Remodelers Market: ZIP 08007
Opportunity Score
80
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 08007 is an urban area with moderate foot traffic. with a population of 5,460 and household incomes above the national median ($94,375).
Area Profile
5,460
Population
$94,375
Median Income
+27% vs. national
Urban
Area Type
13.4/20
Foot Traffic
Walkable
Median Age: 46.5 —
older demographic, may prefer sit-down options.
College-Educated: 28.4% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,500
2BR Fair Market Rent
$1,088
Median Gross Rent
$240 K
Median Home Value
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
- Walkable
vs. National Average
Median Income
+27% vs. $74,580
Walkability
+2.9 pts vs. national avg
Nearby Markets
08049
1.3 mi
Pop: 5,273
$94,567
Walk: 7.8
08035
1.3 mi
Pop: 7,530
$124,592
Walk: 13.6
08078
1.7 mi
Pop: 8,058
$97,857
Walk: 12.8
08045
1.7 mi
Pop: 3,124
$70,338
Walk: 11.6
08029
1.9 mi
Pop: 5,417
$95,038
Walk: 10.9
08106
2.2 mi
Pop: 9,678
$107,539
Walk: 15.0
08033
2.2 mi
Pop: 17,364
$143,661
Walk: 13.1
08083
2.4 mi
Pop: 9,626
$87,703
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