Remodelers Market: ZIP 02824
Opportunity Score
54
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02824 is an urban area. with a population of 375 and household incomes well above the national median ($158,438).
Area Profile
375
Population
$158,438
Median Income
+112% vs. national
Urban
Area Type
Median Age: 34.5 —
mixed-age market, broad menu appeal.
College-Educated: 31.2% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,610
2BR Fair Market Rent
$410 K
Median Home Value
Tips for Starting a Home Remodeling Business in Rhode Island
- 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.
- The median income here is $158,438. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+112% vs. $74,580
Nearby Markets
02876
1.5 mi
Pop: 444
$33,008
02896
2.1 mi
Pop: 11,683
$109,436
Walk: 8.8
01529
2.8 mi
Pop: 3,156
$115,789
Walk: 4.5
01504
3.5 mi
Pop: 9,211
$98,986
Walk: 7.5
02895
4.3 mi
Pop: 43,081
$58,579
Walk: 12.4
02826
6.0 mi
Pop: 615
$75,347
01569
6.2 mi
Pop: 14,127
$122,458
Walk: 6.2
02838
6.2 mi
Pop: 4,007
$82,075
Check Another Market
Or estimate costs with the RemodCost calculator.
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