Remodelers Market: ZIP 46403
Opportunity Score
49
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 46403 is an urban area with low foot traffic. with a population of 10,697 and household incomes below the national median ($44,114).
Area Profile
10,697
Population
$44,114
Median Income
-41% vs. national
Urban
Area Type
6.2/20
Foot Traffic
Car-Dependent
Median Age: 41.7 —
older demographic, may prefer sit-down options.
College-Educated: 17.3% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,050
2BR Fair Market Rent
$939
Median Gross Rent
$150 K
Median Home Value
4
Bank Branches
$160 K deposits
Tips for Starting a Home Remodeling Business in Indiana
- 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 $44,114. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Bank Branches
- 4
vs. National Average
Median Income
-41% vs. $74,580
Walkability
-4.3 pts vs. national avg
Nearby Markets
46405
2.6 mi
Pop: 11,509
$57,005
Walk: 7.5
46407
5.5 mi
Pop: 8,889
$25,551
Walk: 8.0
46402
5.5 mi
Pop: 5,636
$29,125
Walk: 8.3
46368
5.6 mi
Pop: 40,237
$72,638
Walk: 7.8
46409
6.3 mi
Pop: 7,072
$40,637
Walk: 7.4
46342
6.4 mi
Pop: 32,525
$72,163
Walk: 7.5
46404
8.2 mi
Pop: 16,846
$39,188
Walk: 8.0
46408
8.8 mi
Pop: 15,571
$47,063
Walk: 7.2
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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