House Flipping Report
Neighborhood Data
Salt Lake City, UT 84124
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 Salt Lake City, UT . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Salt Lake County , we've been able to rank it against its peer counties within Utah. To provide an even fuller picture, we also ranked Utah against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Utah
#31st in US
#29th in US
Salt Lake County
#1st in UT
#4th in UT
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
$ 524,900
0.07% YoY Change
Latest Monthly Sales Count
List Price /sqft
$227
0.04% from last quarter
Reduced Listings /Month
4
-0.67% from last quarter
Average Home Sqft
$3,037
-0.07% 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 Salt Lake County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Utah
3,161,105
1.87%
#30th in US
Salt Lake County
1,152,633
1.3%
#1st in UT
84124
21,295
#59th in UT
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] => 38871
[country] => USA
[zip] => 84124
[city] => Salt Lake City
[state] => Utah
[state_abbr] => UT
[county] => Salt Lake
[dma] => 770
[latitude] => 40.6768
[longitude] => -111.732
[timezone] => -7
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 84124
[zip_name] => salt lake city, ut
[flag] =>
[median_listing_price] => 692050
[median_listing_price_mm] => 0.0679
[median_listing_price_yy] => 0.1533
[active_listing_count] => 33
[active_listing_count_mm] => -0.1538
[active_listing_count_yy] => -0.4762
[median_days_on_market] => 67.5
[median_days_on_market_mm] => 0.2054
[median_days_on_market_yy] => 0.125
[new_listing_count] => 4
[new_listing_count_mm] => -0.5
[new_listing_count_yy] => -0.6667
[price_increased_count] => 0
[price_increased_count_mm] => -1
[price_increased_count_yy] =>
[price_reduced_count] => 4
[price_reduced_count_mm] => -0.6667
[price_reduced_count_yy] => -0.75
[pending_listing_count] => 25
[pending_listing_count_mm] => -0.3421
[pending_listing_count_yy] => 0
[median_listing_price_per_square_feet] => 227
[median_listing_price_per_square_feet_mm] => 0.035
[median_listing_price_per_square_feet_yy] => 0.1885
[median_square_feet] => 3037
[median_square_feet_mm] => 0.0238
[median_square_feet_yy] => -0.0742
[average_listing_price] => 1332366
[average_listing_price_mm] => 0.1239
[average_listing_price_yy] => 0.6725
[total_listing_count] => 58
[total_listing_count_mm] => -0.2468
[total_listing_count_yy] => 0.7576
[pending_ratio_mm] => -0.2168
[pending_ratio_yy] => 0.3608
[RegionID] => 94484
[RegionName] => 84124
[State] => UT
[Metro] => Salt Lake City
[County] => Salt Lake County
[City] => Holladay
[SizeRank] => 565
[Zhvi] => 523500
[MoM] => 0.0260682
[QoQ] => 0.0292961
[YoY] => 0.0657573
[5Year] => 0.0933229
[10Year] => 0.0496685
[PeakMonth] => 2019-09
[PeakQuarter] => 2019-Q3
[PeakZHVI] => 523500
[PctFallFromPeak] => 0
[LastTimeAtCurrZHVI] => 2019-09
[flips] => 2011
[purchase_price] => 244641
[resale_price] => 309624
[gross_margin] => 64983
[flipcount_rank] => 31
[flipmargin_rank] => 29
