FranchiseBudget
Showing results for ZIP 87021 (NM)
Home ZIP 78623

Franchise Businesses Market: ZIP 78623

Opportunity Score
70 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 78623 is an rural area. with a population of 1,575 and household incomes well above the national median ($122,143).

Area Profile

1,575
Population
$122,143
Median Income
+64% vs. national
Rural
Area Type
Median Age: 59.7 — older demographic, may prefer sit-down options.
College-Educated: 38.2% — balanced market for quality & value.

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$1,500
2BR Fair Market Rent
$560 K
Median Home Value

Tips for Starting a Franchise Business in Texas

  • 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.
  • The median income here is $122,143. That gives you pricing room most markets don't offer. Don't underprice.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits