New Car Dealers Market: ZIP 48117
Opportunity Score
76
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48117 is an urban area. with a population of 10,199 and household incomes above the national median ($76,600).
Area Profile
10,199
Population
$76,600
Median Income
+3% vs. national
Urban
Area Type
Median Age: 48.9 —
older demographic, may prefer sit-down options.
College-Educated: 10.7% —
value-focused market, keep prices competitive.
Competition
New Car Dealers and related businesses in ZIP 48117.
3
Gas Stations
2.9 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,250
2BR Fair Market Rent
$1,081
Median Gross Rent
$280 K
Median Home Value
1
Bank Branches
$100 K deposits
Tips for Starting a Ev Vs Gas Business in Michigan
- 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
- Related Businesses
- 3
- Bank Branches
- 1
vs. National Average
Median Income
+3% vs. $74,580
Nearby Markets
48164
5.7 mi
Pop: 9,577
$111,173
Walk: 4.8
48162
6.3 mi
Pop: 28,275
$68,801
Walk: 6.7
48134
8.8 mi
Pop: 24,472
$88,821
48166
9.2 mi
Pop: 13,746
$70,923
Walk: 4.7
48159
9.7 mi
Pop: 2,637
$69,191
48111
10.7 mi
Pop: 44,193
$74,125
Walk: 7.6
48179
10.7 mi
Pop: 3,353
$78,750
Walk: 4.2
48161
10.8 mi
Pop: 26,556
$65,517
Walk: 7.1
Check Another Market
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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