Franchise Businesses Market: ZIP 61724
Opportunity Score
38
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 61724 is an urban area. with a population of 493 and household incomes above the national median ($87,143).
Area Profile
493
Population
$87,143
Median Income
+17% vs. national
Urban
Area Type
Median Age: 39.9 —
mixed-age market, broad menu appeal.
College-Educated: 16.8% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,000
2BR Fair Market Rent
$875
Median Gross Rent
$130 K
Median Home Value
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.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+17% vs. $74,580
Nearby Markets
61770
7.4 mi
Pop: 1,081
$62,212
Walk: 5.0
61854
9.2 mi
Pop: 1,356
$84,338
Walk: 4.7
61722
9.3 mi
Pop: 612
$96,786
61845
9.3 mi
Pop: 226
$91,875
Walk: 2.8
61853
10.2 mi
Pop: 14,645
$114,974
Walk: 6.8
61843
10.5 mi
Pop: 2,003
$93,750
61842
11.7 mi
Pop: 2,577
$79,167
Walk: 6.1
60936
14.4 mi
Pop: 4,260
$51,952
Walk: 8.2
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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