Remodelers Market: ZIP 62420
Opportunity Score
72
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 62420 is an rural area. with a population of 4,361 and household incomes near the national median ($68,235).
Area Profile
4,361
Population
$68,235
Median Income
-9% vs. national
Rural
Area Type
Median Age: 39.0 —
mixed-age market, broad menu appeal.
College-Educated: 11.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$910
2BR Fair Market Rent
$738
Median Gross Rent
$120 K
Median Home Value
3
Bank Branches
$250 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.
- This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.
Quick Facts
- Area Type
- Rural
- Bank Branches
- 3
vs. National Average
Median Income
-9% vs. $74,580
Nearby Markets
62428
9.7 mi
Pop: 2,614
$56,392
62442
10.1 mi
Pop: 2,629
$65,000
Walk: 7.5
62481
11.2 mi
Pop: 399
$76,833
Walk: 2.4
62474
12.0 mi
Pop: 651
$64,861
Walk: 3.3
62432
14.5 mi
Pop: 636
$160,833
62413
15.1 mi
Pop: 315
$104,000
62468
18.8 mi
Pop: 2,311
$67,708
Walk: 4.5
62478
19.1 mi
Pop: 308
$88,846
Walk: 3.3
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