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Remodelers Market: ZIP 38016

Opportunity Score

58 / 100 Fair

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 38016 is an urban area with low foot traffic. with a population of 44,390 and household incomes above the national median ($75,719). There are 9 remodelers operations in ZIP 38016.

Area Profile

44,390

Population

$75,719

Median Income

+2% vs. national

Urban

Area Type

8.6/20

Foot Traffic

Car-Dependent

Median Age: 37.5 — mixed-age market, broad menu appeal.

College-Educated: 28.4% — balanced market for quality & value.

Competition

Remodelers and related businesses in ZIP 38016.

Remodelers

Moderate — proven market

2.0 per 10K residents

HVAC Contractors

1.4 per 10K residents

What this means: Remodelers are 60.0% of the relevant market in ZIP 38016 (9 vs. 6 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,740

2BR Fair Market Rent

$1,407

Median Gross Rent

$260 K

Median Home Value

Bank Branches

$400 K deposits

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.