Remodelers Market: ZIP 62894
Opportunity Score
38
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 62894 is an suburban area. with a population of 814 and household incomes above the national median ($80,284).
Area Profile
814
Population
$80,284
Median Income
+8% vs. national
Suburban
Area Type
Median Age: 47.6 —
older demographic, may prefer sit-down options.
College-Educated: 17.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$870
2BR Fair Market Rent
$656
Median Gross Rent
$110 K
Median Home Value
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
- Suburban
vs. National Average
Median Income
+8% vs. $74,580
Nearby Markets
62883
5.3 mi
Pop: 599
$112,625
62816
8.2 mi
Pop: 1,156
$55,337
62884
8.6 mi
Pop: 2,764
$57,386
Walk: 6.2
62898
9.8 mi
Pop: 2,018
$74,297
Walk: 4.5
62876
11.7 mi
Pop: 135
$52,708
Walk: 3.9
62897
11.9 mi
Pop: 573
$49,444
Walk: 5.4
62808
12.3 mi
Pop: 1,819
$67,071
62864
12.6 mi
Pop: 23,061
$58,082
Walk: 7.4
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