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Franchise Costs Near Lynchburg, VA (24501)

Opportunity Score
58 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 24501 is an urban area. with a population of 26,393 and household incomes below the national median ($45,305).

Area Profile

26,393
Population
$45,305
Median Income
-39% vs. national
Urban
Area Type
Median Age: 29.8 — young market, strong street food demand.
College-Educated: 15.0% — value-focused market, keep prices competitive.

Operating Costs

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

$936
Median Gross Rent
$160 K
Median Home Value
9
Bank Branches
$1 M deposits

Compare with Another ZIP

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

Quick Facts

Area Type
Urban
Bank Branches
9

vs. National Average

Median Income
-39% vs. $74,580

Nearby Markets

24515 2.6 mi
Pop: 6,081
24502 5.3 mi
Pop: 41,314 $66,027
24504 6.5 mi
Pop: 9,471 $50,739
24588 7.4 mi
Pop: 8,664 $68,869
24572 7.9 mi
Pop: 15,515 $64,158
24503 9.5 mi
Pop: 19,978 $92,025
24538 11.9 mi
Pop: 4,823 $67,712
24550 12.3 mi
Pop: 7,941 $68,026

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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