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Remodelers Market: ZIP 98368

Opportunity Score

70 / 100 Good

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

Market Summary

ZIP 98368 is an suburban area with moderate foot traffic. with a population of 17,401 and household incomes near the national median ($67,061). There are 22 remodelers operations in ZIP 98368.

Area Profile

17,401

Population

$67,061

Median Income

-10% vs. national

Suburban

Area Type

10.8/20

Foot Traffic

Walkable

Median Age: 59.5 — older demographic, may prefer sit-down options.

College-Educated: 42.8% — strong appetite for artisan/specialty food.

Competition

Remodelers and related businesses in ZIP 98368.

Remodelers

Competitive — differentiation needed

12.6 per 10K residents

HVAC Contractors

2.3 per 10K residents

What this means: Remodelers are 84.6% of the relevant market in ZIP 98368 (22 vs. 4 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,230

2BR Fair Market Rent

$1,349

Median Gross Rent

$510 K

Median Home Value

Bank Branches

$630 K 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.