Franchise Businesses Market: ZIP 61072
Opportunity Score
90
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 61072 is an urban area. with a population of 11,342 and household incomes well above the national median ($102,604).
Area Profile
11,342
Population
$102,604
Median Income
+38% vs. national
Urban
Area Type
Median Age: 41.7 —
older demographic, may prefer sit-down options.
College-Educated: 23.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,110
2BR Fair Market Rent
$982
Median Gross Rent
$230 K
Median Home Value
1
Bank Branches
$170 K deposits
Tips for Starting a Franchise Business in Illinois
- 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 $102,604. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 1
vs. National Average
Median Income
+38% vs. $74,580
Nearby Markets
61079
5.3 mi
Pop: 220
$46,176
61101
6.7 mi
Pop: 19,671
$45,260
Walk: 7.4
53511
7.5 mi
Pop: 48,305
$65,305
Walk: 12.6
61103
7.8 mi
Pop: 23,238
$47,390
Walk: 7.6
61115
9.6 mi
Pop: 22,424
$73,771
Walk: 7.1
61073
10.1 mi
Pop: 20,008
$104,534
Walk: 8.7
61080
11.0 mi
Pop: 11,062
$78,533
Walk: 5.8
61024
11.0 mi
Pop: 2,264
$73,152
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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