EVGasCompare
Showing results for ZIP 87742 (NM)
Home ZIP 37138

New Car Dealers Market: ZIP 37138

Opportunity Score
67 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 37138 is an urban area with low foot traffic. with a population of 22,539 and household incomes above the national median ($87,450).

Area Profile

22,539
Population
$87,450
Median Income
+17% vs. national
Urban
Area Type
7.0/20
Foot Traffic
Car-Dependent
Median Age: 44.1 — older demographic, may prefer sit-down options.
College-Educated: 29.7% — balanced market for quality & value.

Competition

New Car Dealers and related businesses in ZIP 37138.

8
Gas Stations
3.5 per 10K residents
6
Used Car Dealers
2.7 per 10K residents

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$1,780
2BR Fair Market Rent
$1,427
Median Gross Rent
$350 K
Median Home Value

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.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits