Franchise Businesses Market: ZIP 57005
Opportunity Score
94
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 57005 is an urban area. with a population of 12,140 and household incomes well above the national median ($108,689).
Area Profile
12,140
Population
$108,689
Median Income
+46% vs. national
Urban
Area Type
Median Age: 38.4 —
mixed-age market, broad menu appeal.
College-Educated: 27.1% —
balanced market for quality & value.
Competition
Franchise Businesses and related businesses in ZIP 57005.
3
Business Consultants
2.5 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,070
2BR Fair Market Rent
$985
Median Gross Rent
$320 K
Median Home Value
4
Bank Branches
$220 K deposits
Tips for Starting a Franchise Business in South Dakota
- 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 $108,689. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Related Businesses
- 3
- Bank Branches
- 4
vs. National Average
Median Income
+46% vs. $74,580
Nearby Markets
57110
4.9 mi
Pop: 22,017
$87,114
Walk: 10.1
57068
6.2 mi
Pop: 1,699
$107,222
Walk: 5.9
57104
8.1 mi
Pop: 27,406
$59,161
Walk: 14.7
57103
8.2 mi
Pop: 35,282
$73,945
Walk: 13.1
57030
10.2 mi
Pop: 2,617
$83,932
57108
11.4 mi
Pop: 32,888
$96,184
Walk: 7.2
57105
11.4 mi
Pop: 22,764
$74,066
Walk: 14.6
57197
11.5 mi
Pop: 559
Walk: 14.4
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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