Remodelers Market: ZIP 47406
Opportunity Score
88
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47406 is an urban area with moderate foot traffic.
Area Profile
8,356
Population
Urban
Area Type
15.0/20
Foot Traffic
Very Car-Dependent
Median Age: 19.2 —
young market, strong street food demand.
College-Educated: 1.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,200
2BR Fair Market Rent
$1,188
Median Gross Rent
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
- Foot Traffic
- Very Car-Dependent
vs. National Average
Walkability
+4.5 pts vs. national avg
Nearby Markets
47405
0.7 mi
Pop: 1,249
47408
5.0 mi
Pop: 21,660
$45,584
Walk: 13.1
47404
6.1 mi
Pop: 23,614
$54,674
Walk: 12.1
47401
7.1 mi
Pop: 40,084
$65,643
Walk: 12.8
47458
7.3 mi
Pop: 19
Walk: 5.3
47403
9.1 mi
Pop: 34,410
$68,703
Walk: 10.8
47429
9.8 mi
Pop: 7,402
$88,625
Walk: 6.2
47468
11.4 mi
Pop: 1,195
$81,979
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