Remodelers Market: ZIP 01608
Opportunity Score
58
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 01608 is an urban area. with a population of 4,951 and household incomes below the national median ($45,962).
Area Profile
4,951
Population
$45,962
Median Income
-38% vs. national
Urban
Area Type
Median Age: 30.6 —
mixed-age market, broad menu appeal.
College-Educated: 17.3% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,940
2BR Fair Market Rent
$1,461
Median Gross Rent
$120 K
Median Home Value
10
Bank Branches
$2.1 M deposits
Tips for Starting a Home Remodeling Business in Massachusetts
- Get your contractor's license and insurance before your first job. Operating without them is illegal in most states and one lawsuit ends you.
- Kitchen and bathroom remodels have the highest margins. Whole-home renovations sound bigger but the complexity eats your profit.
- Your first 10 jobs come from personal network and referrals. Don't spend on ads until you have 5-star reviews to back them up.
- Material costs swing 15-30% year over year. Quote projects with current supplier pricing, not last year's numbers.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 10
vs. National Average
Median Income
-38% vs. $74,580
Nearby Markets
01610
1.1 mi
Pop: 28,719
$43,757
Walk: 14.6
01605
2.1 mi
Pop: 31,086
$54,805
Walk: 14.6
01604
2.4 mi
Pop: 39,988
$72,911
Walk: 13.1
01609
2.5 mi
Pop: 23,184
$61,411
Walk: 11.7
01607
2.6 mi
Pop: 8,755
$66,365
Walk: 8.1
01603
3.2 mi
Pop: 21,034
$63,646
Walk: 13.5
01602
3.4 mi
Pop: 25,791
$94,351
Walk: 14.1
01606
3.6 mi
Pop: 22,269
$92,537
Walk: 11.8
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About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits