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Remodelers Market: ZIP 98051

Opportunity Score

60 / 100 Good

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

Market Summary

ZIP 98051 is an urban area with low foot traffic. with a population of 3,555 and household incomes well above the national median ($114,868). There are 4 remodelers operations in ZIP 98051.

Area Profile

3,555

Population

$114,868

Median Income

+54% vs. national

Urban

Area Type

7.9/20

Foot Traffic

Car-Dependent

Median Age: 43.6 — older demographic, may prefer sit-down options.

College-Educated: 21.2% — value-focused market, keep prices competitive.

Competition

Remodelers and related businesses in ZIP 98051.

Remodelers

Low competition — room to establish

11.3 per 10K residents

HVAC Contractors

14.1 per 10K residents

What this means: Remodelers are 44.4% of the relevant market in ZIP 98051 (4 vs. 5 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$2,710

2BR Fair Market Rent

$2,157

Median Gross Rent

$700 K

Median Home Value

Tips for Starting a Home Remodeling Business in Washington

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 $114,868. That gives you pricing room most markets don't offer. Don't underprice.