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Remodelers Market: ZIP 47802

Opportunity Score

60 / 100 Good

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 47802 is an urban area with high foot traffic. with a population of 33,192 and household incomes near the national median ($58,880). There are 6 remodelers operations in ZIP 47802.

Area Profile

33,192

Population

$58,880

Median Income

-21% vs. national

Urban

Area Type

16.4/20

Foot Traffic

Very Walkable

Median Age: 39.6 — mixed-age market, broad menu appeal.

College-Educated: 19.5% — value-focused market, keep prices competitive.

Competition

Remodelers and related businesses in ZIP 47802.

Remodelers

Moderate — proven market

1.8 per 10K residents

HVAC Contractors

3.6 per 10K residents

Roofing Contractors

1.5 per 10K residents

What this means: Remodelers are 26.1% of the relevant market in ZIP 47802 (6 vs. 17 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$980

2BR Fair Market Rent

$865

Median Gross Rent

$170 K

Median Home Value

Bank Branches

$550 K deposits

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.