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Home ZIP 37931

New Car Dealers Market: ZIP 37931

Opportunity Score
65 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 37931 is an urban area with low foot traffic. with a population of 31,149 and household incomes above the national median ($91,284).

Area Profile

31,149
Population
$91,284
Median Income
+22% vs. national
Urban
Area Type
5.8/20
Foot Traffic
Very Car-Dependent
Median Age: 38.2 — mixed-age market, broad menu appeal.
College-Educated: 31.4% — balanced market for quality & value.

Competition

New Car Dealers and related businesses in ZIP 37931.

6
Gas Stations
1.9 per 10K residents

Operating Costs

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

$1,890
2BR Fair Market Rent
$1,450
Median Gross Rent
$320 K
Median Home Value
1
Bank Branches
$130 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.

Data sources

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