New Car Dealers Market: ZIP 02907
Opportunity Score
67
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02907 is an urban area with high foot traffic. with a population of 31,427 and household incomes below the national median ($49,564).
Area Profile
31,427
Population
$49,564
Median Income
-34% vs. national
Urban
Area Type
16.0/20
Foot Traffic
Very Walkable
Median Age: 34.9 —
mixed-age market, broad menu appeal.
College-Educated: 12.4% —
value-focused market, keep prices competitive.
Competition
New Car Dealers and related businesses in ZIP 02907.
7
Gas Stations
2.2 per 10K residents
9
Used Car Dealers
2.9 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,530
2BR Fair Market Rent
$1,136
Median Gross Rent
$310 K
Median Home Value
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
- 16
vs. National Average
Median Income
-34% vs. $74,580
Walkability
+5.5 pts vs. national avg
Nearby Markets
02903
1.7 mi
Pop: 12,309
$62,987
Walk: 18.8
02910
1.8 mi
Pop: 23,406
$85,909
Walk: 14.8
02905
2.2 mi
Pop: 24,780
$57,126
Walk: 15.1
02909
2.3 mi
Pop: 44,445
$63,950
Walk: 15.4
02912
2.4 mi
Pop: 4,824
Walk: 15.7
02908
3.0 mi
Pop: 39,661
$74,341
Walk: 15.1
02918
3.2 mi
Pop: 2,944
Walk: 15.4
02920
3.6 mi
Pop: 36,332
$79,246
Walk: 16.0
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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