Franchise Businesses Market: ZIP 62534
Opportunity Score
31
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 62534 is an urban area with low foot traffic. with a population of 1,066 and household incomes near the national median ($66,875).
Area Profile
1,066
Population
$66,875
Median Income
-10% vs. national
Urban
Area Type
4.9/20
Foot Traffic
Very Car-Dependent
Median Age: 48.5 —
older demographic, may prefer sit-down options.
College-Educated: 12.8% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$890
2BR Fair Market Rent
$926
Median Gross Rent
$130 K
Median Home Value
1
Bank Branches
$23 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
- Foot Traffic
- Very Car-Dependent
- Bank Branches
- 1
vs. National Average
Median Income
-10% vs. $74,580
Walkability
-5.6 pts vs. national avg
Nearby Markets
61914
7.4 mi
Pop: 1,855
$64,907
62565
7.8 mi
Pop: 7,422
$61,722
Walk: 6.2
61925
13.4 mi
Pop: 1,037
$71,947
61957
14.4 mi
Pop: 1,784
$70,000
Walk: 3.7
62550
14.4 mi
Pop: 3,070
$75,521
Walk: 5.3
62438
14.9 mi
Pop: 200
$49,727
62571
15.1 mi
Pop: 1,325
$83,462
Walk: 3.9
61951
15.2 mi
Pop: 7,654
$75,234
Walk: 7.7
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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