House Flipping Report
Neighborhood Data
Federal Way, WA 98003
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 Federal Way, WA . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in King County , we've been able to rank it against its peer counties within Washington. To provide an even fuller picture, we also ranked Washington against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Washington
#21st in US
#8th in US
King County
#1st in WA
#4th in WA
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
$ 318,900
0.03% YoY Change
Latest Monthly Sales Count
2,405
List Price /sqft
$218
0% from last quarter
Average Home Sqft
$1,472
-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 King County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Washington
7,535,591
1.48%
#13th in US
King County
2,233,163
1.31%
#1st in WA
98003
44,151
#17th in WA
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] => 40874
[country] => USA
[zip] => 98003
[city] => Federal Way
[state] => Washington
[state_abbr] => WA
[county] => King
[dma] => 819
[latitude] => 47.308
[longitude] => -122.312
[timezone] => -8
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 98003
[zip_name] => federal way, wa
[flag] =>
[median_listing_price] => 370050
[median_listing_price_mm] => -0.075
[median_listing_price_yy] => -0.0237
[active_listing_count] => 32
[active_listing_count_mm] => -0.1351
[active_listing_count_yy] => -0.2727
[median_days_on_market] => 39
[median_days_on_market_mm] => 0.0263
[median_days_on_market_yy] => -0.1875
[new_listing_count] => 16
[new_listing_count_mm] => -0.4286
[new_listing_count_yy] => 0
[price_increased_count] => 0
[price_increased_count_mm] =>
[price_increased_count_yy] =>
[price_reduced_count] => 0
[price_reduced_count_mm] => -1
[price_reduced_count_yy] => -1
[pending_listing_count] => 22
[pending_listing_count_mm] => -0.3889
[pending_listing_count_yy] => 0.2222
[median_listing_price_per_square_feet] => 218
[median_listing_price_per_square_feet_mm] => 0.001
[median_listing_price_per_square_feet_yy] => 0.082
[median_square_feet] => 1472
[median_square_feet_mm] => -0.0187
[median_square_feet_yy] => -0.1636
[average_listing_price] => 395130
[average_listing_price_mm] => -0.0092
[average_listing_price_yy] => -0.0223
[total_listing_count] => 54
[total_listing_count_mm] => -0.2603
[total_listing_count_yy] => 0.6875
[pending_ratio_mm] => -0.2855
[pending_ratio_yy] => 0.2784
[RegionID] => 99491
[RegionName] => 98003
[State] => WA
[Metro] => Seattle-Tacoma-Bellevue
[County] => King County
[City] => Federal Way
[SizeRank] => 890
[Zhvi] => 346800
[MoM] => 0.00696864
[QoQ] => 0.0176056
[YoY] => 0.0260355
[5Year] => 0.0889356
[10Year] => 0.0413347
[PeakMonth] => 2019-09
[PeakQuarter] => 2019-Q3
[PeakZHVI] => 346800
[PctFallFromPeak] => 0
[LastTimeAtCurrZHVI] => 2019-09
[flips] => 4739
[purchase_price] => 239763
[resale_price] => 357337
[gross_margin] => 117575
[flipcount_rank] => 21
[flipmargin_rank] => 8
[counties] => 39
[zip_population] => 44151
[zip_rank] => 17
[state_population] => 7535591
[state_rank] => 13
[state_difference] => 1.483536
[list_prices] => ",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,209975,213725,224975,229500,220000,234945,239500,230000,235000,229900,229450,234975,235000,248700,265000,259967,259925,245000,239975,239900,239425,245000,265000,279950,299900,289500,288475,287000,277500,299000,299000,302500,307500,329950,315000,302475,319000,309475,309475,315000,319475,319700,324450,320000,329981,336500,339725,347000,349975,339000,349950,346750,349800,339950,342450,339000,329950,329950,330000,319950,318900,329725,339500,349950,345995,350000,352500,340000,332500,318900"
[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] => 209975
[51] => 213725
[52] => 224975
[53] => 229500
[54] => 220000
[55] => 234945
[56] => 239500
[57] => 230000
[58] => 235000
[59] => 229900
[60] => 229450
[61] => 234975
[62] => 235000
[63] => 248700
[64] => 265000
[65] => 259967
[66] => 259925
[67] => 245000
[68] => 239975
