Home › ZIP 10002

Remodelers Market: ZIP 10002

Opportunity Score

70 / 100 Good

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 10002 is an urban area with moderate foot traffic. with a population of 75,517 and household incomes below the national median ($46,525). There are 31 remodelers operations in ZIP 10002.

Area Profile

75,517

Population

$46,525

Median Income

-38% vs. national

Urban

Area Type

13.9/20

Foot Traffic

Walkable

Median Age: 42.9 — older demographic, may prefer sit-down options.

College-Educated: 30.7% — balanced market for quality & value.

Competition

Remodelers and related businesses in ZIP 10002.

Remodelers

Competitive — differentiation needed

4.1 per 10K residents

HVAC Contractors

2.1 per 10K residents

What this means: Remodelers are 66.0% of the relevant market in ZIP 10002 (31 vs. 16 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$2,480

2BR Fair Market Rent

$1,207

Median Gross Rent

$810 K

Median Home Value

Bank Branches

$2 M deposits

Tips for Starting a Home Remodeling Business in New York

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.