Remodelers Market: ZIP 55976
Opportunity Score
65
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55976 is an urban area with low foot traffic. with a population of 8,542 and household incomes above the national median ($79,044).
Area Profile
8,542
Population
$79,044
Median Income
+6% vs. national
Urban
Area Type
7.9/20
Foot Traffic
Car-Dependent
Median Age: 38.1 —
mixed-age market, broad menu appeal.
College-Educated: 20.1% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,220
2BR Fair Market Rent
$977
Median Gross Rent
$280 K
Median Home Value
3
Bank Branches
$110 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
- Car-Dependent
- Bank Branches
- 3
vs. National Average
Median Income
+6% vs. $74,580
Walkability
-2.6 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