New Car Dealers Market: ZIP 20855
Opportunity Score
69
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 20855 is an urban area with moderate foot traffic. with a population of 16,557 and household incomes well above the national median ($147,708). There are 6 new car dealers operations in ZIP 20855.
Area Profile
16,557
Population
$147,708
Median Income
+98% vs. national
Urban
Area Type
10.5/20
Foot Traffic
Walkable
Median Age: 41.8 —
older demographic, may prefer sit-down options.
College-Educated: 48.8% —
strong appetite for artisan/specialty food.
Competition
New Car Dealers and related businesses in ZIP 20855.
6
New Car Dealers
Moderate — proven market
3.6 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,760
2BR Fair Market Rent
$2,405
Median Gross Rent
$610 K
Median Home Value
2
Bank Branches
$270 K deposits
Tips for Starting a Ev Vs Gas Business in Maryland
- 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 $147,708. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- New Car Dealers
- 6
- Bank Branches
- 2
vs. National Average
Median Income
+98% vs. $74,580
Walkability
+0.0 pts vs. national avg
Nearby Markets
20880
3.0 mi
Pop: 590
$160,417
Walk: 12.2
20879
3.1 mi
Pop: 26,120
$105,109
Walk: 12.4
20853
3.5 mi
Pop: 31,438
$157,168
Walk: 12.2
20832
3.8 mi
Pop: 25,766
$166,892
Walk: 13.6
20851
4.1 mi
Pop: 14,660
$113,951
Walk: 13.5
20877
4.2 mi
Pop: 39,068
$86,103
Walk: 14.8
20850
4.7 mi
Pop: 50,365
$122,691
Walk: 13.6
20899
5.8 mi
Pop: 106
$23,917
Walk: 14.3
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