New Car Dealers Market: ZIP 02155
Opportunity Score
73
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02155 is an urban area with moderate foot traffic. with a population of 61,276 and household incomes well above the national median ($118,403). There are 5 new car dealers operations in ZIP 02155.
Area Profile
61,276
Population
$118,403
Median Income
+59% vs. national
Urban
Area Type
14.8/20
Foot Traffic
Very Car-Dependent
Median Age: 35.0 —
mixed-age market, broad menu appeal.
College-Educated: 41.3% —
strong appetite for artisan/specialty food.
Competition
New Car Dealers and related businesses in ZIP 02155.
5
New Car Dealers
Low competition — room to establish
0.8 per 10K residents
9
Gas Stations
1.5 per 10K residents
What this means:
New Car Dealers are 35.7% of the relevant market in ZIP 02155 (5 vs. 9 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,960
2BR Fair Market Rent
$2,483
Median Gross Rent
$720 K
Median Home Value
16
Bank Branches
$2.6 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 $118,403. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
- New Car Dealers
- 5
- Related Businesses
- 9
- Bank Branches
- 16
vs. National Average
Median Income
+59% vs. $74,580
Walkability
+4.3 pts vs. national avg
Nearby Markets
02144
2.0 mi
Pop: 25,009
$140,591
Walk: 16.8
02145
2.5 mi
Pop: 27,929
$119,167
Walk: 15.5
02140
2.8 mi
Pop: 21,361
$136,382
Walk: 16.3
02143
3.0 mi
Pop: 25,161
$126,102
Walk: 16.2
01890
3.2 mi
Pop: 22,862
$218,176
Walk: 12.6
02474
3.4 mi
Pop: 28,283
$139,199
Walk: 14.4
02148
3.4 mi
Pop: 65,509
$95,298
Walk: 15.0
02180
3.5 mi
Pop: 22,986
$112,635
Walk: 12.9
Check Another Market
Or estimate costs with the EVGasCompare calculator.
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