EVGasCompare
Showing results for ZIP 87583 (NM)
Home ZIP 38570

New Car Dealers Market: ZIP 38570

Opportunity Score
44 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 38570 is an suburban area with low foot traffic. with a population of 10,020 and household incomes below the national median ($37,652).

Area Profile

10,020
Population
$37,652
Median Income
-50% vs. national
Suburban
Area Type
4.8/20
Foot Traffic
Very Car-Dependent
Median Age: 44.0 — older demographic, may prefer sit-down options.
College-Educated: 9.7% — value-focused market, keep prices competitive.

Competition

New Car Dealers and related businesses in ZIP 38570.

9
Gas Stations
9.0 per 10K residents
3
Used Car Dealers
3.0 per 10K residents

Operating Costs

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

$900
2BR Fair Market Rent
$792
Median Gross Rent
$160 K
Median Home Value
5
Bank Branches
$560 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.
  • Median income sits at $37,652. Price sensitivity is real. Build your model around volume or keep overhead minimal.

Quick Facts

Area Type
Suburban
Foot Traffic
Very Car-Dependent
Related Businesses
12
Bank Branches
5

vs. National Average

Median Income
-50% vs. $74,580
Walkability
-5.7 pts vs. national avg

Check Another Market

Or estimate costs with the EVGasCompare calculator.

Data sources

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