Franchise Costs Near Richmond, VA (23221)
Opportunity Score
88
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 23221 is an urban area. with a population of 14,180 and household incomes above the national median ($97,006).
Area Profile
14,180
Population
$97,006
Median Income
+30% vs. national
Urban
Area Type
Median Age: 36.3 —
mixed-age market, broad menu appeal.
College-Educated: 61.6% —
strong appetite for artisan/specialty food.
Competition
Franchise Businesses and related businesses in ZIP 23221.
14
Business Consultants
9.9 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,480
Median Gross Rent
$540 K
Median Home Value
4
Bank Branches
$400 K deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Urban
- Related Businesses
- 14
- Bank Branches
- 4
vs. National Average
Median Income
+30% vs. $74,580
Nearby Markets
Check Another Market
Or estimate costs with the FranchiseBudget calculator.
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits