Franchise Businesses Market: ZIP 07047
Opportunity Score
75
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 07047 is an urban area with moderate foot traffic. with a population of 61,202 and household incomes above the national median ($75,505).
Area Profile
61,202
Population
$75,505
Median Income
+1% vs. national
Urban
Area Type
14.3/20
Foot Traffic
Very Car-Dependent
Median Age: 40.8 —
older demographic, may prefer sit-down options.
College-Educated: 22.9% —
value-focused market, keep prices competitive.
Competition
Franchise Businesses and related businesses in ZIP 07047.
9
Business Consultants
1.5 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,400
2BR Fair Market Rent
$1,702
Median Gross Rent
$470 K
Median Home Value
7
Bank Branches
$1.1 M deposits
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
- Related Businesses
- 9
- Bank Branches
- 7
vs. National Average
Median Income
+1% vs. $74,580
Walkability
+3.8 pts vs. national avg
Nearby Markets
07093
1.2 mi
Pop: 63,321
$70,389
Walk: 15.1
07087
1.9 mi
Pop: 66,375
$65,369
Walk: 15.6
07086
1.9 mi
Pop: 16,946
$122,653
Walk: 13.8
07022
2.4 mi
Pop: 14,920
$64,152
Walk: 15.2
10069
2.7 mi
Pop: 6,669
$226,151
Walk: 12.0
07657
2.8 mi
Pop: 11,439
$115,676
Walk: 14.5
07094
3.0 mi
Pop: 21,437
$134,746
Walk: 13.3
07010
3.2 mi
Pop: 25,580
$94,960
Walk: 14.5
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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