House Flipping Report
Neighborhood Data
Lubbock, TX 79424
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 Lubbock, TX . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Lubbock 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
Lubbock County
#17th in TX
#80th 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
$ 242,500
0.07% YoY Change
Latest Monthly Sales Count
List Price /sqft
$121
even from last quarter
Reduced Listings /Month
20
-0.69% from last quarter
Average Home Sqft
$2,444
-0.03% 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 Lubbock 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
Lubbock County
307,412
0.83%
#18th in TX
79424
39,023
#62nd 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.
Array
(
[zip_id] => 37715
[country] => USA
[zip] => 79424
[city] => Lubbock
[state] => Texas
[state_abbr] => TX
[county] => Lubbock
[dma] => 651
[latitude] => 33.4717
[longitude] => -101.952
[timezone] => -6
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 79424
[zip_name] => lubbock, tx
[flag] =>
[median_listing_price] => 295050
[median_listing_price_mm] => -0.0328
[median_listing_price_yy] => -0.042
[active_listing_count] => 231
[active_listing_count_mm] => -0.0335
[active_listing_count_yy] => -0.3063
[median_days_on_market] => 51.5
[median_days_on_market_mm] => 0.1977
[median_days_on_market_yy] => -0.1417
[new_listing_count] => 92
[new_listing_count_mm] => -0.1154
[new_listing_count_yy] => 0.2778
[price_increased_count] => 0
[price_increased_count_mm] =>
[price_increased_count_yy] =>
[price_reduced_count] => 20
[price_reduced_count_mm] => -0.6875
[price_reduced_count_yy] => -0.6154
[pending_listing_count] => 92
[pending_listing_count_mm] => -0.0515
[pending_listing_count_yy] => 0.0575
[median_listing_price_per_square_feet] => 121
[median_listing_price_per_square_feet_mm] => 0
[median_listing_price_per_square_feet_yy] => 0.0272
[median_square_feet] => 2444
[median_square_feet_mm] => -0.0175
[median_square_feet_yy] => -0.0338
[average_listing_price] => 349902
[average_listing_price_mm] => -0.0187
[average_listing_price_yy] => -0.0018
[total_listing_count] => 323
[total_listing_count_mm] => -0.0387
[total_listing_count_yy] => 0.3983
[pending_ratio_mm] => -0.0076
[pending_ratio_yy] => 0.137
[RegionID] => 92961
[RegionName] => 79424
[State] => TX
[Metro] => Lubbock
[County] => Lubbock County
[City] => Lubbock
[SizeRank] => 526
[Zhvi] => 216400
[MoM] => 0.0169173
[QoQ] => 0.0309671
[YoY] => 0.0665352
[5Year] => 0.0399591
[10Year] => 0.0283024
[PeakMonth] => 2019-09
[PeakQuarter] => 2019-Q3
[PeakZHVI] => 216400
[PctFallFromPeak] => 0
[LastTimeAtCurrZHVI] => 2019-09
[flips] => 19102
[purchase_price] => 179358
[resale_price] => 214954
[gross_margin] => 35596
[flipcount_rank] => 3
[flipmargin_rank] => 49
[counties] => 254
[zip_population] => 39023
[zip_rank] => 162
[state_population] => 28701845
[state_rank] => 2
[state_difference] => 1.338600
[list_prices] => ",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,224000,225000,230975,224900,225950,219925,222600,215000,231450,239900,249000,252000,259000,257950,259500,262000,259900,260875,249900,234950,246650,259950,259950,256725,249950,254538,255475,250000,250000,251950,237950,241000,249925,254400,260950,257000,259000,260145.5,256500,253350,249350,245725,242500"
[list_prices_exploded] => Array
(
[0] =>
[1] =>
[2] =>
[3] =>
[4] =>
[5] =>
[6] =>
[7] =>
[8] =>
