Franchise Businesses Market: ZIP 47114
Opportunity Score
30
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47114 is an urban area. with a population of 537 and household incomes above the national median ($74,844).
Area Profile
537
Population
$74,844
Median Income
+0% vs. national
Urban
Area Type
Median Age: 35.3 —
mixed-age market, broad menu appeal.
College-Educated: 19.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,440
2BR Fair Market Rent
$863
Median Gross Rent
$240 K
Median Home Value
Tips for Starting a Franchise Business in Indiana
- Franchise fees range from $10K to $100K+ depending on the brand. That's before buildout, equipment, or working capital. Read the FDD (Franchise Disclosure Document) line by line.
- Royalties run 4-8% of gross revenue. Every month. Forever. That's gross, not net. Factor this into your break-even math from day one.
- Talk to at least 10 existing franchisees before signing. The FDD lists every current and former franchisee. Call the ones who left. They'll be honest.
- Territory protection matters. Some franchises let other franchisees open 2 miles away. Verify your exclusive territory in writing.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+0% vs. $74,580
Nearby Markets
47161
3.2 mi
Pop: 3,362
$84,318
47122
6.2 mi
Pop: 11,230
$106,034
Walk: 8.4
47166
6.7 mi
Pop: 1,531
$72,386
Walk: 3.0
47124
7.2 mi
Pop: 5,514
$111,815
47136
8.3 mi
Pop: 4,787
$96,625
Walk: 4.6
47112
8.6 mi
Pop: 17,123
$66,943
Walk: 5.5
47164
8.8 mi
Pop: 3,319
$62,181
47160
9.1 mi
Pop: 67
$76,250
Walk: 3.7
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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