EVGasCompare
Showing results for ZIP 48074 (MI)
Home ZIP 37874

New Car Dealers Market: ZIP 37874

Opportunity Score
51 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 37874 is an rural area with low foot traffic. with a population of 16,640 and household incomes near the national median ($52,912).

Area Profile

16,640
Population
$52,912
Median Income
-29% vs. national
Rural
Area Type
5.2/20
Foot Traffic
Very Car-Dependent
Median Age: 41.6 — older demographic, may prefer sit-down options.
College-Educated: 10.7% — value-focused market, keep prices competitive.

Competition

New Car Dealers and related businesses in ZIP 37874.

9
Gas Stations
5.4 per 10K residents

Operating Costs

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

$1,100
2BR Fair Market Rent
$635
Median Gross Rent
$170 K
Median Home Value
6
Bank Branches
$300 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.
  • This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.

Quick Facts

Area Type
Rural
Foot Traffic
Very Car-Dependent
Related Businesses
9
Bank Branches
6

vs. National Average

Median Income
-29% vs. $74,580
Walkability
-5.3 pts vs. national avg

Check Another Market

Or estimate costs with the EVGasCompare calculator.

Data sources

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