to successfully flip houses, you need the population of the area to be trending northward, which does not appear to be the case with Lamb County. This does not mean a flip wouldn't be successful, but it may be slightly harder to find a buyer.
Region | Population | Change YoY | Rank |
---|---|---|---|
Texas | 28,701,845 | 1.34% | #2nd in US |
Lamb County | 13,158 | -0.3% | #49th in TX |
79312 | 971 | #69th 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.