Franchise Costs Near Memphis, TN (38117)
Opportunity Score
86
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38117 is an urban area. with a population of 26,327 and household incomes above the national median ($93,688).
Area Profile
26,327
Population
$93,688
Median Income
+26% vs. national
Urban
Area Type
Median Age: 38.6 —
mixed-age market, broad menu appeal.
College-Educated: 43.2% —
strong appetite for artisan/specialty food.
Competition
Franchise Businesses and related businesses in ZIP 38117.
8
Business Consultants
3.0 per 10K residents
3
Small Business Lenders
1.1 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,353
Median Gross Rent
$290 K
Median Home Value
11
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
- 11
- Bank Branches
- 11
vs. National Average
Median Income
+26% vs. $74,580
Nearby Markets
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Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits