Remodelers Market: ZIP 56216
Opportunity Score
32
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 56216 is an suburban area. with a population of 611 and household incomes near the national median ($73,088).
Area Profile
611
Population
$73,088
Median Income
-2% vs. national
Suburban
Area Type
Median Age: 48.6 —
older demographic, may prefer sit-down options.
College-Educated: 11.9% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,370
2BR Fair Market Rent
$1,352
Median Gross Rent
$140 K
Median Home Value
1
Bank Branches
$30 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
- 1
vs. National Average
Median Income
-2% vs. $74,580
Nearby Markets
56281
7.3 mi
Pop: 742
$105,121
56230
10.6 mi
Pop: 746
$65,000
56201
11.1 mi
Pop: 24,860
$68,054
Walk: 9.3
56282
12.8 mi
Pop: 1,443
$71,103
Walk: 6.2
56277
12.9 mi
Pop: 2,962
$69,265
Walk: 6.9
56253
13.4 mi
Pop: 737
$73,984
Walk: 4.5
56284
15.7 mi
Pop: 2,099
$75,417
Walk: 4.7
56251
16.9 mi
Pop: 908
$75,938
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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