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Franchise Costs Near Norfolk, VA (23503)

Opportunity Score
68 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 23503 is an urban area. with a population of 30,559 and household incomes near the national median ($62,428).

Area Profile

30,559
Population
$62,428
Median Income
-16% vs. national
Urban
Area Type
Median Age: 35.5 — mixed-age market, broad menu appeal.
College-Educated: 22.1% — value-focused market, keep prices competitive.

Competition

Franchise Businesses and related businesses in ZIP 23503.

5
Business Consultants
1.6 per 10K residents

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$1,195
Median Gross Rent
$270 K
Median Home Value

Compare with Another ZIP

Side-by-side: opportunity score, income, walkability, competition, and rent.

Quick Facts

Area Type
Urban
Related Businesses
5

vs. National Average

Median Income
-16% vs. $74,580

Nearby Markets

23551 2.5 mi
Pop: 1,630
23511 3.1 mi
Pop: 10,024 $70,139
23505 3.4 mi
Pop: 28,983 $55,678
23518 4.2 mi
Pop: 28,957 $73,899
23513 4.6 mi
Pop: 29,962 $66,875
23509 4.6 mi
Pop: 12,912 $70,715
23651 4.7 mi
Pop: 415 $102,917
23508 5.3 mi
Pop: 20,119 $74,524

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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