Franchise Costs Near Appalachia, VA (24216)
Opportunity Score
32
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 24216 is an rural area. with a population of 2,356 and household incomes below the national median ($32,400).
Area Profile
2,356
Population
$32,400
Median Income
-57% vs. national
Rural
Area Type
Median Age: 45.9 —
older demographic, may prefer sit-down options.
College-Educated: 7.6% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$674
Median Gross Rent
$54 K
Median Home Value
1
Bank Branches
$6.2 K deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Rural
- Bank Branches
- 1
vs. National Average
Median Income
-57% 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