Remodelers Market: ZIP 55731
Opportunity Score
52
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55731 is an rural area with moderate foot traffic. with a population of 5,292 and household incomes near the national median ($62,900). There are 5 remodelers operations in ZIP 55731.
Area Profile
5,292
Population
$62,900
Median Income
-16% vs. national
Rural
Area Type
10.4/20
Foot Traffic
Walkable
Median Age: 59.8 —
older demographic, may prefer sit-down options.
College-Educated: 33.3% —
balanced market for quality & value.
Competition
Remodelers and related businesses in ZIP 55731.
5
Remodelers
Low competition — room to establish
9.4 per 10K residents
6
HVAC Contractors
11.3 per 10K residents
What this means:
Remodelers are 45.5% of the relevant market in ZIP 55731 (5 vs. 6 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,020
2BR Fair Market Rent
$641
Median Gross Rent
$200 K
Median Home Value
3
Bank Branches
$150 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.
- This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.
Quick Facts
- Area Type
- Rural
- Foot Traffic
- Walkable
- Remodelers
- 5
- Related Businesses
- 6
- Bank Branches
- 3
vs. National Average
Median Income
-16% vs. $74,580
Walkability
-0.1 pts vs. national avg
Nearby Markets
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