Remodelers Market: ZIP 98314
Opportunity Score
66
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98314 is an urban area. with a population of 1,358 and household incomes well above the national median ($179,464).
Area Profile
1,358
Population
$179,464
Median Income
+141% vs. national
Urban
Area Type
Median Age: 21.9 —
young market, strong street food demand.
College-Educated: 4.9% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,810
2BR Fair Market Rent
$2,681
Median Gross Rent
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 $179,464. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+141% vs. $74,580
Nearby Markets
98337
0.1 mi
Pop: 7,872
$73,363
Walk: 15.0
98310
2.4 mi
Pop: 22,170
$73,292
Walk: 13.5
98366
4.5 mi
Pop: 37,692
$88,807
Walk: 11.1
98311
4.5 mi
Pop: 27,947
$98,714
Walk: 9.2
98367
7.2 mi
Pop: 32,203
$105,846
Walk: 4.2
98312
8.5 mi
Pop: 34,273
$85,332
Walk: 11.7
98383
8.9 mi
Pop: 22,047
$106,902
Walk: 7.5
98110
9.3 mi
Pop: 24,607
$159,882
Walk: 8.5
Check Another Market
Or estimate costs with the RemodCost calculator.
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