[counties] => 29
[zip_population] => 21295
[zip_rank] => 59
[state_population] => 3161105
[state_rank] => 30
[state_difference] => 1.868668
[list_prices] => "340000,329900,308500,334900,344500,339949.5,349000,339900,329900,327950,335000,334900,331400,329900,314900,319900,319450,319900,320000,339450,339900,349700,329900,299900,299900,299450,309900,310000,335950,340000,349900,371750,315000,339450,328750,339450,329950,314900,332450,379000,365000,379900,350000,373750,350000,368000,364500,363950,349900,375000,347000,349900,347900,349900,379900,399350,407450,392500,399900,392900,379900,410000,396000,449900,422400,399900,425000,438000,474900,489000,461950,422400,420000,494500,466000,449000,459900,459000,450000,492495,497000,507500,540400.5,518000,494900,505000,450000,499450,499900,504950,489900,435000,437450,467000,494950,499900,5.00E+05,514894,5.00E+05,543950,522500,502500,499950,549900,564450,575000,559900,589900,599000,579500,549949.5,559900,570000,550000,539000,550000,539000,537000,550000,524900"
[list_prices_exploded] => Array
(
[0] => 340000
[1] => 329900
[2] => 308500
[3] => 334900
[4] => 344500
[5] => 339949.5
[6] => 349000
[7] => 339900
[8] => 329900
[9] => 327950
[10] => 335000
[11] => 334900
[12] => 331400
[13] => 329900
[14] => 314900
[15] => 319900
[16] => 319450
[17] => 319900
[18] => 320000
[19] => 339450
[20] => 339900
[21] => 349700
[22] => 329900
[23] => 299900
[24] => 299900
[25] => 299450
[26] => 309900
[27] => 310000
[28] => 335950
[29] => 340000
[30] => 349900
[31] => 371750
[32] => 315000
[33] => 339450
[34] => 328750
[35] => 339450
[36] => 329950
[37] => 314900
[38] => 332450
[39] => 379000
[40] => 365000
[41] => 379900
[42] => 350000
[43] => 373750
[44] => 350000
[45] => 368000
[46] => 364500
[47] => 363950
[48] => 349900
[49] => 375000
[50] => 347000
[51] => 349900
[52] => 347900
[53] => 349900
[54] => 379900
[55] => 399350
[56] => 407450
[57] => 392500
[58] => 399900
[59] => 392900
[60] => 379900
[61] => 410000
[62] => 396000
[63] => 449900
[64] => 422400
[65] => 399900
[66] => 425000
[67] => 438000
[68] => 474900
[69] => 489000
[70] => 461950
[71] => 422400
[72] => 420000
[73] => 494500
[74] => 466000
[75] => 449000
[76] => 459900
[77] => 459000
[78] => 450000
[79] => 492495
[80] => 497000
[81] => 507500
[82] => 540400.5
[83] => 518000
[84] => 494900
[85] => 505000
[86] => 450000
[87] => 499450
[88] => 499900
[89] => 504950
[90] => 489900
[91] => 435000
[92] => 437450
[93] => 467000
[94] => 494950
[95] => 499900
[96] => 5.00E+05
[97] => 514894
[98] => 5.00E+05
[99] => 543950
[100] => 522500
[101] => 502500
[102] => 499950
[103] => 549900
[104] => 564450
[105] => 575000
[106] => 559900
[107] => 589900
[108] => 599000
[109] => 579500
[110] => 549949.5
[111] => 559900
[112] => 570000
[113] => 550000
[114] => 539000
[115] => 550000
[116] => 539000
[117] => 537000
[118] => 550000
[119] => 524900
)
)
Array
(
[county_name] => Salt Lake
[state] => Utah
[state_fips] => 49
[county_fips] => 49035
[dma] => 770
[metro_name] => Salt Lake City, UT
