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Showing results for ZIP 07843 (NJ)
Home ZIP 38050

Remodelers Market: ZIP 38050

Opportunity Score
21 / 100 Challenging
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 38050 is an urban area with low foot traffic. with a population of 425 and household incomes near the national median ($63,224).

Area Profile

425
Population
$63,224
Median Income
-15% vs. national
Urban
Area Type
3.5/20
Foot Traffic
Very Car-Dependent
Median Age: 63.2 — older demographic, may prefer sit-down options.
College-Educated: 20.0% — value-focused market, keep prices competitive.

Operating Costs

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

$990
2BR Fair Market Rent
$845
Median Gross Rent
$94 K
Median Home Value
1
Bank Branches
$12 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.

Quick Facts

Area Type
Urban
Foot Traffic
Very Car-Dependent
Bank Branches
1

vs. National Average

Median Income
-15% vs. $74,580
Walkability
-7.0 pts vs. national avg

Check Another Market

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Data sources

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