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The table below offers a collection of data aimed at giving potential franchisees a glimpse into their market landscape. Click Read More to delve deeper, uncovering additional information to assist you in making a well-informed decision. These insights are tailored to highlight the opportunities in your city as you consider a franchise purchase.
| Key Data Points: Medford, OR 2024 | ||
| Data | Medford, OR | Nationwide |
|---|---|---|
| Population | 84.93 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 2.6051% | 0.5% |
| Median Household Income | $95,910 | $74,580 |
| Median Age | 38.61 | 38.9 |
| Residents per Business | 1 to 16 | 10 to 1 |
| Annual Household Expenditures | $3.24 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The data indicates a robust average household income in Medford, with an estimated average of $97,967 in 2023, projected to rise to $111,349 by 2028.
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Medford's annual consumer expenditure on food and beverages is substantial, at $339.63 million in 2023, reflecting a significant market opportunity for food-related franchises. Franchises that offer fast-casual dining, specialty foods, or health-conscious menus could thrive, especially with an increase in household income allowing for discretionary spending on eating out.
With a median age of homes at 43.8 years and a majority being detached units (66.1%), there is potential for franchises in home services in Medford. The growth in home values, with a substantial portion in the $300,000 to $399,999 range, indicates homeowners may invest in maintaining and improving their properties. Services such as landscaping, remodeling, and maintenance could find a ready market, particularly with 63.0% of homes being owner-occupied and the presence of older homes that may require upgrades or repairs.
The data shows that a significant number of households have vehicles available (62,638 total vehicles), with an average of 1.9 vehicles per household. Given that 37.8% of households have two vehicles available, there's a clear need for automotive services. Franchises offering vehicle maintenance, repair, and detailing could capture a share of this market.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Medford, Oregon Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | PostalAnnex+ | Printing Packing & Shipping | $70,000 | |
| 2 |  | Proper Ecom Academy | Business Opportunities | $50,000 | |
| 3 |  | Wealth Automators | Computer & Internet Franchises | $60,000 | |
| 4 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 5 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 6 |  | Automated Investments | Business Opportunities | $100,000 | |
| 7 |  | Fleet Services International | Auto Franchises | $100,000 | |
| 8 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 9 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 10 |  | ClaimTek Systems | Financial Franchises | $20,000 |
Is Medford the Right Place to Launch Your Franchise?
- What's the business landscape like in Medford?
- Is there a reliable workforce for my franchise?
- Are operational costs affordable in Medford?
- How financially stable is the community?
- What makes Medford a great fit for franchise owners?
Question:What's the business landscape like in Medford?
Answer:Medford is home to 34,425 businesses, meaning franchise owners can enter a market with less direct competition and a more localized customer base.
Question:Is there a reliable workforce for my franchise?
Answer:Yes! The city has 40,291 employed individuals, providing a steady and loyal workforce for franchise owners.
Question:Are operational costs affordable in Medford?
Answer:Absolutely. With a median rent of $1,142, franchise owners in Medford can benefit from lower real estate costs, making it easier to secure commercial space.
Question:How financially stable is the community?
Answer:The average household income in Medford is $95,910, supporting a stable and engaged customer base.
Question:What makes Medford a great fit for franchise owners?
Answer:With 35,900 housing units and a strong sense of community, Medford provides a stable market where franchises can establish long-term success.
At Franchise Ventures, we prioritize transparency and objectivity to empower your franchise decisions. Unlike brokers or franchisors, our motivations are unclouded by financial incentives tied to your choices. We don't earn based on the franchise you opt for, instead, our mission is to present you with impartial insights. Navigate through a realm of franchising opportunities with information you can trust.