Remodelers Market: ZIP 47638
Opportunity Score
61
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47638 is an urban area with low foot traffic. with a population of 3,766 and household incomes above the national median ($84,311).
Area Profile
3,766
Population
$84,311
Median Income
+13% vs. national
Urban
Area Type
5.6/20
Foot Traffic
Very Car-Dependent
Median Age: 43.7 —
older demographic, may prefer sit-down options.
College-Educated: 20.8% —
value-focused market, keep prices competitive.
Competition
Remodelers and related businesses in ZIP 47638.
4
HVAC Contractors
10.6 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$970
2BR Fair Market Rent
$916
Median Gross Rent
$260 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
- Foot Traffic
- Very Car-Dependent
- Related Businesses
- 4
vs. National Average
Median Income
+13% vs. $74,580
Walkability
-4.9 pts vs. national avg
Nearby Markets
47633
7.2 mi
Pop: 2,402
$71,136
47631
9.1 mi
Pop: 2,085
$60,509
47720
9.4 mi
Pop: 17,103
$76,968
Walk: 6.9
47612
10.4 mi
Pop: 784
$66,750
47620
12.7 mi
Pop: 12,533
$74,869
Walk: 7.3
47712
13.1 mi
Pop: 24,999
$64,285
Walk: 5.5
47710
14.2 mi
Pop: 18,802
$45,324
Walk: 10.0
47616
14.8 mi
Pop: 214
$80,208
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