House Flipping Report
Neighborhood Data
Lake City, CO 81235
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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 City, CO . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Hinsdale County , we've been able to rank it against its peer counties within Colorado. To provide an even fuller picture, we also ranked Colorado against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Colorado
#14th in US
#22nd in US
Hinsdale County
#51st in CO
#42nd in CO
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
$ 499,000
even YoY Change
Latest Monthly Sales Count
List Price /sqft
$222
even from last quarter
Average Home Sqft
$2,390
0.06% 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 Hinsdale County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Colorado
5,695,564
1.42%
#21st in US
Hinsdale County
811
2.53%
#62nd in CO
81235
802
#55th in CO
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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