Franchise Costs Near Norfolk, VA (23502)
Opportunity Score
70
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 23502 is an urban area. with a population of 19,836 and household incomes near the national median ($66,467).
Area Profile
19,836
Population
$66,467
Median Income
-11% vs. national
Urban
Area Type
Median Age: 38.7 —
mixed-age market, broad menu appeal.
College-Educated: 17.6% —
value-focused market, keep prices competitive.
Competition
Franchise Businesses and related businesses in ZIP 23502.
7
Business Consultants
3.5 per 10K residents
4
Small Business Lenders
2.0 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,335
Median Gross Rent
$240 K
Median Home Value
4
Bank Branches
$260 K deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Urban
- Related Businesses
- 11
- Bank Branches
- 4
vs. National Average
Median Income
-11% 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