New Car Dealers Market: ZIP 48329
Opportunity Score
64
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48329 is an urban area with low foot traffic. with a population of 24,022 and household incomes above the national median ($85,777).
Area Profile
24,022
Population
$85,777
Median Income
+15% vs. national
Urban
Area Type
6.3/20
Foot Traffic
Car-Dependent
Median Age: 44.2 —
older demographic, may prefer sit-down options.
College-Educated: 21.5% —
value-focused market, keep prices competitive.
Competition
New Car Dealers and related businesses in ZIP 48329.
11
Gas Stations
4.6 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,710
2BR Fair Market Rent
$1,323
Median Gross Rent
$250 K
Median Home Value
1
Bank Branches
$170 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
- Foot Traffic
- Car-Dependent
- Related Businesses
- 11
- Bank Branches
- 1
vs. National Average
Median Income
+15% vs. $74,580
Walkability
-4.2 pts vs. national avg
Nearby Markets
48328
3.1 mi
Pop: 25,409
$69,788
Walk: 6.9
48346
3.5 mi
Pop: 22,954
$97,857
Walk: 7.7
48327
3.7 mi
Pop: 20,843
$75,512
Walk: 6.7
48348
5.7 mi
Pop: 24,892
$131,586
Walk: 5.9
48320
6.2 mi
Pop: 4,257
$77,700
Walk: 9.5
48324
6.4 mi
Pop: 16,631
$148,750
Walk: 7.5
48386
6.6 mi
Pop: 17,860
$90,805
Walk: 6.1
48340
7.0 mi
Pop: 25,696
$46,474
Walk: 7.2
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