Franchise Businesses Market: ZIP 02874
Opportunity Score
81
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02874 is an urban area with low foot traffic. with a population of 6,715 and household incomes well above the national median ($155,099).
Area Profile
6,715
Population
$155,099
Median Income
+108% vs. national
Urban
Area Type
8.7/20
Foot Traffic
Car-Dependent
Median Age: 41.5 —
older demographic, may prefer sit-down options.
College-Educated: 43.0% —
strong appetite for artisan/specialty food.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,800
2BR Fair Market Rent
$1,939
Median Gross Rent
$640 K
Median Home Value
Tips for Starting a Franchise Business in Rhode Island
- Franchise fees range from $10K to $100K+ depending on the brand. That's before buildout, equipment, or working capital. Read the FDD (Franchise Disclosure Document) line by line.
- Royalties run 4-8% of gross revenue. Every month. Forever. That's gross, not net. Factor this into your break-even math from day one.
- Talk to at least 10 existing franchisees before signing. The FDD lists every current and former franchisee. Call the ones who left. They'll be honest.
- Territory protection matters. Some franchises let other franchisees open 2 miles away. Verify your exclusive territory in writing.
- The median income here is $155,099. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
vs. National Average
Median Income
+108% vs. $74,580
Walkability
-1.8 pts vs. national avg
Nearby Markets
02881
4.0 mi
Pop: 7,183
Walk: 7.7
02852
5.6 mi
Pop: 23,269
$112,457
Walk: 9.2
02882
6.3 mi
Pop: 12,984
$95,794
Walk: 12.5
02835
6.6 mi
Pop: 5,545
$141,442
Walk: 10.3
02879
7.1 mi
Pop: 22,628
$115,848
Walk: 8.7
02892
8.8 mi
Pop: 5,704
$143,534
Walk: 9.1
02822
9.0 mi
Pop: 6,139
$87,185
02818
9.3 mi
Pop: 19,869
$120,952
Walk: 11.2
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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