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Home ZIP 38107

New Car Dealers Market: ZIP 38107

Opportunity Score
57 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 38107 is an urban area with moderate foot traffic. with a population of 14,254 and household incomes below the national median ($36,393).

Area Profile

14,254
Population
$36,393
Median Income
-51% vs. national
Urban
Area Type
12.6/20
Foot Traffic
Walkable
Median Age: 38.1 — mixed-age market, broad menu appeal.
College-Educated: 17.0% — value-focused market, keep prices competitive.

Competition

New Car Dealers and related businesses in ZIP 38107.

9
Gas Stations
6.3 per 10K residents

Operating Costs

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

$1,170
2BR Fair Market Rent
$999
Median Gross Rent
$130 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 $36,393. Price sensitivity is real. Build your model around volume or keep overhead minimal.

Data sources

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