Franchise Businesses Market: ZIP 62901
Opportunity Score
49
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 62901 is an suburban area with low foot traffic. with a population of 22,920 and household incomes below the national median ($32,960).
Area Profile
22,920
Population
$32,960
Median Income
-56% vs. national
Suburban
Area Type
8.8/20
Foot Traffic
Car-Dependent
Median Age: 26.0 —
young market, strong street food demand.
College-Educated: 25.3% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,010
2BR Fair Market Rent
$732
Median Gross Rent
$140 K
Median Home Value
8
Bank Branches
$740 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.
- Median income sits at $32,960. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Suburban
- Foot Traffic
- Car-Dependent
- Bank Branches
- 8
vs. National Average
Median Income
-56% vs. $74,580
Walkability
-1.7 pts vs. national avg
Nearby Markets
62924
5.2 mi
Pop: 3,064
$57,721
Walk: 4.5
62903
6.5 mi
Pop: 2,533
$39,526
62915
6.7 mi
Pop: 473
$31,111
62949
7.5 mi
Pop: 699
$34,194
Walk: 5.0
62902
8.1 mi
Pop: 4,217
$75,313
Walk: 8.0
62918
9.0 mi
Pop: 10,521
$70,975
Walk: 8.1
62921
9.6 mi
Pop: 200
$36,250
62958
10.1 mi
Pop: 2,069
$68,309
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