[69] => 239900
[70] => 239425
[71] => 245000
[72] => 265000
[73] => 279950
[74] => 299900
[75] => 289500
[76] => 288475
[77] => 287000
[78] => 277500
[79] => 299000
[80] => 299000
[81] => 302500
[82] => 307500
[83] => 329950
[84] => 315000
[85] => 302475
[86] => 319000
[87] => 309475
[88] => 309475
[89] => 315000
[90] => 319475
[91] => 319700
[92] => 324450
[93] => 320000
[94] => 329981
[95] => 336500
[96] => 339725
[97] => 347000
[98] => 349975
[99] => 339000
[100] => 349950
[101] => 346750
[102] => 349800
[103] => 339950
[104] => 342450
[105] => 339000
[106] => 329950
[107] => 329950
[108] => 330000
[109] => 319950
[110] => 318900
[111] => 329725
[112] => 339500
[113] => 349950
[114] => 345995
[115] => 350000
[116] => 352500
[117] => 340000
[118] => 332500
[119] => 318900
)
)
Array
(
[county_name] => King
[state] => Washington
[state_fips] => 53
[county_fips] => 53033
[dma] => 819
[metro_name] => Seattle, WA
[cbsa_name] => Seattle-Tacoma-Bellevue, WA
[county_region_id_zillow] => 207
[metro_region_id_zillow] => 395078
[fips] => 53033
[cbsa_code] => 42660
[population_prior] => 2204229
[population] => 2233163
[rank] => 1
[difference] => 1.31265853
[region_id] => 207
[sale_counts] => "2325,2055,1742,1629,1548,1486,1489,1462,1354,1258,1361,1464,1458,1278,1215,1317,1458,1551,1613,1711,1901,1936,2069,2099,2196,2098,1982,1840,1613,1462,1335,1361,1417,1670,2012,2195,2178,1955,1834,1780,1737,1782,1755,1778,1836,1939,2254,2431,2448,2264,2110,2074,2058,2110,2082,2160,2265,2466,2779,2886,2928,2721,2649,2580,2677,2712,2717,2633,2575,2607,2840,2928,2861,2626,2511,2565,2576,2578,2597,2638,2669,2733,2886,3094,3136,3048,2940,2983,3022,2967,2983,2897,2849,2843,2961,3109,3062,2957,2892,2951,2980,3077,3037,3044,3106,3080,3410,3335,3327,2842,2825,2908,3001,3032,2951,3024,3118,3086,3197,3130,3129,2940,2842,2842,2842,2714,2472,2371,2393,2512,2978,3598,3589,3124,2402,2351,2432,2570,2606,2621,2433,2405"
[county] => King
[flips] => 1011
[purchase_price] => 380570
[resale_price] => 531151
[gross_margin] => 150582
[flipcount_rank] => 1
[flipmargin_rank] => 4
[sale_counts_exploded] => Array
(
[0] => 2325
[1] => 2055
[2] => 1742
[3] => 1629
[4] => 1548
[5] => 1486
[6] => 1489
[7] => 1462
[8] => 1354
[9] => 1258
[10] => 1361
[11] => 1464
[12] => 1458
[13] => 1278
[14] => 1215
[15] => 1317
[16] => 1458
[17] => 1551
[18] => 1613
[19] => 1711
[20] => 1901
[21] => 1936
[22] => 2069
[23] => 2099
[24] => 2196
[25] => 2098
[26] => 1982
[27] => 1840
[28] => 1613
[29] => 1462
[30] => 1335
[31] => 1361
[32] => 1417
[33] => 1670
[34] => 2012
[35] => 2195
[36] => 2178
[37] => 1955
[38] => 1834
[39] => 1780
[40] => 1737
[41] => 1782
[42] => 1755
[43] => 1778
[44] => 1836
[45] => 1939
[46] => 2254
[47] => 2431
[48] => 2448
[49] => 2264
[50] => 2110
[51] => 2074
[52] => 2058
[53] => 2110
[54] => 2082
[55] => 2160
[56] => 2265
[57] => 2466
[58] => 2779
[59] => 2886
[60] => 2928
[61] => 2721
[62] => 2649
[63] => 2580
[64] => 2677
[65] => 2712
[66] => 2717
[67] => 2633
[68] => 2575
[69] => 2607
[70] => 2840
[71] => 2928
[72] => 2861
[73] => 2626
[74] => 2511
[75] => 2565
[76] => 2576
[77] => 2578
[78] => 2597
[79] => 2638
[80] => 2669
[81] => 2733
[82] => 2886
[83] => 3094
[84] => 3136
[85] => 3048
[86] => 2940
[87] => 2983
[88] => 3022
[89] => 2967
[90] => 2983
[91] => 2897
[92] => 2849
[93] => 2843
[94] => 2961
[95] => 3109
[96] => 3062
[97] => 2957
[98] => 2892
[99] => 2951
[100] => 2980
[101] => 3077
[102] => 3037
[103] => 3044
[104] => 3106
[105] => 3080
[106] => 3410
[107] => 3335
[108] => 3327
[109] => 2842
[110] => 2825
[111] => 2908
[112] => 3001
[113] => 3032
[114] => 2951
[115] => 3024
[116] => 3118
[117] => 3086
[118] => 3197
[119] => 3130
[120] => 3129
[121] => 2940
[122] => 2842
[123] => 2842
[124] => 2842
[125] => 2714
[126] => 2472
[127] => 2371
[128] => 2393
[129] => 2512
[130] => 2978
[131] => 3598
[132] => 3589
[133] => 3124
[134] => 2402
[135] => 2351
[136] => 2432
[137] => 2570
[138] => 2606
[139] => 2621
[140] => 2433
[141] => 2405
)
)