New Car Dealers Market: ZIP 01887
Opportunity Score
80
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 01887 is an urban area with low foot traffic. with a population of 23,195 and household incomes well above the national median ($161,473).
Area Profile
23,195
Population
$161,473
Median Income
+117% vs. national
Urban
Area Type
7.9/20
Foot Traffic
Car-Dependent
Median Age: 42.1 —
older demographic, may prefer sit-down options.
College-Educated: 33.9% —
balanced market for quality & value.
Competition
New Car Dealers and related businesses in ZIP 01887.
6
Gas Stations
2.6 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$3,220
2BR Fair Market Rent
$2,412
Median Gross Rent
$650 K
Median Home Value
9
Bank Branches
$1.2 M 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.
- The median income here is $161,473. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Related Businesses
- 6
- Bank Branches
- 9
vs. National Average
Median Income
+117% vs. $74,580
Walkability
-2.6 pts vs. national avg
Nearby Markets
01867
4.6 mi
Pop: 25,474
$163,407
Walk: 10.1
01803
5.0 mi
Pop: 26,068
$142,421
Walk: 10.5
01801
5.3 mi
Pop: 41,205
$107,754
Walk: 12.9
01876
5.4 mi
Pop: 30,962
$126,795
Walk: 9.1
01864
5.6 mi
Pop: 15,634
$150,820
01810
5.8 mi
Pop: 35,608
$167,591
Walk: 8.9
01821
6.1 mi
Pop: 30,203
$142,564
Walk: 11.0
01890
7.8 mi
Pop: 22,862
$218,176
Walk: 12.6
Check Another Market
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About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits