Remodelers Market: ZIP 47324
Opportunity Score
24
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47324 is an suburban area. with a population of 262 and household incomes near the national median ($67,734).
Area Profile
262
Population
$67,734
Median Income
-9% vs. national
Suburban
Area Type
Median Age: 33.6 —
mixed-age market, broad menu appeal.
College-Educated: 5.3% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,060
2BR Fair Market Rent
$942
Median Gross Rent
$75 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
- Suburban
vs. National Average
Median Income
-9% vs. $74,580
Nearby Markets
47374
6.9 mi
Pop: 45,186
$52,566
Walk: 7.3
47353
9.6 mi
Pop: 5,111
$80,391
Walk: 4.2
45003
11.6 mi
Pop: 666
$67,685
47325
11.6 mi
Pop: 578
$76,302
45347
11.7 mi
Pop: 4,029
$68,073
Walk: 4.4
45320
11.8 mi
Pop: 15,402
$68,740
Walk: 7.5
47330
12.2 mi
Pop: 5,346
$64,969
Walk: 6.4
47003
12.6 mi
Pop: 1,038
$79,205
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