Remodelers Market: ZIP 47916
Opportunity Score
12
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47916 is an suburban area. with a population of 40 and household incomes near the national median ($51,250).
Area Profile
40
Population
$51,250
Median Income
-31% vs. national
Suburban
Area Type
Median Age: 28.7 —
young market, strong street food demand.
College-Educated: 0.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$970
2BR Fair Market Rent
$60 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
-31% vs. $74,580
Nearby Markets
47990
5.4 mi
Pop: 1,374
$60,640
Walk: 4.0
47989
6.4 mi
Pop: 1,243
$101,369
Walk: 3.4
47949
7.8 mi
Pop: 1,563
$77,750
47965
9.5 mi
Pop: 550
$75,089
Walk: 5.1
47859
10.7 mi
Pop: 1,078
$46,667
47933
11.2 mi
Pop: 28,227
$61,968
Walk: 8.3
46175
13.1 mi
Pop: 451
$72,143
47994
13.9 mi
Pop: 510
$98,125
Walk: 4.6
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