New Car Dealers Market: ZIP 08224
Opportunity Score
40
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 08224 is an urban area. with a population of 158 and household incomes above the national median ($99,583).
Area Profile
158
Population
$99,583
Median Income
+34% vs. national
Urban
Area Type
Median Age: 35.8 —
mixed-age market, broad menu appeal.
College-Educated: 28.5% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,020
2BR Fair Market Rent
$290 K
Median Home Value
Tips for Starting a Ev Vs Gas Business in New Jersey
- 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
vs. National Average
Median Income
+34% vs. $74,580
Nearby Markets
08241
4.5 mi
Pop: 1,047
$130,417
Walk: 8.2
08087
5.9 mi
Pop: 25,211
$87,449
Walk: 6.8
08215
7.9 mi
Pop: 13,921
$84,630
Walk: 11.4
08205
8.2 mi
Pop: 28,236
$88,636
Walk: 10.9
08240
8.9 mi
Pop: 2,812
Walk: 11.3
08019
12.3 mi
Pop: 914
$168,036
08201
12.3 mi
Pop: 10,067
$72,120
Walk: 12.8
08092
13.0 mi
Pop: 3,182
$97,058
Walk: 10.1
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