Remodelers Market: ZIP 08224
Opportunity Score
40
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 08224 is an urban area. with a population of 158 and household incomes above the national median ($99,583).
Area Profile
158
Population
$99,583
Median Income
+34% vs. national
Urban
Area Type
Median Age: 35.8 —
mixed-age market, broad menu appeal.
College-Educated: 28.5% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,020
2BR Fair Market Rent
$290 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
vs. National Average
Median Income
+34% vs. $74,580
Nearby Markets
08241
4.5 mi
Pop: 1,047
$130,417
Walk: 8.2
08087
5.9 mi
Pop: 25,211
$87,449
Walk: 6.8
08215
7.9 mi
Pop: 13,921
$84,630
Walk: 11.4
08205
8.2 mi
Pop: 28,236
$88,636
Walk: 10.9
08240
8.9 mi
Pop: 2,812
Walk: 11.3
08019
12.3 mi
Pop: 914
$168,036
08201
12.3 mi
Pop: 10,067
$72,120
Walk: 12.8
08092
13.0 mi
Pop: 3,182
$97,058
Walk: 10.1
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