Home › ZIP 11716

Remodelers Market: ZIP 11716

Opportunity Score

99 / 100 Excellent

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

Market Summary

ZIP 11716 is an urban area. with a population of 9,750 and household incomes well above the national median ($120,344). There are 24 remodelers operations in ZIP 11716.

Area Profile

9,750

Population

$120,344

Median Income

+61% vs. national

Urban

Area Type

Median Age: 42.6 — older demographic, may prefer sit-down options.

College-Educated: 29.9% — balanced market for quality & value.

Competition

Remodelers and related businesses in ZIP 11716.

Remodelers

Competitive — differentiation needed

24.6 per 10K residents

HVAC Contractors

36.9 per 10K residents

What this means: Remodelers are 40.0% of the relevant market in ZIP 11716 (24 vs. 36 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$2,800

2BR Fair Market Rent

$2,425

Median Gross Rent

$510 K

Median Home Value

Bank Branches

$1.1 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.
The median income here is $120,344. That gives you pricing room most markets don't offer. Don't underprice.