Remodelers Market: ZIP 47114
Opportunity Score
30
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47114 is an urban area. with a population of 537 and household incomes above the national median ($74,844).
Area Profile
537
Population
$74,844
Median Income
+0% vs. national
Urban
Area Type
Median Age: 35.3 —
mixed-age market, broad menu appeal.
College-Educated: 19.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,440
2BR Fair Market Rent
$863
Median Gross Rent
$240 K
Median Home Value
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.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+0% vs. $74,580
Nearby Markets
47161
3.2 mi
Pop: 3,362
$84,318
47122
6.2 mi
Pop: 11,230
$106,034
Walk: 8.4
47166
6.7 mi
Pop: 1,531
$72,386
Walk: 3.0
47124
7.2 mi
Pop: 5,514
$111,815
47136
8.3 mi
Pop: 4,787
$96,625
Walk: 4.6
47112
8.6 mi
Pop: 17,123
$66,943
Walk: 5.5
47164
8.8 mi
Pop: 3,319
$62,181
47160
9.1 mi
Pop: 67
$76,250
Walk: 3.7
Check Another Market
Or estimate costs with the RemodCost calculator.
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