Remodelers Market: ZIP 55415
Opportunity Score
93
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55415 is an urban area with high foot traffic. with a population of 6,474 and household incomes well above the national median ($126,480).
Area Profile
6,474
Population
$126,480
Median Income
+70% vs. national
Urban
Area Type
15.7/20
Foot Traffic
Very Walkable
Median Age: 33.2 —
mixed-age market, broad menu appeal.
College-Educated: 55.2% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,530
2BR Fair Market Rent
$1,836
Median Gross Rent
$580 K
Median Home Value
3
Bank Branches
$190 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.
- The median income here is $126,480. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Walkable
- Bank Branches
- 3
vs. National Average
Median Income
+70% vs. $74,580
Walkability
+5.2 pts vs. national avg
Nearby Markets
55404
0.9 mi
Pop: 28,071
$43,932
Walk: 15.7
55402
0.9 mi
Pop: 760
$69,808
55454
1.0 mi
Pop: 8,628
$26,429
55401
1.1 mi
Pop: 11,526
$115,651
55455
1.6 mi
Pop: 5,243
Walk: 14.7
55413
1.9 mi
Pop: 14,328
$84,252
Walk: 16.5
55403
1.9 mi
Pop: 17,354
$59,928
Walk: 16.4
55414
2.5 mi
Pop: 33,739
$47,004
Walk: 16.8
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