New Car Dealers Market: ZIP 02861
Opportunity Score
79
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02861 is an urban area with high foot traffic. with a population of 27,928 and household incomes above the national median ($83,044).
Area Profile
27,928
Population
$83,044
Median Income
+11% vs. national
Urban
Area Type
15.1/20
Foot Traffic
Very Walkable
Median Age: 38.8 —
mixed-age market, broad menu appeal.
College-Educated: 15.0% —
value-focused market, keep prices competitive.
Competition
New Car Dealers and related businesses in ZIP 02861.
5
Gas Stations
1.8 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,530
2BR Fair Market Rent
$1,278
Median Gross Rent
$290 K
Median Home Value
3
Bank Branches
$270 K deposits
Tips for Starting a Ev Vs Gas Business in Rhode Island
- 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
- Very Walkable
- Related Businesses
- 5
- Bank Branches
- 3
vs. National Average
Median Income
+11% vs. $74,580
Walkability
+4.6 pts vs. national avg
Nearby Markets
02860
2.5 mi
Pop: 47,372
$59,954
Walk: 15.4
02916
2.5 mi
Pop: 8,725
$96,293
Walk: 15.0
02863
2.9 mi
Pop: 22,481
$45,921
Walk: 15.9
02771
3.6 mi
Pop: 15,573
$116,310
Walk: 8.2
02906
3.7 mi
Pop: 26,327
$102,796
Walk: 16.4
02914
4.6 mi
Pop: 21,397
$60,838
Walk: 15.6
02912
5.0 mi
Pop: 4,824
Walk: 15.7
02703
5.5 mi
Pop: 46,479
$93,352
Walk: 10.9
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