New Car Dealers Market: ZIP 07055
Opportunity Score
54
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 07055 is an urban area with moderate foot traffic. with a population of 69,651 and household incomes near the national median ($56,780). There are 3 new car dealers operations in ZIP 07055.
Area Profile
69,651
Population
$56,780
Median Income
-24% vs. national
Urban
Area Type
14.9/20
Foot Traffic
Very Car-Dependent
Median Age: 30.9 —
mixed-age market, broad menu appeal.
College-Educated: 9.7% —
value-focused market, keep prices competitive.
Competition
New Car Dealers and related businesses in ZIP 07055.
3
New Car Dealers
Low competition — room to establish
0.4 per 10K residents
4
Gas Stations
0.6 per 10K residents
6
Used Car Dealers
0.9 per 10K residents
What this means:
New Car Dealers are 23.1% of the relevant market in ZIP 07055 (3 vs. 10 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,640
2BR Fair Market Rent
$1,392
Median Gross Rent
$410 K
Median Home Value
7
Bank Branches
$950 K deposits
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
- New Car Dealers
- 3
- Related Businesses
- 10
- Bank Branches
- 7
vs. National Average
Median Income
-24% vs. $74,580
Walkability
+4.4 pts vs. national avg
Nearby Markets
07057
1.6 mi
Pop: 11,825
$82,422
Walk: 15.3
07011
1.9 mi
Pop: 38,817
$73,589
Walk: 15.5
07014
1.9 mi
Pop: 4,867
$138,222
07026
2.1 mi
Pop: 32,502
$75,701
Walk: 14.9
07012
2.3 mi
Pop: 15,153
$100,341
Walk: 14.3
07075
2.9 mi
Pop: 10,094
$131,412
07070
3.0 mi
Pop: 18,748
$136,069
Walk: 14.9
07013
3.1 mi
Pop: 29,419
$119,291
Walk: 14.8
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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