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Remodelers Market: ZIP 38115

Opportunity Score

47 / 100 Fair

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

Market Summary

ZIP 38115 is an urban area with moderate foot traffic. with a population of 36,878 and household incomes below the national median ($42,931). There are 3 remodelers operations in ZIP 38115.

Area Profile

36,878

Population

$42,931

Median Income

-42% vs. national

Urban

Area Type

12.2/20

Foot Traffic

Walkable

Median Age: 29.9 — young market, strong street food demand.

College-Educated: 8.7% — value-focused market, keep prices competitive.

Competition

Remodelers and related businesses in ZIP 38115.

Remodelers

Low competition — room to establish

0.8 per 10K residents

HVAC Contractors

1.4 per 10K residents

What this means: Remodelers are 37.5% of the relevant market in ZIP 38115 (3 vs. 5 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,400

2BR Fair Market Rent

$1,129

Median Gross Rent

$130 K

Median Home Value

Bank Branches

$470 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.
Median income sits at $42,931. Price sensitivity is real. Build your model around volume or keep overhead minimal.