[9] =>
[10] =>
[11] =>
[12] =>
[13] =>
[14] =>
[15] =>
[16] =>
[17] =>
[18] =>
[19] =>
[20] =>
[21] =>
[22] =>
[23] =>
[24] =>
[25] =>
[26] =>
[27] =>
[28] =>
[29] =>
[30] =>
[31] =>
[32] =>
[33] =>
[34] =>
[35] =>
[36] =>
[37] =>
[38] =>
[39] =>
[40] =>
[41] =>
[42] =>
[43] =>
[44] =>
[45] =>
[46] =>
[47] =>
[48] =>
[49] =>
[50] =>
[51] =>
[52] =>
[53] =>
[54] =>
[55] =>
[56] =>
[57] =>
[58] =>
[59] =>
[60] =>
[61] =>
[62] =>
[63] =>
[64] =>
[65] =>
[66] =>
[67] =>
[68] =>
[69] =>
[70] =>
[71] =>
[72] =>
[73] =>
[74] =>
[75] =>
[76] =>
[77] => 224000
[78] => 225000
[79] => 230975
[80] => 224900
[81] => 225950
[82] => 219925
[83] => 222600
[84] => 215000
[85] => 231450
[86] => 239900
[87] => 249000
[88] => 252000
[89] => 259000
[90] => 257950
[91] => 259500
[92] => 262000
[93] => 259900
[94] => 260875
[95] => 249900
[96] => 234950
[97] => 246650
[98] => 259950
[99] => 259950
[100] => 256725
[101] => 249950
[102] => 254538
[103] => 255475
[104] => 250000
[105] => 250000
[106] => 251950
[107] => 237950
[108] => 241000
[109] => 249925
[110] => 254400
[111] => 260950
[112] => 257000
[113] => 259000
[114] => 260145.5
[115] => 256500
[116] => 253350
[117] => 249350
[118] => 245725
[119] => 242500
)
)
Array
(
[county_name] => Lubbock
[state] => Texas
[state_fips] => 48
[county_fips] => 48303
[dma] => 651
[metro_name] => Lubbock, TX
[cbsa_name] => Lubbock, TX
[county_region_id_zillow] => 1891
[metro_region_id_zillow] => 394808
[fips] => 48303
[cbsa_code] => 31180
[population_prior] => 304875
[population] => 307412
[rank] => 18
[difference] => 0.832144321
[region_id] => 1891
[sale_counts] => ",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,480,450,417,383,389,405,436,434,436,433,452,452,448,422,435,448,452,450,436,474,486,497,490,500,498,501,497,504,496,489,479,469,462,458,473,490,499,489,422,360,307,303,304,284,280,"
[county] => Lubbock
[flips] => 248
[purchase_price] => 134763
[resale_price] => 166786
[gross_margin] => 32023
[flipcount_rank] => 17
[flipmargin_rank] => 80
[sale_counts_exploded] => Array
(
[0] =>
[1] =>
[2] =>
[3] =>
[4] =>
[5] =>
[6] =>
[7] =>
[8] =>
[9] =>
[10] =>
[11] =>
[12] =>
[13] =>
[14] =>
[15] =>
[16] =>
[17] =>
[18] =>
[19] =>
[20] =>
[21] =>
[22] =>
[23] =>
[24] =>
[25] =>
[26] =>
[27] =>
[28] =>
[29] =>
[30] =>
[31] =>
[32] =>
[33] =>
[34] =>
[35] =>
[36] =>
[37] =>
[38] =>
[39] =>
[40] =>
[41] =>
[42] =>
[43] =>
[44] =>
[45] =>
[46] =>
[47] =>
[48] =>
[49] =>
[50] =>
[51] =>
[52] =>
[53] =>
[54] =>
[55] =>
[56] =>
[57] =>
[58] =>
[59] =>
[60] =>
[61] =>
[62] =>
[63] =>
[64] =>
[65] =>
[66] =>
[67] =>
[68] =>
[69] =>
[70] =>
[71] =>
[72] =>
[73] =>
[74] =>
[75] =>
[76] =>
[77] =>
[78] =>
[79] =>
[80] =>
[81] =>
[82] =>
[83] =>
[84] =>
[85] =>
[86] =>
[87] =>
[88] =>
[89] =>
[90] =>
[91] =>
[92] =>
[93] =>
[94] =>
[95] =>
[96] => 480
[97] => 450
[98] => 417
[99] => 383
[100] => 389
[101] => 405
[102] => 436
[103] => 434
[104] => 436
[105] => 433
[106] => 452
[107] => 452
[108] => 448
[109] => 422
[110] => 435
[111] => 448
[112] => 452
[113] => 450
[114] => 436
[115] => 474
[116] => 486
[117] => 497
[118] => 490
[119] => 500
[120] => 498
[121] => 501
[122] => 497
[123] => 504
[124] => 496
[125] => 489
[126] => 479
[127] => 469
[128] => 462
[129] => 458
[130] => 473
[131] => 490
[132] => 499
[133] => 489
[134] => 422
[135] => 360
[136] => 307
[137] => 303
[138] => 304
[139] => 284
[140] => 280
[141] =>
)
)