New Car Dealers Market: ZIP 08876
Opportunity Score
84
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 08876 is an urban area with moderate foot traffic. with a population of 22,902 and household incomes well above the national median ($120,823).
Area Profile
22,902
Population
$120,823
Median Income
+62% vs. national
Urban
Area Type
10.8/20
Foot Traffic
Walkable
Median Age: 39.7 —
mixed-age market, broad menu appeal.
College-Educated: 41.8% —
strong appetite for artisan/specialty food.
Competition
New Car Dealers and related businesses in ZIP 08876.
3
Gas Stations
1.3 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,050
2BR Fair Market Rent
$1,776
Median Gross Rent
$470 K
Median Home Value
13
Bank Branches
$2 M deposits
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.
- The median income here is $120,823. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Related Businesses
- 3
- Bank Branches
- 13
vs. National Average
Median Income
+62% vs. $74,580
Walkability
+0.3 pts vs. national avg
Nearby Markets
Check Another Market
Or estimate costs with the EVGasCompare calculator.
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