Remodelers Market: ZIP 55018
Opportunity Score
46
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55018 is an urban area. with a population of 931 and household incomes above the national median ($91,071).
Area Profile
931
Population
$91,071
Median Income
+22% vs. national
Urban
Area Type
Median Age: 50.3 —
older demographic, may prefer sit-down options.
College-Educated: 21.6% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,570
2BR Fair Market Rent
$1,337
Median Gross Rent
$320 K
Median Home Value
1
Bank Branches
$24 K deposits
Tips for Starting a Home Remodeling Business in Minnesota
- 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
- Bank Branches
- 1
vs. National Average
Median Income
+22% vs. $74,580
Nearby Markets
55053
7.2 mi
Pop: 995
$107,188
55009
9.0 mi
Pop: 8,258
$89,023
Walk: 9.5
55065
9.8 mi
Pop: 1,320
$116,500
Walk: 5.0
55946
10.8 mi
Pop: 3,366
$80,461
Walk: 4.0
55031
13.7 mi
Pop: 1,682
$113,654
55057
14.0 mi
Pop: 25,458
$97,521
Walk: 9.3
55983
14.9 mi
Pop: 1,671
$85,625
55024
18.1 mi
Pop: 36,681
$123,582
Walk: 7.3
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