New Car Dealers Market: ZIP 37042
Opportunity Score
57
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37042 is an urban area with low foot traffic. with a population of 85,169 and household incomes near the national median ($66,435).
Area Profile
85,169
Population
$66,435
Median Income
-11% vs. national
Urban
Area Type
6.3/20
Foot Traffic
Car-Dependent
Median Age: 30.2 —
mixed-age market, broad menu appeal.
College-Educated: 16.1% —
value-focused market, keep prices competitive.
Competition
New Car Dealers and related businesses in ZIP 37042.
17
Gas Stations
2.0 per 10K residents
5
Used Car Dealers
0.6 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,240
2BR Fair Market Rent
$1,196
Median Gross Rent
$220 K
Median Home Value
8
Bank Branches
$400 K deposits
Tips for Starting a Ev Vs Gas Business in Tennessee
- 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
- Car-Dependent
- Related Businesses
- 22
- Bank Branches
- 8
vs. National Average
Median Income
-11% vs. $74,580
Walkability
-4.2 pts vs. national avg
Nearby Markets
42223
6.4 mi
Pop: 19,261
$64,525
Walk: 5.8
37040
6.6 mi
Pop: 62,137
$65,331
Walk: 7.4
42262
8.7 mi
Pop: 9,646
$49,898
Walk: 4.8
37191
9.3 mi
Pop: 3,998
$97,174
42266
12.6 mi
Pop: 3,203
$68,068
Walk: 3.4
37142
12.8 mi
Pop: 1,734
$73,056
37043
13.0 mi
Pop: 57,246
$91,871
Walk: 7.3
37052
13.6 mi
Pop: 1,971
$78,311
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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