Remodelers Market: ZIP 24554
Opportunity Score
49
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 24554 is an urban area with low foot traffic. with a population of 3,564 and household incomes near the national median ($54,795).
Area Profile
3,564
Population
$54,795
Median Income
-27% vs. national
Urban
Area Type
6.1/20
Foot Traffic
Car-Dependent
Median Age: 45.5 —
older demographic, may prefer sit-down options.
College-Educated: 17.0% —
value-focused market, keep prices competitive.
Competition
Remodelers and related businesses in ZIP 24554.
3
HVAC Contractors
8.4 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,080
2BR Fair Market Rent
$956
Median Gross Rent
$140 K
Median Home Value
Tips for Starting a Home Remodeling Business in Virginia
- 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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Related Businesses
- 3
vs. National Average
Median Income
-27% vs. $74,580
Walkability
-4.4 pts vs. national avg
Nearby Markets
24569
6.5 mi
Pop: 1,025
$50,208
Walk: 3.8
24588
10.0 mi
Pop: 8,664
$68,869
Walk: 5.2
24517
11.5 mi
Pop: 4,932
$51,141
Walk: 8.3
24577
13.6 mi
Pop: 4,701
$47,574
24528
13.8 mi
Pop: 3,793
$56,014
Walk: 3.7
24563
14.5 mi
Pop: 5,014
$44,296
Walk: 4.7
24550
16.1 mi
Pop: 7,941
$68,026
Walk: 11.1
24593
18.3 mi
Pop: 2,098
$75,147
Walk: 4.1
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