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Remodelers Market: ZIP 38104

Opportunity Score

58 / 100 Fair

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

Market Summary

ZIP 38104 is an urban area with high foot traffic. with a population of 22,925 and household incomes near the national median ($56,452). There are 7 remodelers operations in ZIP 38104.

Area Profile

22,925

Population

$56,452

Median Income

-24% vs. national

Urban

Area Type

15.3/20

Foot Traffic

Very Walkable

Median Age: 37.3 — mixed-age market, broad menu appeal.

College-Educated: 40.7% — strong appetite for artisan/specialty food.

Competition

Remodelers and related businesses in ZIP 38104.

Remodelers

Moderate — proven market

3.1 per 10K residents

HVAC Contractors

1.3 per 10K residents

What this means: Remodelers are 70.0% of the relevant market in ZIP 38104 (7 vs. 3 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,500

2BR Fair Market Rent

$1,073

Median Gross Rent

$300 K

Median Home Value

Bank Branches

$730 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.