Remodelers Market: ZIP 07040
Opportunity Score
73
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 07040 is an urban area with moderate foot traffic. with a population of 25,406 and household incomes well above the national median ($167,428). There are 8 remodelers operations in ZIP 07040.
Area Profile
25,406
Population
$167,428
Median Income
+124% vs. national
Urban
Area Type
12.2/20
Foot Traffic
Walkable
Median Age: 38.7 —
mixed-age market, broad menu appeal.
College-Educated: 45.4% —
strong appetite for artisan/specialty food.
Competition
Remodelers and related businesses in ZIP 07040.
8
Remodelers
Moderate — proven market
3.1 per 10K residents
3
HVAC Contractors
1.2 per 10K residents
What this means:
Remodelers are 72.7% of the relevant market in ZIP 07040 (8 vs. 3 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,830
2BR Fair Market Rent
$2,184
Median Gross Rent
$680 K
Median Home Value
4
Bank Branches
$400 K deposits
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Remodelers
- 8
- Related Businesses
- 3
- Bank Branches
- 4
vs. National Average
Median Income
+124% vs. $74,580
Walkability
+1.7 pts vs. national avg
Nearby Markets
07079
1.2 mi
Pop: 18,369
$184,769
Walk: 11.5
07088
1.4 mi
Pop: 3,083
$92,041
Walk: 14.4
07041
2.2 mi
Pop: 7,610
$220,923
Walk: 13.6
07083
2.6 mi
Pop: 57,036
$118,106
Walk: 14.3
07111
2.7 mi
Pop: 60,334
$59,232
Walk: 13.9
07106
2.9 mi
Pop: 35,999
$48,105
Walk: 12.2
07050
3.4 mi
Pop: 33,856
$53,109
Walk: 13.6
07052
3.6 mi
Pop: 48,323
$131,456
Walk: 12.6
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