New Car Dealers Market: ZIP 47885
Opportunity Score
57
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47885 is an urban area with low foot traffic. with a population of 9,287 and household incomes near the national median ($66,203).
Area Profile
9,287
Population
$66,203
Median Income
-11% vs. national
Urban
Area Type
6.5/20
Foot Traffic
Car-Dependent
Median Age: 42.6 —
older demographic, may prefer sit-down options.
College-Educated: 15.7% —
value-focused market, keep prices competitive.
Competition
New Car Dealers and related businesses in ZIP 47885.
7
Gas Stations
7.5 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$930
2BR Fair Market Rent
$715
Median Gross Rent
$150 K
Median Home Value
2
Bank Branches
$68 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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Related Businesses
- 7
- Bank Branches
- 2
vs. National Average
Median Income
-11% vs. $74,580
Walkability
-4.0 pts vs. national avg
Nearby Markets
Check Another Market
Or estimate costs with the EVGasCompare calculator.
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