New Car Dealers Market: ZIP 37216
Opportunity Score
71
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37216 is an urban area with moderate foot traffic. with a population of 18,933 and household incomes above the national median ($82,134).
Area Profile
18,933
Population
$82,134
Median Income
+10% vs. national
Urban
Area Type
11.1/20
Foot Traffic
Walkable
Median Age: 34.2 —
mixed-age market, broad menu appeal.
College-Educated: 45.0% —
strong appetite for artisan/specialty food.
Competition
New Car Dealers and related businesses in ZIP 37216.
5
Gas Stations
2.6 per 10K residents
4
Used Car Dealers
2.1 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,890
2BR Fair Market Rent
$1,507
Median Gross Rent
$400 K
Median Home Value
3
Bank Branches
$260 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
- Walkable
- Related Businesses
- 9
- Bank Branches
- 3
vs. National Average
Median Income
+10% vs. $74,580
Walkability
+0.6 pts vs. national avg
Nearby Markets
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