Market snapshot
This report covers ZIP 98248, ZIP 98248, WA. Demographic and housing figures blend U.S. Census ACS 5-year estimates with current rental listings. Flip-activity figures come from public county records of real estate transactions in the last 12 months, filtered to exclude wholesale deals, family transfers, and new construction.
Flipper activity in ZIP 98248
In the last 12 months, 26 properties in ZIP 98248 were purchased and resold at a profit, matching a real-flip profile (minimum 28-day hold, positive gross margin, non-new-construction). The typical flip cleared $195K in gross margin before rehab, carrying, and closing costs, with a median hold time of 218 days.
Top flippers in the zip
| Rank | Flipper / LLC | Flips |
|---|---|---|
| 1 | ELK PROPERTIES NW LLC | 1 |
| 2 | MCKAY MARK | 1 |
| 3 | SUNDQUIST GARY | 1 |
| 4 | BLACKBURN RICHARD MICHAEL | 1 |
| 5 | HALVERSON BRIAN | 1 |
Recent example
5954 PARADISE DR, FERNDALE, WA, 98248 · ELK PROPERTIES NW LLC
Bought $350,000, sold $580,000 (+$230K), held 162 days.
See every flip in 98248, with full buyer and deal details
The full tool shows every flip transaction with buyer entity, exact purchase price, sale price, margin, and hold time. Plus the complete flipper leaderboard, comps for any address, rental analysis, and our T1F Market Score.
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Same-state markets near ZIP 98248. Click any to see its fix-and-flip snapshot.
We built this tool. We also write the loans on flips just like the ones above.
About this data
Flip transactions: Pulled from public county recording records via SFR Analytics. Filtered to properties bought and resold within 12 months at a positive gross margin, with a minimum 28-day hold time to exclude wholesale and assignment deals. New construction and family transfers are excluded.
Gross margin: Sale price minus purchase price. Does not include rehab, carrying, or closing costs. Use our Deal Calculator to model full project returns.
Demographics and rent: Population, median household income, and median home value from U.S. Census ACS 5-year estimates (2022). Rental figures reflect current listings from SFR Analytics.
Why we built this: Tier One Funding is a direct bridge and fix-and-flip lender. We built this free tool because flippers kept asking us, "What are the real numbers in my market?" and there was no free answer that wasn't buried behind a paywall. Use the data to decide where to buy, then call us when you need bridge capital.