RemodCost
Showing results for ZIP 62935 (IL)
Home ZIP 31401

Remodelers Market: ZIP 31401

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

Market Summary

ZIP 31401 is an urban area with high foot traffic. with a population of 20,562 and household incomes near the national median ($50,182). There are 7 remodelers operations in ZIP 31401.

Area Profile

20,562
Population
$50,182
Median Income
-33% vs. national
Urban
Area Type
15.3/20
Foot Traffic
Very Walkable
Median Age: 27.6 — young market, strong street food demand.
College-Educated: 27.3% — balanced market for quality & value.

Competition

Remodelers and related businesses in ZIP 31401.

7
Remodelers
Moderate — proven market
3.4 per 10K residents
5
HVAC Contractors
2.4 per 10K residents
What this means: Remodelers are 58.3% of the relevant market in ZIP 31401 (7 vs. 5 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,730
2BR Fair Market Rent
$1,428
Median Gross Rent
$480 K
Median Home Value
14
Bank Branches
$3.5 M deposits

Tips for Starting a Home Remodeling Business in Georgia

  • 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
Very Walkable
Remodelers
7
Related Businesses
5
Bank Branches
14

vs. National Average

Median Income
-33% vs. $74,580
Walkability
+4.8 pts vs. national avg

Check Another Market

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