Franchise Costs Near Hobbs, NM (88240)
Opportunity Score
70
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 88240 is an suburban area. with a population of 41,612 and household incomes near the national median ($65,394).
Area Profile
41,612
Population
$65,394
Median Income
-12% vs. national
Suburban
Area Type
Median Age: 30.1 —
mixed-age market, broad menu appeal.
College-Educated: 9.6% —
value-focused market, keep prices competitive.
Competition
Franchise Businesses and related businesses in ZIP 88240.
4
Business Consultants
1.0 per 10K residents
6
Small Business Lenders
1.4 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,124
Median Gross Rent
$180 K
Median Home Value
13
Bank Branches
$1.3 M deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Suburban
- Related Businesses
- 10
- Bank Branches
- 13
vs. National Average
Median Income
-12% vs. $74,580
Nearby Markets
Check Another Market
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Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits