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Showing results for ZIP 55810 (MN)
Home ZIP 62243

Remodelers Market: ZIP 62243

Opportunity Score
69 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 62243 is an urban area with low foot traffic. with a population of 6,522 and household incomes above the national median ($93,328).

Area Profile

6,522
Population
$93,328
Median Income
+25% vs. national
Urban
Area Type
7.0/20
Foot Traffic
Car-Dependent
Median Age: 40.9 — older demographic, may prefer sit-down options.
College-Educated: 22.9% — value-focused market, keep prices competitive.

Operating Costs

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

$1,270
2BR Fair Market Rent
$1,100
Median Gross Rent
$270 K
Median Home Value
2
Bank Branches
$210 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.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits