New Car Dealers Market: ZIP 38068
Opportunity Score
53
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38068 is an urban area with low foot traffic. with a population of 10,854 and household incomes near the national median ($63,022).
Area Profile
10,854
Population
$63,022
Median Income
-15% vs. national
Urban
Area Type
4.9/20
Foot Traffic
Very Car-Dependent
Median Age: 42.2 —
older demographic, may prefer sit-down options.
College-Educated: 13.0% —
value-focused market, keep prices competitive.
Competition
New Car Dealers and related businesses in ZIP 38068.
5
Gas Stations
4.6 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,170
2BR Fair Market Rent
$775
Median Gross Rent
$260 K
Median Home Value
4
Bank Branches
$320 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
- Very Car-Dependent
- Related Businesses
- 5
- Bank Branches
- 4
vs. National Average
Median Income
-15% vs. $74,580
Walkability
-5.6 pts vs. national avg
Nearby Markets
Check Another Market
Or estimate costs with the EVGasCompare calculator.
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