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New Car Dealers Market: ZIP 01604

Opportunity Score
71 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 01604 is an urban area with moderate foot traffic. with a population of 39,988 and household incomes near the national median ($72,911).

Area Profile

39,988
Population
$72,911
Median Income
-2% vs. national
Urban
Area Type
13.1/20
Foot Traffic
Walkable
Median Age: 38.1 — mixed-age market, broad menu appeal.
College-Educated: 22.9% — value-focused market, keep prices competitive.

Competition

New Car Dealers and related businesses in ZIP 01604.

11
Gas Stations
2.8 per 10K residents
6
Used Car Dealers
1.5 per 10K residents

Operating Costs

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

$2,010
2BR Fair Market Rent
$1,570
Median Gross Rent
$320 K
Median Home Value
7
Bank Branches
$670 K deposits

Tips for Starting a Ev Vs Gas Business in Massachusetts

  • EV inventory allocation from manufacturers is tied to your state's ZEV mandate status. Dealers in ZEV states get more inventory. Period.
  • Charging infrastructure in your area determines EV demand. Check PlugShare for the local charging density before stocking inventory.
  • Used EV margins are volatile. Battery degradation concerns suppress resale values unpredictably. Factor in extended warranty costs.
  • Service revenue per EV is 30-40% lower than gas vehicles. Fewer parts, fewer oil changes. Your service department model needs adjusting.

Data sources

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