Remodelers Market: ZIP 48204
Opportunity Score
56
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48204 is an urban area with moderate foot traffic. with a population of 19,723 and household incomes below the national median ($32,875).
Area Profile
19,723
Population
$32,875
Median Income
-56% vs. national
Urban
Area Type
12.4/20
Foot Traffic
Walkable
Median Age: 41.0 —
older demographic, may prefer sit-down options.
College-Educated: 7.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,170
2BR Fair Market Rent
$970
Median Gross Rent
$54 K
Median Home Value
Tips for Starting a Home Remodeling Business in Michigan
- 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.
- Median income sits at $32,875. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
vs. National Average
Median Income
-56% vs. $74,580
Walkability
+1.9 pts vs. national avg
Nearby Markets
48238
2.1 mi
Pop: 24,569
$30,286
Walk: 12.5
48210
2.2 mi
Pop: 26,925
$38,900
Walk: 12.4
48206
2.5 mi
Pop: 16,447
$43,702
Walk: 11.9
48227
3.7 mi
Pop: 39,474
$36,221
Walk: 12.5
48208
3.7 mi
Pop: 7,904
$29,742
Walk: 14.2
48126
3.9 mi
Pop: 52,075
$42,353
Walk: 14.7
48221
4.3 mi
Pop: 41,750
$55,583
Walk: 12.9
48209
4.5 mi
Pop: 27,534
$42,152
Walk: 13.1
Check Another Market
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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