Remodelers Market: ZIP 55406
Opportunity Score
83
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55406 is an urban area with high foot traffic. with a population of 35,863 and household incomes above the national median ($91,865). There are 22 remodelers operations in ZIP 55406.
Area Profile
35,863
Population
$91,865
Median Income
+23% vs. national
Urban
Area Type
15.4/20
Foot Traffic
Very Walkable
Median Age: 39.7 —
mixed-age market, broad menu appeal.
College-Educated: 43.1% —
strong appetite for artisan/specialty food.
Competition
Remodelers and related businesses in ZIP 55406.
22
Remodelers
Competitive — differentiation needed
6.1 per 10K residents
3
HVAC Contractors
0.8 per 10K residents
5
Roofing Contractors
1.4 per 10K residents
What this means:
Remodelers are 73.3% of the relevant market in ZIP 55406 (22 vs. 8 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,580
2BR Fair Market Rent
$1,276
Median Gross Rent
$340 K
Median Home Value
5
Bank Branches
$730 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
- Foot Traffic
- Very Walkable
- Remodelers
- 22
- Related Businesses
- 8
- Bank Branches
- 5
vs. National Average
Median Income
+23% vs. $74,580
Walkability
+4.9 pts vs. national avg
Nearby Markets
55407
2.2 mi
Pop: 36,992
$78,206
Walk: 14.5
55417
2.5 mi
Pop: 25,677
$122,639
Walk: 14.1
55114
2.6 mi
Pop: 4,655
$65,236
Walk: 15.1
55414
2.7 mi
Pop: 33,739
$47,004
Walk: 16.8
55455
2.7 mi
Pop: 5,243
Walk: 14.7
55454
2.9 mi
Pop: 8,628
$26,429
55404
3.2 mi
Pop: 28,071
$43,932
Walk: 15.7
55415
3.5 mi
Pop: 6,474
$126,480
Walk: 15.7
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