The numbers are out! We are excited to release a list of the most popular zip codes for wholesale deals from January to March of 2017.
If you do your own marketing to find investment property, target properties in these zip codes since they are more likely to have motivated sellers and/or properties in disrepair. Both of these conditions can lead to greater discounts and profits for investors like yourself.
We have compiled this data from the hundreds of wholesale deals that were posted to our website over this past quarter.
To view a summarized report containing the top 5 zip codes for each market area, visit this page.
Keep reading for the breakdown of hot investment areas and the zip codes where we saw the highest levels of deal activity during the last quarter!
The Big Picture:
Investor-ready foreclosures
In March, we announced a new type of property deal: investor-ready foreclosures. To find out more about this new type of property, read our press release. Here’s a quick a re-cap:
Foreclosure auctions can be a waste of time, especially for new investors. That’s why we never bothered with offering foreclosures on our site.
But…what about the properties that didn’t sell at auction? The banks want to sell these properties quickly in order to recoup their loss. We see huge opportunity in those properties. We call these deals investor-ready foreclosures. And starting today, you can find them on MyHouseDeals!
There are too many markets to list, so here is a breakdown of where these deals can be found by state:
Here is a percentage breakdown of the types of properties we currently have on the site. The percentage of wholesale deals and investor-ready foreclosures should be more even next quarter.
If you want to see a specific type of property deal, make sure to check your search parameters above the list of properties and select only the property types you want to see.
Going Nationwide
Later in March, we went nationwide! Read more details in our press release.
This created a huge opportunity for you, as an investor. Not only are we offering more deals than ever, we are also offering deals in more locations than ever before.
We currently have more than 10,285 deals and leads available on the website, with over $566,775,000 in equity…
To give you an idea on the increased opportunities, check out the heat maps below. The first one is from the last quarter of 2016, and the next one is our most recent quarter since going nationwide, and adding investor-ready foreclosures.
The last quarter of 2016 is Q3, not Q4, since Q4 was combined with the entire year to create an annual report.
2017 Quarter 1:
2016 Quarter 3:
The top 5 market areas for wholesale property deals include:
1. Houston
2. Dallas/Fort-Worth
3. Atlanta
4. South Florida
5. Chicago
The maps below show more detail for each of these markets.
Wholesale Deal Activity per Market Area:
The maps are a little more interesting! You can see the HOT areas (and the not so hot areas) in each city.
Atlanta:
Top 5 Zip Codes for Wholesale Deals in Atlanta:
1. 30310
2. 30032
3. 30315
4. 30316
5. 30311
Central Texas:
Top 5 Zip Codes for Wholesale Deals in Central Texas:
1. 78202
2. 78227
3. 78702
4. 78245
5. 78214
Chicago:
Top 5 Zip Codes for Wholesale Deals in Chicago:
1. 60419
2. 60628
3. 60636
4. 60620
5. 60409
Dallas/Fort-Worth:
Top 5 Zip Codes for Wholesale Deals in Dallas/Fort-Worth:
1. 75229
2. 75149
3. 75208
4. 75115
5. 75216
Houston:
Top 5 Zip Codes for Wholesale Deals in Houston:
1. 77033
2. 77590
3. 77016
4. 77018
5. 77051
Indianapolis:
TOP 5 ZIP CODES FOR WHOLESALE DEALS IN Indianapolis:
1. 46205
2. 46107
3. 46203
4. 46208
5. 46214
Los Angeles:
Top 5 Zip Codes for Wholesale Deals in Los Angeles:
1. 91042
2. 91604
3. 90006
4. 90011
5. 90019
N.Y.C./Tri-State:
Top 5 Zip Codes for Wholesale Deals in N.Y.C./Tri-State:
- 10940
- 07106
- 10466
- 07107
- 07111
Orlando, Daytona Beach, Melbourne:
TOP 5 ZIP CODES FOR WHOLESALE DEALS IN Orlando, Daytona Beach, Melbourne:
- 32771
- 32703
- 32751
- 32804
- 32114
Philadelphia:
Top 5 Zip Codes for Wholesale Deals in Philadelphia:
1. 19148
2. 19134
3. 19146
4. 19124
5. 19131
Pittsburgh:
TOP 5 ZIP CODES FOR WHOLESALE DEALS IN Pittsburgh:
- 15204
- 15003
- 15012
- 15035
- 15120
Sacramento, Stockton, Modesto:
TOP 5 ZIP CODES FOR WHOLESALE DEALS IN Sacramento, Stockton, Modesto:
- 95820
- 95842
- 95203
- 95363
- 95822
South Florida:
Top 5 Zip Codes for Wholesale Deals in South Florida:
1. 33311
2. 33023
3. 33142
4. 33147
5. 33312
St. Louis:
TOP 5 ZIP CODES FOR WHOLESALE DEALS IN St. Louis:
- 63130
- 63135
- 63136
- 63031
- 63108
Tampa Bay:
Top 5 Zip Codes for Wholesale Deals in Tampa Bay:
1. 33603
2. 33542
3. 33605
4. 33610
5. 33705
Washington, D.C.:
Top 5 Zip Codes for Wholesale Deals in Washington, D.C.:
- 20743
- 20785
- 21224
- 21224
- 20011
Lastly, here is the Average After Repair Value (ARV) per Market Area. Check out the average ARV for Los Angeles!
Click image to enlarge
Are you surprised by the zip codes on this list? Share your thoughts below…
To view a summarized report containing the top 5 zip codes for each market area, visit this page.