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 Fairacres, NM. If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Do??a Ana County, we've been able to rank it against its peer counties within New Mexico. To provide an even fuller picture, we also ranked New Mexico against all other US states.
Region | Rank in # of Flips | Rank in Flip Profit |
---|---|---|
New Mexico | #42nd in US | #47th in US |
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 for either the individual zip code or the county as a whole. As more people come into an area, they will need quality housing to keep up with the influx of people.
Region | Population | Change YoY | Rank |
---|---|---|---|
New Mexico | 2,095,428 | 0.1% | #36th in US |
88033 | 11 | #66th in NM |
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.