Remodelers Market: ZIP 47958
Opportunity Score
32
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47958 is an rural area. with a population of 196 and household incomes above the national median ($84,583).
Area Profile
196
Population
$84,583
Median Income
+13% vs. national
Rural
Area Type
Median Age: 37.0 —
mixed-age market, broad menu appeal.
College-Educated: 12.8% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$930
2BR Fair Market Rent
$480
Median Gross Rent
$150 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.
- This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.
Quick Facts
- Area Type
- Rural
vs. National Average
Median Income
+13% vs. $74,580
Nearby Markets
47969
2.7 mi
Pop: 250
$51,875
47994
4.7 mi
Pop: 510
$98,125
Walk: 4.6
47987
6.7 mi
Pop: 3,705
$71,875
Walk: 7.5
47949
7.2 mi
Pop: 1,563
$77,750
47990
9.4 mi
Pop: 1,374
$60,640
Walk: 4.0
47918
10.2 mi
Pop: 5,159
$64,804
Walk: 10.8
47967
10.5 mi
Pop: 853
$80,139
47992
12.7 mi
Pop: 1,523
$106,458
Walk: 3.3
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