Franchise Businesses Market: ZIP 48214
Opportunity Score
55
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48214 is an urban area with moderate foot traffic. with a population of 19,014 and household incomes below the national median ($34,807).
Area Profile
19,014
Population
$34,807
Median Income
-53% vs. national
Urban
Area Type
11.9/20
Foot Traffic
Walkable
Median Age: 46.1 —
older demographic, may prefer sit-down options.
College-Educated: 21.2% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,170
2BR Fair Market Rent
$818
Median Gross Rent
$120 K
Median Home Value
1
Bank Branches
$8 K deposits
Tips for Starting a Franchise Business in Michigan
- 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.
- Median income sits at $34,807. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Bank Branches
- 1
vs. National Average
Median Income
-53% vs. $74,580
Walkability
+1.4 pts vs. national avg
Nearby Markets
48207
2.1 mi
Pop: 20,068
$44,561
Walk: 14.9
48213
2.3 mi
Pop: 19,869
$33,755
Walk: 12.2
48215
2.4 mi
Pop: 10,238
$33,741
Walk: 11.5
48211
4.2 mi
Pop: 5,556
$33,347
Walk: 12.6
48243
4.3 mi
Pop: 0
Walk: 19.0
48224
4.5 mi
Pop: 38,771
$42,963
Walk: 12.6
48205
4.7 mi
Pop: 32,466
$40,612
Walk: 12.8
48230
4.7 mi
Pop: 17,330
$131,155
Walk: 11.1
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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