Business facts
Estimated annual revenue~$2.5M
Estimated employees~7
Estimated wage bill~$374.2K
Estimate based on moderate signals
Area statistics (84606)
Population36,489
Median household income$49,993
Source: US Census ACS
About
MIT Modular is located in Provo, Utah. This business is working in the following industry: Custom Home Builder.
Market analysis
Earning above its category median in a growing category (Custom Home Builder).
EstimateCategory trend: 2024, +6.7%
Revenue trend (modeled)
~$1.8M2019
~$1.8M2020
~$1.9M2021
~$2.2M2022
~$2.3M2023
~$2.5M2024
Modeled from category averages for the region+6.8%/yr since 201980% confidence band: ±59%
Property
Lot size2.50 acres
CountyUtah
ObservedPublic assessor / cadastre record
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Custom Home Builder in Utah | 411 | ~$984.8M | ~$2.4M | ~$1.1M | 4.9★ | 2.3× |
Category revenue trend2024: +6.7%2023: +8.0%2022: +10.7%2021: +7.1%Modeled from business-level estimates
Chain pressure63 chains expanding in this category, led by Ivory Homes, Pastures at saddleback, Osprey Towns (+356 locations since 2016)
Revenue trajectory vs benchmarks (indexed, 2019 = 100)
Estimate
Immediate area (1 km)
| Businesses | Total revenue | Mean | Median | Jobs | Estimated wage bill | vs median | |
|---|---|---|---|---|---|---|---|
| 1 km area (all businesses) | 131 | ~$568.7M | ~$4.3M | ~$1.3M | 1,197 | ~$97.1M | 1.9× |
| Construction | 6 | ~$26.9M | ~$4.5M | — | 46 | — | — |
1 km area (all businesses): median from the 110 of 131 businesses with estimates
Estimate
Area conditions (84606)
Population36,489 ±1,417
Median household income$49,993 ±$4,576
Median home value$367,800
Bachelor's degree or higher0.4%
Unemployment rate0.0%
Source: US Census ACS