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Remodelers Market: ZIP 60173

Opportunity Score

76 / 100 Good

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 60173 is an urban area with low foot traffic. with a population of 13,892 and household incomes above the national median ($99,975). There are 21 remodelers operations in ZIP 60173.

Area Profile

13,892

Population

$99,975

Median Income

+34% vs. national

Urban

Area Type

8.7/20

Foot Traffic

Car-Dependent

Median Age: 35.1 — mixed-age market, broad menu appeal.

College-Educated: 49.9% — strong appetite for artisan/specialty food.

Competition

Remodelers and related businesses in ZIP 60173.

Remodelers

Competitive — differentiation needed

15.1 per 10K residents

HVAC Contractors

8.6 per 10K residents

Roofing Contractors

5.0 per 10K residents

What this means: Remodelers are 52.5% of the relevant market in ZIP 60173 (21 vs. 19 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$2,300

2BR Fair Market Rent

$1,786

Median Gross Rent

$310 K

Median Home Value

Bank Branches

$3.7 M deposits

Tips for Starting a Home Remodeling Business in Illinois

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.