Remodelers Market: ZIP 48223
Opportunity Score
57
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48223 is an urban area with moderate foot traffic. with a population of 24,262 and household incomes below the national median ($42,324).
Area Profile
24,262
Population
$42,324
Median Income
-43% vs. national
Urban
Area Type
11.7/20
Foot Traffic
Walkable
Median Age: 34.0 —
mixed-age market, broad menu appeal.
College-Educated: 12.1% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,230
2BR Fair Market Rent
$1,013
Median Gross Rent
$88 K
Median Home Value
3
Bank Branches
$150 K deposits
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 $42,324. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Bank Branches
- 3
vs. National Average
Median Income
-43% vs. $74,580
Walkability
+1.2 pts vs. national avg
Nearby Markets
48219
2.2 mi
Pop: 45,788
$43,882
Walk: 12.2
48239
3.0 mi
Pop: 37,039
$69,373
Walk: 9.9
48228
3.3 mi
Pop: 52,719
$31,485
Walk: 12.3
48227
3.7 mi
Pop: 39,474
$36,221
Walk: 12.5
48235
4.2 mi
Pop: 46,960
$41,011
Walk: 13.1
48240
4.4 mi
Pop: 17,097
$57,970
Walk: 8.9
48127
4.7 mi
Pop: 39,943
$63,084
Walk: 9.8
48075
4.8 mi
Pop: 23,158
$67,630
Walk: 10.9
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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