Franchise Businesses Market: ZIP 48505
Opportunity Score
52
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48505 is an urban area with moderate foot traffic. with a population of 18,108 and household incomes below the national median ($31,477).
Area Profile
18,108
Population
$31,477
Median Income
-58% vs. national
Urban
Area Type
11.3/20
Foot Traffic
Walkable
Median Age: 37.1 —
mixed-age market, broad menu appeal.
College-Educated: 6.2% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$960
2BR Fair Market Rent
$749
Median Gross Rent
$28 K
Median Home Value
1
Bank Branches
$84 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 $31,477. 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
-58% vs. $74,580
Walkability
+0.8 pts vs. national avg
Nearby Markets
48504
3.7 mi
Pop: 23,873
$36,740
Walk: 10.4
48502
3.8 mi
Pop: 1,388
$55,700
48458
3.9 mi
Pop: 19,411
$43,496
Walk: 8.2
48506
4.7 mi
Pop: 24,538
$44,416
Walk: 9.6
48503
5.0 mi
Pop: 22,809
$40,155
Walk: 13.7
48437
5.9 mi
Pop: 399
$38,553
48509
6.9 mi
Pop: 9,532
$64,385
Walk: 9.8
48529
7.2 mi
Pop: 8,959
$38,021
Walk: 11.7
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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