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Home ZIP 47859

New Car Dealers Market: ZIP 47859

Opportunity Score
24 / 100 Challenging
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 47859 is an rural area. with a population of 1,078 and household incomes below the national median ($46,667).

Area Profile

1,078
Population
$46,667
Median Income
-37% vs. national
Rural
Area Type
Median Age: 37.1 — mixed-age market, broad menu appeal.
College-Educated: 5.5% — value-focused market, keep prices competitive.

Operating Costs

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

$1,210
2BR Fair Market Rent
$1,110
Median Gross Rent
$110 K
Median Home Value
1
Bank Branches
$31 K 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.
  • This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.

Data sources

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