Franchise Costs Near Salem, VA (24153)
Opportunity Score
74
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 24153 is an urban area. with a population of 38,249 and household incomes near the national median ($72,691).
Area Profile
38,249
Population
$72,691
Median Income
-3% vs. national
Urban
Area Type
Median Age: 42.5 —
older demographic, may prefer sit-down options.
College-Educated: 21.2% —
value-focused market, keep prices competitive.
Competition
Franchise Businesses and related businesses in ZIP 24153.
8
Business Consultants
2.1 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,058
Median Gross Rent
$250 K
Median Home Value
12
Bank Branches
$990 K deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Urban
- Related Businesses
- 8
- Bank Branches
- 12
vs. National Average
Median Income
-3% 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