Remodelers Market: ZIP 37118
Opportunity Score
46
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37118 is an urban area. with a population of 1,087 and household incomes above the national median ($86,447).
Area Profile
1,087
Population
$86,447
Median Income
+16% vs. national
Urban
Area Type
Median Age: 50.2 —
older demographic, may prefer sit-down options.
College-Educated: 19.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,460
2BR Fair Market Rent
$460 K
Median Home Value
Tips for Starting a Home Remodeling Business in Tennessee
- 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
vs. National Average
Median Income
+16% vs. $74,580
Nearby Markets
37016
5.8 mi
Pop: 851
$64,417
37085
6.5 mi
Pop: 6,102
$123,469
37149
8.1 mi
Pop: 2,575
$68,733
Walk: 3.3
37130
9.5 mi
Pop: 57,768
$60,389
Walk: 8.4
37184
11.5 mi
Pop: 7,224
$73,862
Walk: 3.4
37190
12.4 mi
Pop: 9,267
$59,104
Walk: 4.9
37132
13.1 mi
Pop: 2,698
Walk: 12.2
37127
13.9 mi
Pop: 22,029
$85,947
Walk: 4.4
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