House Flipping Report
Neighborhood Data
Reno, NV 89502
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 Reno, NV . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Washoe County , we've been able to rank it against its peer counties within Nevada. To provide an even fuller picture, we also ranked Nevada against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Nevada
#20th in US
#43rd in US
Washoe County
#2nd in NV
#7th in NV
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
$ 272,000
0.05% YoY Change
Latest Monthly Sales Count
652
List Price /sqft
$200
-0.03% from last quarter
Reduced Listings /Month
16
-0.43% from last quarter
Average Home Sqft
$1,220
-0.16% 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 Washoe County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Nevada
3,034,392
2.09%
#32nd in US
Washoe County
465,735
1.84%
#2nd in NV
89502
43,566
#17th in NV
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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