[cbsa_name] => Salt Lake City, UT
[county_region_id_zillow] => 2840
[metro_region_id_zillow] => 395053
[fips] => 49035
[cbsa_code] => 41620
[population_prior] => 1137820
[population] => 1152633
[rank] => 1
[difference] => 1.301875516
[region_id] => 2840
[sale_counts] => "1513,1406,1268,1239,1192,1161,1195,1169,1078,989,965,1048,1038,1020,993,1064,1129,1127,1107,1134,1280,1296,1237,1142,1164,1260,1270,1190,1021,886,835,853,912,992,1096,1123,1134,1079,1060,1026,1032,1049,1099,1122,1152,1141,1232,1365,1390,1362,1256,1196,1099,1119,1170,1255,1341,1400,1515,1475,1456,1424,1460,1484,1486,1463,1449,1391,1347,1341,1405,1428,1407,1325,1324,1343,1384,1347,1384,1421,1430,1468,1481,1556,1634,1664,1667,1648,1687,1693,1699,1600,1562,1560,1660,1761,1741,1731,1725,1780,1764,1795,1825,1842,1855,1814,1853,1862,1879,1807,1759,1758,1737,1748,1702,1792,1840,1844,1915,1940,1980,1860,1766,1771,1769,1801,1744,1765,1791,1775,1798,1725,1688,1667,1708,1726,1730,1710,1770,1804,1825,"
[county] => Salt Lake
[flips] => 708
[purchase_price] => 261150
[resale_price] => 344785
[gross_margin] => 83635
[flipcount_rank] => 1
[flipmargin_rank] => 4
[sale_counts_exploded] => Array
(
[0] => 1513
[1] => 1406
[2] => 1268
[3] => 1239
[4] => 1192
[5] => 1161
[6] => 1195
[7] => 1169
[8] => 1078
[9] => 989
[10] => 965
[11] => 1048
[12] => 1038
[13] => 1020
[14] => 993
[15] => 1064
[16] => 1129
[17] => 1127
[18] => 1107
[19] => 1134
[20] => 1280
[21] => 1296
[22] => 1237
[23] => 1142
[24] => 1164
[25] => 1260
[26] => 1270
[27] => 1190
[28] => 1021
[29] => 886
[30] => 835
[31] => 853
[32] => 912
[33] => 992
[34] => 1096
[35] => 1123
[36] => 1134
[37] => 1079
[38] => 1060
[39] => 1026
[40] => 1032
[41] => 1049
[42] => 1099
[43] => 1122
[44] => 1152
[45] => 1141
[46] => 1232
[47] => 1365
[48] => 1390
[49] => 1362
[50] => 1256
[51] => 1196
[52] => 1099
[53] => 1119
[54] => 1170
[55] => 1255
[56] => 1341
[57] => 1400
[58] => 1515
[59] => 1475
[60] => 1456
[61] => 1424
[62] => 1460
[63] => 1484
[64] => 1486
[65] => 1463
[66] => 1449
[67] => 1391
[68] => 1347
[69] => 1341
[70] => 1405
[71] => 1428
[72] => 1407
[73] => 1325
[74] => 1324
[75] => 1343
[76] => 1384
[77] => 1347
[78] => 1384
[79] => 1421
[80] => 1430
[81] => 1468
[82] => 1481
[83] => 1556
[84] => 1634
[85] => 1664
[86] => 1667
[87] => 1648
[88] => 1687
[89] => 1693
[90] => 1699
[91] => 1600
[92] => 1562
[93] => 1560
[94] => 1660
[95] => 1761
[96] => 1741
[97] => 1731
[98] => 1725
[99] => 1780
[100] => 1764
[101] => 1795
[102] => 1825
[103] => 1842
[104] => 1855
[105] => 1814
[106] => 1853
[107] => 1862
[108] => 1879
[109] => 1807
[110] => 1759
[111] => 1758
[112] => 1737
[113] => 1748
[114] => 1702
[115] => 1792
[116] => 1840
[117] => 1844
[118] => 1915
[119] => 1940
[120] => 1980
[121] => 1860
[122] => 1766
[123] => 1771
[124] => 1769
[125] => 1801
[126] => 1744
[127] => 1765
[128] => 1791
[129] => 1775
[130] => 1798
[131] => 1725
[132] => 1688
[133] => 1667
[134] => 1708
[135] => 1726
[136] => 1730
[137] => 1710
[138] => 1770
[139] => 1804
[140] => 1825
[141] =>
)
)