Remodelers Market: ZIP 47247
Opportunity Score
4
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47247 is an urban area.
Area Profile
165
Population
Urban
Area Type
Median Age: 50.7 —
older demographic, may prefer sit-down options.
College-Educated: 5.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,080
2BR Fair Market Rent
$840
Median Gross Rent
$120 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
Nearby Markets
47274
7.0 mi
Pop: 32,786
$72,186
Walk: 6.0
47232
7.6 mi
Pop: 2,329
$81,875
Walk: 3.4
47201
9.8 mi
Pop: 48,602
$82,667
Walk: 9.2
47273
10.5 mi
Pop: 1,838
$79,015
Walk: 4.3
47203
12.4 mi
Pop: 25,106
$73,595
Walk: 7.1
47236
12.9 mi
Pop: 298
47244
16.8 mi
Pop: 570
$68,750
47220
17.0 mi
Pop: 6,070
$69,720
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