Remodelers Market: ZIP 62920
Opportunity Score
54
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 62920 is an rural area. with a population of 2,872 and household incomes near the national median ($61,875).
Area Profile
2,872
Population
$61,875
Median Income
-17% vs. national
Rural
Area Type
Median Age: 49.5 —
older demographic, may prefer sit-down options.
College-Educated: 18.3% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$920
2BR Fair Market Rent
$150 K
Median Home Value
1
Bank Branches
$26 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
- 1
vs. National Average
Median Income
-17% vs. $74,580
Nearby Markets
62906
7.3 mi
Pop: 7,218
$46,615
62958
7.3 mi
Pop: 2,069
$68,309
Walk: 4.9
62903
8.9 mi
Pop: 2,533
$39,526
62905
9.3 mi
Pop: 741
$52,778
62975
11.3 mi
Pop: 177
$59,464
Walk: 2.8
62902
11.7 mi
Pop: 4,217
$75,313
Walk: 8.0
62952
12.1 mi
Pop: 2,950
$57,206
Walk: 7.7
62901
13.0 mi
Pop: 22,920
$32,960
Walk: 8.8
Check Another Market
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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