Franchise Costs Near Lynchburg, VA (24502)
Opportunity Score
70
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 24502 is an urban area. with a population of 41,314 and household incomes near the national median ($66,027).
Area Profile
41,314
Population
$66,027
Median Income
-11% vs. national
Urban
Area Type
Median Age: 32.1 —
mixed-age market, broad menu appeal.
College-Educated: 24.3% —
value-focused market, keep prices competitive.
Competition
Franchise Businesses and related businesses in ZIP 24502.
9
Business Consultants
2.2 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,166
Median Gross Rent
$210 K
Median Home Value
16
Bank Branches
$1.7 M deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Urban
- Related Businesses
- 9
- Bank Branches
- 16
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