Remodelers Market: ZIP 02872
Opportunity Score
52
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02872 is an urban area. with a population of 105 and household incomes well above the national median ($132,969).
Area Profile
105
Population
$132,969
Median Income
+78% vs. national
Urban
Area Type
Median Age: 63.1 —
older demographic, may prefer sit-down options.
College-Educated: 36.2% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,140
2BR Fair Market Rent
$290 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 $132,969. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+78% vs. $74,580
Nearby Markets
02871
4.3 mi
Pop: 17,635
$119,135
Walk: 10.4
02841
6.2 mi
Pop: 1,414
Walk: 14.2
02842
6.4 mi
Pop: 16,920
$97,650
Walk: 11.5
02809
6.4 mi
Pop: 22,317
$96,005
Walk: 12.4
02835
7.2 mi
Pop: 5,545
$141,442
Walk: 10.3
02889
8.2 mi
Pop: 27,533
$85,617
Walk: 13.4
02840
8.3 mi
Pop: 23,615
$83,515
Walk: 14.5
02806
9.4 mi
Pop: 17,113
$150,542
Walk: 10.0
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