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Remodelers Market: ZIP 89118

Opportunity Score

76 / 100 Good

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 89118 is an urban area with moderate foot traffic. with a population of 23,299 and household incomes near the national median ($67,384). There are 24 remodelers operations in ZIP 89118.

Area Profile

23,299

Population

$67,384

Median Income

-10% vs. national

Urban

Area Type

13.3/20

Foot Traffic

Walkable

Median Age: 40.7 — older demographic, may prefer sit-down options.

College-Educated: 20.4% — value-focused market, keep prices competitive.

Competition

Remodelers and related businesses in ZIP 89118.

Remodelers

Competitive — differentiation needed

10.3 per 10K residents

HVAC Contractors

27.9 per 10K residents

Roofing Contractors

3.0 per 10K residents

What this means: Remodelers are 25.0% of the relevant market in ZIP 89118 (24 vs. 72 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,880

2BR Fair Market Rent

$1,501

Median Gross Rent

$390 K

Median Home Value

Bank Branches

$1.3 M deposits

Tips for Starting a Home Remodeling Business in Nevada

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.