New Car Dealers Market: ZIP 37881
Opportunity Score
28
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37881 is an urban area with low foot traffic. with a population of 1,874 and household incomes below the national median ($44,583).
Area Profile
1,874
Population
$44,583
Median Income
-40% vs. national
Urban
Area Type
4.0/20
Foot Traffic
Very Car-Dependent
Median Age: 56.4 —
older demographic, may prefer sit-down options.
College-Educated: 6.4% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$910
2BR Fair Market Rent
$805
Median Gross Rent
$120 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.
- Median income sits at $44,583. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
vs. National Average
Median Income
-40% vs. $74,580
Walkability
-6.5 pts vs. national avg
Nearby Markets
37708
5.6 mi
Pop: 6,248
$45,331
37811
11.0 mi
Pop: 4,156
$44,880
37869
11.4 mi
Pop: 5,198
$33,811
37814
11.5 mi
Pop: 34,842
$51,083
Walk: 7.2
37879
11.6 mi
Pop: 11,833
$42,848
Walk: 5.4
37861
15.1 mi
Pop: 8,578
$53,797
Walk: 3.9
37888
15.7 mi
Pop: 3,385
$50,443
Walk: 2.8
37860
16.7 mi
Pop: 3,739
$74,904
Walk: 5.0
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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