Franchise Businesses Market: ZIP 07071
Opportunity Score
88
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 07071 is an urban area with moderate foot traffic. with a population of 22,343 and household incomes well above the national median ($109,021).
Area Profile
22,343
Population
$109,021
Median Income
+46% vs. national
Urban
Area Type
14.8/20
Foot Traffic
Very Car-Dependent
Median Age: 40.3 —
older demographic, may prefer sit-down options.
College-Educated: 29.7% —
balanced market for quality & value.
Competition
Franchise Businesses and related businesses in ZIP 07071.
3
Business Consultants
1.3 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,100
2BR Fair Market Rent
$1,719
Median Gross Rent
$500 K
Median Home Value
9
Bank Branches
$1 M deposits
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
- Related Businesses
- 3
- Bank Branches
- 9
vs. National Average
Median Income
+46% vs. $74,580
Walkability
+4.3 pts vs. national avg
Nearby Markets
07031
1.2 mi
Pop: 16,368
$101,493
Walk: 14.7
07070
1.7 mi
Pop: 18,748
$136,069
Walk: 14.9
07073
2.4 mi
Pop: 10,154
$91,789
Walk: 15.5
07014
2.8 mi
Pop: 4,867
$138,222
07032
3.2 mi
Pop: 40,570
$83,212
Walk: 13.9
07094
3.3 mi
Pop: 21,437
$134,746
Walk: 13.3
07109
3.3 mi
Pop: 37,785
$90,164
Walk: 14.3
07110
3.4 mi
Pop: 29,746
$115,215
Walk: 14.4
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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