RemodCost
Showing results for ZIP 24962 (WV)
Home ZIP 21223

Remodelers Market: ZIP 21223

Opportunity Score
49 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 21223 is an urban area with moderate foot traffic. with a population of 19,793 and household incomes below the national median ($41,828). There are 3 remodelers operations in ZIP 21223.

Area Profile

19,793
Population
$41,828
Median Income
-44% vs. national
Urban
Area Type
14.5/20
Foot Traffic
Very Car-Dependent
Median Age: 39.6 — mixed-age market, broad menu appeal.
College-Educated: 8.7% — value-focused market, keep prices competitive.

Competition

Remodelers and related businesses in ZIP 21223.

3
Remodelers
Low competition — room to establish
1.5 per 10K residents

Operating Costs

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

$1,750
2BR Fair Market Rent
$1,110
Median Gross Rent
$94 K
Median Home Value
2
Bank Branches
$90 K deposits

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.
  • Median income sits at $41,828. Price sensitivity is real. Build your model around volume or keep overhead minimal.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits