Remodelers Market: ZIP 61024
Opportunity Score
52
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 61024 is an urban area. with a population of 2,264 and household incomes near the national median ($73,152).
Area Profile
2,264
Population
$73,152
Median Income
-2% vs. national
Urban
Area Type
Median Age: 46.5 —
older demographic, may prefer sit-down options.
College-Educated: 13.9% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$950
2BR Fair Market Rent
$722
Median Gross Rent
$150 K
Median Home Value
1
Bank Branches
$95 K 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.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 1
vs. National Average
Median Income
-2% vs. $74,580
Nearby Markets
61079
5.8 mi
Pop: 220
$46,176
61019
7.8 mi
Pop: 3,341
$100,066
61063
8.6 mi
Pop: 4,257
$88,063
61072
11.0 mi
Pop: 11,342
$102,604
61088
11.9 mi
Pop: 5,992
$94,286
Walk: 5.0
61070
12.1 mi
Pop: 1,325
$83,542
Walk: 4.1
61101
12.1 mi
Pop: 19,671
$45,260
Walk: 7.4
53520
12.2 mi
Pop: 6,758
$74,589
Walk: 2.3
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