New Car Dealers Market: ZIP 46516
Opportunity Score
59
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 46516 is an urban area with low foot traffic. with a population of 31,959 and household incomes near the national median ($54,934).
Area Profile
31,959
Population
$54,934
Median Income
-26% vs. national
Urban
Area Type
9.3/20
Foot Traffic
Very Car-Dependent
Median Age: 36.4 —
mixed-age market, broad menu appeal.
College-Educated: 11.6% —
value-focused market, keep prices competitive.
Competition
New Car Dealers and related businesses in ZIP 46516.
9
Gas Stations
2.8 per 10K residents
7
Used Car Dealers
2.2 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,010
2BR Fair Market Rent
$986
Median Gross Rent
$150 K
Median Home Value
10
Bank Branches
$1.9 M deposits
Tips for Starting a Ev Vs Gas Business in Indiana
- 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
- 16
- Bank Branches
- 10
vs. National Average
Median Income
-26% vs. $74,580
Walkability
-1.2 pts vs. national avg
Nearby Markets
46514
3.5 mi
Pop: 41,480
$61,784
Walk: 7.8
46517
5.0 mi
Pop: 25,438
$53,263
Walk: 9.6
46561
8.6 mi
Pop: 14,499
$83,520
Walk: 6.1
49130
8.9 mi
Pop: 1,216
$81,728
Walk: 3.3
46507
9.6 mi
Pop: 9,799
$88,510
46526
9.6 mi
Pop: 33,527
$65,864
Walk: 7.8
49112
9.9 mi
Pop: 10,436
$61,941
Walk: 6.0
46528
12.5 mi
Pop: 26,356
$77,620
Walk: 8.4
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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