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Home ZIP 38122

New Car Dealers Market: ZIP 38122

Opportunity Score
59 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 38122 is an urban area with moderate foot traffic. with a population of 25,310 and household incomes below the national median ($45,456).

Area Profile

25,310
Population
$45,456
Median Income
-39% vs. national
Urban
Area Type
12.2/20
Foot Traffic
Walkable
Median Age: 31.4 — mixed-age market, broad menu appeal.
College-Educated: 13.1% — value-focused market, keep prices competitive.

Competition

New Car Dealers and related businesses in ZIP 38122.

17
Gas Stations
6.7 per 10K residents
3
Used Car Dealers
1.2 per 10K residents

Operating Costs

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

$1,330
2BR Fair Market Rent
$1,127
Median Gross Rent
$110 K
Median Home Value
3
Bank Branches
$340 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