Franchise Businesses Market: ZIP 62254
Opportunity Score
84
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 62254 is an urban area. with a population of 6,339 and household incomes above the national median ($89,500).
Area Profile
6,339
Population
$89,500
Median Income
+20% vs. national
Urban
Area Type
Median Age: 34.8 —
mixed-age market, broad menu appeal.
College-Educated: 24.3% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,340
2BR Fair Market Rent
$1,100
Median Gross Rent
$200 K
Median Home Value
2
Bank Branches
$39 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.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 2
vs. National Average
Median Income
+20% vs. $74,580
Nearby Markets
62289
5.0 mi
Pop: 385
$48,472
62225
5.0 mi
Pop: 5,606
$91,988
Walk: 5.5
62269
6.4 mi
Pop: 35,536
$100,167
Walk: 9.6
62294
7.1 mi
Pop: 15,246
$108,418
Walk: 6.1
62281
7.4 mi
Pop: 3,018
$122,679
62293
8.8 mi
Pop: 4,572
$90,059
Walk: 5.9
62221
8.8 mi
Pop: 29,281
$78,619
Walk: 12.3
62258
10.6 mi
Pop: 10,292
$90,417
Walk: 6.3
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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