Franchise Businesses Market: ZIP 23116
Opportunity Score
79
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 23116 is an urban area with low foot traffic. with a population of 34,058 and household incomes well above the national median ($139,029).
Area Profile
34,058
Population
$139,029
Median Income
+86% vs. national
Urban
Area Type
6.9/20
Foot Traffic
Car-Dependent
Median Age: 41.2 —
older demographic, may prefer sit-down options.
College-Educated: 35.8% —
balanced market for quality & value.
Competition
Franchise Businesses and related businesses in ZIP 23116.
13
Business Consultants
3.8 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,160
2BR Fair Market Rent
$1,983
Median Gross Rent
$410 K
Median Home Value
6
Bank Branches
$500 K deposits
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Related Businesses
- 13
- Bank Branches
- 6
vs. National Average
Median Income
+86% vs. $74,580
Walkability
-3.6 pts vs. national avg
Nearby Markets
23111
6.7 mi
Pop: 37,699
$96,736
Walk: 5.7
23075
7.4 mi
Pop: 8,235
$50,947
23069
8.2 mi
Pop: 3,389
$81,667
Walk: 3.6
23223
8.2 mi
Pop: 56,569
$56,518
Walk: 13.0
23227
8.5 mi
Pop: 25,574
$70,537
Walk: 10.6
23222
8.6 mi
Pop: 26,809
$58,105
Walk: 13.8
23106
8.9 mi
Pop: 877
$56,509
Walk: 4.8
23250
11.0 mi
Pop: 0
Walk: 8.8
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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