Remodelers Market: ZIP 55027
Opportunity Score
70
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55027 is an suburban area. with a population of 2,948 and household incomes above the national median ($92,857).
Area Profile
2,948
Population
$92,857
Median Income
+25% vs. national
Suburban
Area Type
Median Age: 34.1 —
mixed-age market, broad menu appeal.
College-Educated: 13.2% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,230
2BR Fair Market Rent
$941
Median Gross Rent
$290 K
Median Home Value
2
Bank Branches
$84 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
- Suburban
- Bank Branches
- 2
vs. National Average
Median Income
+25% vs. $74,580
Nearby Markets
55992
7.7 mi
Pop: 5,547
$103,144
Walk: 6.9
55066
8.7 mi
Pop: 19,125
$70,529
Walk: 6.3
55956
10.0 mi
Pop: 2,046
$94,762
55089
14.6 mi
Pop: 1,760
$105,938
Walk: 3.8
55983
15.8 mi
Pop: 1,671
$85,625
55991
16.5 mi
Pop: 1,474
$86,875
Walk: 4.0
55009
18.8 mi
Pop: 8,258
$89,023
Walk: 9.5
55041
19.0 mi
Pop: 7,532
$83,673
Walk: 11.1
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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