Remodelers Market: ZIP 20763
Opportunity Score
78
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 20763 is an urban area. with a population of 2,320 and household incomes well above the national median ($119,083).
Area Profile
2,320
Population
$119,083
Median Income
+60% vs. national
Urban
Area Type
Median Age: 35.8 —
mixed-age market, broad menu appeal.
College-Educated: 38.3% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,320
2BR Fair Market Rent
$2,140
Median Gross Rent
$410 K
Median Home Value
Tips for Starting a Home Remodeling Business in Maryland
- 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 $119,083. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+60% vs. $74,580
Nearby Markets
20794
2.0 mi
Pop: 16,182
$105,441
Walk: 10.4
20701
2.2 mi
Pop: 749
$81,763
21046
2.7 mi
Pop: 15,433
$126,549
Walk: 12.2
20723
3.3 mi
Pop: 36,319
$129,870
Walk: 9.8
20724
4.4 mi
Pop: 18,669
$109,530
Walk: 11.0
21045
4.8 mi
Pop: 40,866
$117,323
Walk: 13.5
20707
5.3 mi
Pop: 36,549
$104,093
Walk: 14.0
20755
5.8 mi
Pop: 10,477
$102,886
Walk: 7.5
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