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Showing results for ZIP 48838 (MI)
Home ZIP 48348

New Car Dealers Market: ZIP 48348

Opportunity Score
76 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 48348 is an urban area with low foot traffic. with a population of 24,892 and household incomes well above the national median ($131,586).

Area Profile

24,892
Population
$131,586
Median Income
+76% vs. national
Urban
Area Type
5.9/20
Foot Traffic
Very Car-Dependent
Median Age: 43.3 — older demographic, may prefer sit-down options.
College-Educated: 34.5% — balanced market for quality & value.

Competition

New Car Dealers and related businesses in ZIP 48348.

3
Gas Stations
1.2 per 10K residents

Operating Costs

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

$1,490
2BR Fair Market Rent
$1,231
Median Gross Rent
$420 K
Median Home Value
3
Bank Branches
$250 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.
  • The median income here is $131,586. That gives you pricing room most markets don't offer. Don't underprice.

Data sources

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