RemodCost
Showing results for ZIP 60938 (IL)
Home ZIP 24016

Remodelers Market: ZIP 24016

Opportunity Score
57 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 24016 is an urban area with moderate foot traffic. with a population of 9,828 and household incomes below the national median ($43,727). There are 9 remodelers operations in ZIP 24016.

Area Profile

9,828
Population
$43,727
Median Income
-41% vs. national
Urban
Area Type
14.9/20
Foot Traffic
Very Car-Dependent
Median Age: 32.8 — mixed-age market, broad menu appeal.
College-Educated: 17.4% — value-focused market, keep prices competitive.

Competition

Remodelers and related businesses in ZIP 24016.

9
Remodelers
Moderate — proven market
9.2 per 10K residents
4
HVAC Contractors
4.1 per 10K residents
What this means: Remodelers are 69.2% of the relevant market in ZIP 24016 (9 vs. 4 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,130
2BR Fair Market Rent
$972
Median Gross Rent
$120 K
Median Home Value

Quick Facts

Area Type
Urban
Foot Traffic
Very Car-Dependent
Remodelers
9
Related Businesses
4

vs. National Average

Median Income
-41% vs. $74,580
Walkability
+4.4 pts vs. national avg

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Or estimate costs with the RemodCost calculator.

Data sources

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