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ZIP 23851 — Business Opportunities

Franklin, VA · Local economy intelligence
Population
12,983
Median income
$61,416
Median age
41.9
Households
5,370

Top business opportunities in 23851

The highest-scored business categories to consider opening in Franklin, VA, based on demand (population, income, demographic fit) versus existing supply.

  1. 1. Laundromats 100/100
    ~1.0 businesses underserved · confidence: high
  2. 2. Childcare 95/100
    ~1.2 businesses underserved · confidence: high
  3. 3. Dancing School 88/100
    ~0.7 businesses underserved · confidence: low
  4. 4. Prep School 85/100
    ~0.6 businesses underserved · confidence: low
  5. 5. Driving School 85/100
    ~0.6 businesses underserved · confidence: low
  6. 6. Music School 84/100
    ~0.6 businesses underserved · confidence: low
  7. 7. Toys & Games 83/100
    ~0.6 businesses underserved · confidence: low
  8. 8. Auto Sales 80/100
    ~1.7 businesses underserved · confidence: high
  9. 9. Bicycle Parking 80/100
    ~1.0 businesses underserved · confidence: high
  10. 10. Parking 80/100
    ~4.2 businesses underserved · confidence: high

What's already here — existing business mix

The most common business categories currently operating in ZIP 23851.

Full demographic profile

Population12,983
Households5,370
Median household income$61,416
Per capita income$32,394
Median age41.9
% bachelor's degree or higher22.822%
% age 18–3415.382%
% age 65+14.48%
% renter-occupied32.93%
Median home value$202,300
Median gross rent$930
Unemployment rate5.823%

Nearby ZIPs in VA

23060 Glen Allen · 23059 Glen Allen · 23056 Foster · 23055 Fork Union · 23050 Dutton · 23047 Doswell

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