Remodelers Market: ZIP 98505
Opportunity Score
16
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98505 is an urban area.
Area Profile
636
Population
Urban
Area Type
Median Age: 19.8 —
young market, strong street food demand.
College-Educated: 0.8% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,790
2BR Fair Market 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.
Quick Facts
- Area Type
- Urban
Nearby Markets
98502
3.6 mi
Pop: 35,043
$87,154
Walk: 13.5
98506
7.5 mi
Pop: 18,763
$93,968
Walk: 12.5
98501
9.4 mi
Pop: 46,937
$95,695
Walk: 10.6
98512
9.7 mi
Pop: 31,291
$93,738
Walk: 8.0
98503
12.9 mi
Pop: 42,189
$87,515
Walk: 12.2
98516
13.1 mi
Pop: 28,286
$92,191
Walk: 11.3
98351
16.3 mi
Pop: 1,832
$145,613
98584
16.8 mi
Pop: 40,036
$73,149
Walk: 8.1
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