Remodelers Market: ZIP 07104
Opportunity Score
73
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 07104 is an urban area with moderate foot traffic. with a population of 54,277 and household incomes near the national median ($51,199). There are 27 remodelers operations in ZIP 07104.
Area Profile
54,277
Population
$51,199
Median Income
-31% vs. national
Urban
Area Type
14.1/20
Foot Traffic
Very Car-Dependent
Median Age: 35.6 —
mixed-age market, broad menu appeal.
College-Educated: 13.8% —
value-focused market, keep prices competitive.
Competition
Remodelers and related businesses in ZIP 07104.
27
Remodelers
Competitive — differentiation needed
5.0 per 10K residents
8
HVAC Contractors
1.5 per 10K residents
What this means:
Remodelers are 77.1% of the relevant market in ZIP 07104 (27 vs. 8 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,810
2BR Fair Market Rent
$1,343
Median Gross Rent
$340 K
Median Home Value
2
Bank Branches
$230 K deposits
Tips for Starting a Home Remodeling Business in New Jersey
- 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
- Foot Traffic
- Very Car-Dependent
- Remodelers
- 27
- Related Businesses
- 8
- Bank Branches
- 2
vs. National Average
Median Income
-31% vs. $74,580
Walkability
+3.6 pts vs. national avg
Nearby Markets
07107
1.3 mi
Pop: 42,132
$49,892
Walk: 14.1
07109
1.8 mi
Pop: 37,785
$90,164
Walk: 14.3
07029
1.9 mi
Pop: 22,128
$80,495
Walk: 14.8
07102
2.2 mi
Pop: 12,954
$37,093
Walk: 16.8
07103
2.7 mi
Pop: 36,733
$42,397
Walk: 14.6
07017
2.7 mi
Pop: 40,809
$61,552
Walk: 13.5
07003
3.1 mi
Pop: 52,921
$98,805
Walk: 13.8
07031
3.2 mi
Pop: 16,368
$101,493
Walk: 14.7
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