Franchise Businesses Market: ZIP 62253
Opportunity Score
24
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 62253 is an urban area. with a population of 923 and household incomes below the national median ($50,000).
Area Profile
923
Population
$50,000
Median Income
-33% vs. national
Urban
Area Type
Median Age: 31.3 —
mixed-age market, broad menu appeal.
College-Educated: 3.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,090
2BR Fair Market Rent
$630
Median Gross Rent
$100 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
-33% vs. $74,580
Nearby Markets
62284
6.0 mi
Pop: 629
$50,208
Walk: 4.3
62231
8.8 mi
Pop: 6,521
$80,660
Walk: 7.3
62262
11.4 mi
Pop: 1,887
$58,722
62246
11.7 mi
Pop: 9,946
$61,740
Walk: 9.2
62875
12.4 mi
Pop: 1,091
$70,625
62219
15.3 mi
Pop: 1,028
$63,846
62892
15.6 mi
Pop: 189
$55,625
Walk: 3.1
62882
15.9 mi
Pop: 2,101
$53,067
Walk: 4.9
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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