Franchise Businesses Market: ZIP 48462
Opportunity Score
68
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48462 is an urban area with low foot traffic. with a population of 13,010 and household incomes well above the national median ($103,739).
Area Profile
13,010
Population
$103,739
Median Income
+39% vs. national
Urban
Area Type
5.1/20
Foot Traffic
Very Car-Dependent
Median Age: 47.5 —
older demographic, may prefer sit-down options.
College-Educated: 27.4% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,180
2BR Fair Market Rent
$940
Median Gross Rent
$320 K
Median Home Value
2
Bank Branches
$140 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.
- The median income here is $103,739. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
- Bank Branches
- 2
vs. National Average
Median Income
+39% vs. $74,580
Walkability
-5.4 pts vs. national avg
Nearby Markets
48348
5.6 mi
Pop: 24,892
$131,586
Walk: 5.9
48438
6.3 mi
Pop: 7,305
$100,759
Walk: 8.3
48440
7.5 mi
Pop: 111
$108,859
48346
9.0 mi
Pop: 22,954
$97,857
Walk: 7.7
48371
9.4 mi
Pop: 26,120
$108,983
Walk: 6.3
48411
9.5 mi
Pop: 29
48350
10.7 mi
Pop: 7,866
$108,568
48455
11.0 mi
Pop: 7,849
$97,060
Walk: 4.7
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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