RemodCost
Showing results for ZIP 46516 (IN)
Home ZIP 98661

Remodelers Market: ZIP 98661

Opportunity Score
77 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 98661 is an urban area with moderate foot traffic. with a population of 52,027 and household incomes above the national median ($75,037). There are 28 remodelers operations in ZIP 98661.

Area Profile

52,027
Population
$75,037
Median Income
+1% vs. national
Urban
Area Type
12.4/20
Foot Traffic
Walkable
Median Age: 35.2 — mixed-age market, broad menu appeal.
College-Educated: 18.1% — value-focused market, keep prices competitive.

Competition

Remodelers and related businesses in ZIP 98661.

28
Remodelers
Competitive — differentiation needed
5.4 per 10K residents
11
HVAC Contractors
2.1 per 10K residents
9
Roofing Contractors
1.7 per 10K residents
What this means: Remodelers are 58.3% of the relevant market in ZIP 98661 (28 vs. 20 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,830
2BR Fair Market Rent
$1,440
Median Gross Rent
$420 K
Median Home Value
4
Bank Branches
$580 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.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits