Franchise Businesses Market: ZIP 07631
Opportunity Score
63
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 07631 is an urban area with moderate foot traffic. with a population of 29,342 and household incomes well above the national median ($101,398). There are 3 franchise businesses operations in ZIP 07631.
Area Profile
29,342
Population
$101,398
Median Income
+36% vs. national
Urban
Area Type
12.3/20
Foot Traffic
Walkable
Median Age: 43.0 —
older demographic, may prefer sit-down options.
College-Educated: 32.7% —
balanced market for quality & value.
Competition
Franchise Businesses and related businesses in ZIP 07631.
3
Franchise Businesses
Low competition — room to establish
1.0 per 10K residents
16
Business Consultants
5.5 per 10K residents
What this means:
Franchise Businesses are 15.8% of the relevant market in ZIP 07631 (3 vs. 16 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,310
2BR Fair Market Rent
$1,925
Median Gross Rent
$500 K
Median Home Value
12
Bank Branches
$1.9 M deposits
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Franchise Businesses
- 3
- Related Businesses
- 16
- Bank Branches
- 12
vs. National Average
Median Income
+36% vs. $74,580
Walkability
+1.8 pts vs. national avg
Nearby Markets
07632
2.0 mi
Pop: 5,330
$222,192
Walk: 13.3
07605
2.2 mi
Pop: 9,333
$115,476
Walk: 15.2
07670
2.4 mi
Pop: 15,252
$208,088
Walk: 11.5
07666
2.7 mi
Pop: 41,499
$134,311
Walk: 14.7
07621
2.8 mi
Pop: 28,269
$124,083
Walk: 13.8
07024
2.8 mi
Pop: 39,785
$105,594
Walk: 15.7
07626
3.5 mi
Pop: 9,101
$173,293
07650
3.5 mi
Pop: 20,192
$101,295
Walk: 15.1
Check Another Market
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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