New Car Dealers Market: ZIP 02703
Opportunity Score
61
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02703 is an urban area with moderate foot traffic. with a population of 46,479 and household incomes above the national median ($93,352). There are 4 new car dealers operations in ZIP 02703.
Area Profile
46,479
Population
$93,352
Median Income
+25% vs. national
Urban
Area Type
10.9/20
Foot Traffic
Walkable
Median Age: 39.4 —
mixed-age market, broad menu appeal.
College-Educated: 23.6% —
value-focused market, keep prices competitive.
Competition
New Car Dealers and related businesses in ZIP 02703.
4
New Car Dealers
Low competition — room to establish
0.9 per 10K residents
14
Gas Stations
3.0 per 10K residents
11
Used Car Dealers
2.4 per 10K residents
What this means:
New Car Dealers are 13.8% of the relevant market in ZIP 02703 (4 vs. 25 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,800
2BR Fair Market Rent
$1,446
Median Gross Rent
$410 K
Median Home Value
8
Bank Branches
$1.1 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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- New Car Dealers
- 4
- Related Businesses
- 25
- Bank Branches
- 8
vs. National Average
Median Income
+25% vs. $74,580
Walkability
+0.4 pts vs. national avg
Nearby Markets
02763
2.6 mi
Pop: 1,764
$109,970
Walk: 13.0
02760
3.9 mi
Pop: 29,078
$109,350
Walk: 13.8
02861
5.5 mi
Pop: 27,928
$83,044
Walk: 15.1
02762
6.3 mi
Pop: 9,872
$95,625
02771
6.5 mi
Pop: 15,573
$116,310
Walk: 8.2
02769
6.8 mi
Pop: 12,809
$126,161
Walk: 6.1
02916
7.3 mi
Pop: 8,725
$96,293
Walk: 15.0
02863
7.4 mi
Pop: 22,481
$45,921
Walk: 15.9
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