Remodelers Market: ZIP 47901
Opportunity Score
60
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47901 is an urban area. with a population of 4,342 and household incomes below the national median ($46,425).
Area Profile
4,342
Population
$46,425
Median Income
-38% vs. national
Urban
Area Type
Median Age: 30.1 —
mixed-age market, broad menu appeal.
College-Educated: 38.1% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,100
2BR Fair Market Rent
$954
Median Gross Rent
$260 K
Median Home Value
10
Bank Branches
$1 M 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.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 10
vs. National Average
Median Income
-38% vs. $74,580
Nearby Markets
47904
1.7 mi
Pop: 16,340
$46,841
Walk: 15.1
47907
1.7 mi
Pop: 0
Walk: 13.3
47909
6.4 mi
Pop: 42,971
$67,341
Walk: 12.2
47906
8.1 mi
Pop: 74,283
$51,736
Walk: 13.1
47905
8.7 mi
Pop: 42,109
$63,115
Walk: 10.7
47941
8.7 mi
Pop: 1,047
$74,500
Walk: 3.1
47920
9.3 mi
Pop: 2,478
$108,992
47924
10.4 mi
Pop: 75
Walk: 4.1
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