Home › ZIP 98116

Remodelers Market: ZIP 98116

Opportunity Score

92 / 100 Excellent

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

Market Summary

ZIP 98116 is an urban area with moderate foot traffic. with a population of 28,091 and household incomes well above the national median ($130,504). There are 27 remodelers operations in ZIP 98116.

Area Profile

28,091

Population

$130,504

Median Income

+75% vs. national

Urban

Area Type

14.2/20

Foot Traffic

Very Car-Dependent

Median Age: 40.5 — older demographic, may prefer sit-down options.

College-Educated: 54.6% — strong appetite for artisan/specialty food.

Competition

Remodelers and related businesses in ZIP 98116.

Remodelers

Competitive — differentiation needed

9.6 per 10K residents

Operating Costs

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

$2,680

2BR Fair Market Rent

$2,033

Median Gross Rent

$920 K

Median Home Value

Bank Branches

$1.5 M deposits

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 $130,504. That gives you pricing room most markets don't offer. Don't underprice.