RemodCost
Showing results for ZIP 38242 (TN)
Home ZIP 77316

Remodelers Market: ZIP 77316

Opportunity Score
88 / 100 Excellent
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 77316 is an urban area. with a population of 31,917 and household incomes well above the national median ($129,418). There are 16 remodelers operations in ZIP 77316.

Area Profile

31,917
Population
$129,418
Median Income
+74% vs. national
Urban
Area Type
Median Age: 40.2 — older demographic, may prefer sit-down options.
College-Educated: 29.3% — balanced market for quality & value.

Competition

Remodelers and related businesses in ZIP 77316.

16
Remodelers
Moderate — proven market
5.0 per 10K residents
21
HVAC Contractors
6.6 per 10K residents
5
Roofing Contractors
1.6 per 10K residents
What this means: Remodelers are 38.1% of the relevant market in ZIP 77316 (16 vs. 26 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,820
2BR Fair Market Rent
$1,419
Median Gross Rent
$400 K
Median Home Value
2
Bank Branches
$99 K deposits

Tips for Starting a Home Remodeling Business in Texas

  • 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.
  • The median income here is $129,418. That gives you pricing room most markets don't offer. Don't underprice.

Data sources

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