Remodelers Market: ZIP 48464
Opportunity Score
33
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48464 is an urban area with low foot traffic. with a population of 1,986 and household incomes near the national median ($64,464).
Area Profile
1,986
Population
$64,464
Median Income
-14% vs. national
Urban
Area Type
2.6/20
Foot Traffic
Very Car-Dependent
Median Age: 51.5 —
older demographic, may prefer sit-down options.
College-Educated: 14.3% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,170
2BR Fair Market Rent
$1,367
Median Gross Rent
$190 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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
vs. National Average
Median Income
-14% vs. $74,580
Walkability
-7.9 pts vs. national avg
Nearby Markets
48421
4.2 mi
Pop: 6,488
$69,597
48435
4.8 mi
Pop: 2,592
$83,142
48463
7.6 mi
Pop: 4,536
$69,893
48746
9.1 mi
Pop: 8,148
$67,879
Walk: 3.8
48744
10.3 mi
Pop: 4,387
$58,435
48446
12.2 mi
Pop: 30,807
$66,382
Walk: 5.6
48423
13.5 mi
Pop: 33,508
$64,096
Walk: 6.3
48760
13.6 mi
Pop: 1,361
$59,083
Walk: 2.6
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